ClaimsTrac
ClaimsTrac: Improve Claim Management by Tracking Claim and Payment Data.
ClaimsTrac is an easy-to-use web-based claims tracking feature that works in conjunction with the
KeyClaims/Claims2Cash process and the
ClaimsTrac ERA Payment Monitor. It allows any healthcare Provider to track and timely follow-up on all outstanding claims being tracked in ClaimsTrac.
How ClaimsTrac works:
• Once a claim is processed through the KeyClaims/Claims2Cash platform, a claim record is created in ClaimsTrac.
• As claims are processed by the payer an ERA is received by the ClaimsTrac ERA Payment Monitor.
• ClaimsTrac electronically posts all ERA’s received by the ClaimsTrac ERA Payment Monitor.
• If payments are received by check with a hardcopy remittance the Provider as the ability to post these payments manually into ClaimsTrac.
• ClaimsTrac allows you to view unpaid claims or generate a Claim Balance Report to easily identify claims needing follow-up.
Features
• Ability to generate reports that are Payer specific
• Create outstanding Claim Aging Reports
• Generate outstanding claim reports by specific submission dates and payment through dates
• Transfer or Adjust Patient balances
• Manual claim or payment entry capabilities, if necessary
Benefits
• Automatically posts ERA’s without Provider involvement
• Elimination of manual data entry
• Automation that saves time and reduces errors
• Free up internal resources to focus on outstanding claim issues
• ClaimsTrac posts and stores claim denial reason for speedier follow-up
• Enhances cash flow