A growing healthcare cost environment demands providing consumers with the right information and tools to make informed healthcare decisions. CMSPricer, an tool that helps beneficiaries understand medical expenses, has received both praise and criticism. We explore here how CMSPricer empowers healthcare payers to make cost-conscious healthcare decisions, ultimately aiming for more transparent and patient-centered healthcare.
Empowering Healthcare Workers
Many patients find it challenging to navigate the complex world of healthcare, especially when it comes to understanding medical expenses. Patients must have access to accurate and transparent pricing information as the United States continues to struggle with healthcare cost inflation. Individuals often faced financial strain and a sense of helplessness. To address these challenges, CMSPricer offers patients insight into potential out-of-pocket expenses before they undergo specific medical procedures.
CMSPricer: An Overview
The CMSPricer is a SaaS-based Medicare repricing tool accessible through web browsers. It is a web-based program that returns results in seconds at 100% of Medicare rates. CMSPricer meets stringent CMS Medicare claims accuracy requirements for auditing claims from over 50 Medicare Advantages Plans. Using the CMSPricer SaaS-based tool and interface will allow you to effectively and quickly batch process with ease and precision, with easy imports and exports with hand key entry or auto batch/EDI uploads. CMSPricer is useful for Payers, PPOs, TPA’s, BPO’s, Self-Funded Employers and Auditing Firms.
To ensure accurate claims pricing, the engine is frequently updated with the latest CMS policies and rates. CMS.Gov typically has a three-month lag time and incomplete pricing results. CMSPricer quickly updates itself to price all types of PPS claims, including reference-based claims.
There is no storage of personal health information or claims data. It utilizes contemporary cloud-based security features including an EV SSL Certificate, 5HA2, and 2048-bit encryption (the strongest currently available). It is fully compliant with HIPAA regulations and ANSI 837 version 5010. The login and account of every user is secure.
It is possible to run 24/7/365 (excluding short maintenance periods) as long as you have Internet access.
The CMSPricer is undoubtedly a step in the right direction, offering Medicare beneficiaries a useful tool to navigate the complexities of healthcare expenses. Top of all, the beauty of using CMSPricer is you do not need to sign contracts or talk to salespeople. Pre-pay purchase with volume discounts and easy online payment processing is available.
For more details, go here to learn how CMSPricer can unlock the potential of accurate Medicare repricing and optimized reimbursements with CMSPricer today!