Exchange EDI Announces 2012 Record 4th Qtr Growth

Tallahassee, FL (PRWEB) January 31, 2013

Exchange EDI. LLC, a leading healthcare cash flow management technology company, reported a record breaking 2012 fourth quarter growth rate of 112%.

In a statement released by B. P. Fulmer, Managing Partner of Exchange EDI, he stated, “We are very gratified with the performance of the company during 2012. Fourth quarter performance not only continued a consistent quarter over quarter growth pattern, it established a consistent accelerating growth rate.” He commented the accelerated growth rate was due to the introduction of “Direct Payer Audit”, a payer underpayment monitoring and recovery service released in third quarter 2012 and the expansion of the company’s professional distribution network.

Exchange EDI has defined a strategic market niche by developing techniques and operating platforms emphasizing the importance of accelerating and controlling cash flow in healthcare practices – starting at the point-of-care. The objective is to truncate the traditional revenue cycle management process as much as possible.

Daryle Johnson, Executive Vice President of Business Development and Marketing commented, “We expect to see this growth pattern continue throughout 2013 and 2014 for Exchange EDI with the planned release of new administrative transaction management tools and platforms that will increase provider efficiency while reducing administrative and payment delivery costs for payers.”

About Exchange EDI, LLC:
Founded in 2009, Exchange EDI is focused on developing intelligent technology solutions that integrate health and financial transactions into a single process, delivering information at the point-of-care to accelerate the cash flow management process while reducing administrativecosts for providers and securing accurate payment from payers.

Contact

Daryle Johnson
Exchange EDI, LLC
PH: 214-335-4424
Email: Daryle.johnson@exchangeedi.com

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Exchange EDI annouces Direct Quote Automation

 

 

Tallahassee, Florida, November 15, 2012; Exchange EDI. LLC, an innovation leader in healthcare cash flow management technology and services announced today the latest release of “Direct Quote” an exclusive enhanced version that further automates the process of patient responsibility determination.

 

Direct Quote is built on the most widely used patient “out-of-pocket” determination system supporting more than 15,000 providers with patient satisfying cost transparency resulting in reductions of patient DOS by more than 50%.

 

This new release of Direct Quote (DQ) greatly simplifies the process of producing a patient “out-of-pocket” cost determination.  It increases accuracy and produces faster results.  DQA has reduced the process of producing a detailed patient report and providing cost information at the individual CPT code level, down to only five fields of information.

 

Patti Velasco, Managing Partner of Exchange EDI stated: “DQ” streamlines the “out-of-pocket” cost determination process by customizing procedure “Protocol Templates” for each type of encounter for each practice and/or provider.  These Protocol Templates can he used to produce patient cost determinations two or three days before the appointment or at checkout.  If needed, a patient cost determination can be re-calculated to either add or remove CPT codes as necessary.”

 

Ms. Velasco added: “We saw a need to help our clients reduce some of the training burden caused by staff turnover.  This is what drove us to further simplify the human interaction for Direct Quote processing while increasing accuracy and speed.”

 

About Exchange EDI, LLC:

Founded in 2009, Exchange EDI is focused on developing intelligent technology solutions that integrate health and financial transactions into a single process, delivering real-time information at the point-of-care to accelerate the patient cash flow management process while reducing costs and securing accurate payment from payers.

 

Contact:

 

Daryle Johnson

Exchange EDI, LLC

PH:  214-335-4424

Email:  Daryle.johnson@exchangeedi.com                                      +*Direct Quote powered by: TransEngen, Inc.

 

 

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