FOR IMMEDIATE RELEASE/Feb, 2, 2001
ATLANTIC IMAGING GROUP ANNOUNCES PRE-FUNDING INITIATIVE TO PAY CLAIMS
WITHIN 72 HOURS
Atlantic Imaging Group, LLC (ATLANTIC) New Jersey's largest Diagnostic
Radiology Network has announced that beginning with claim dates of
service October 1, 2000 ATLANTIC will begin pre-funding claims within 72
hours of the receipt of a clean claim. ATLANTIC was developed in 1999 as
the first truly auto network whose inception was based upon the Auto
Insurance Reduction Act of 1998. ATLANTIC has been providing services to
Liberty Mutual and National Healthcare Resources, whose clients include:
ALLSTATE, PALISADES SAFETY, and 14 other carriers.
ATLANTIC is introducing the 72-hour pre-funding initiative to show
support for the 95 facilities who have agreed to discounts of up to 52%
off of the normal rates charged for Diagnostic radiology services and to
enhance the reputation of the clients it provides services to.
ATLANTIC's, President Dr. William J. DeGasperis described the move
remuneration for the standard PPO promise of directed care along with
accelerated payments. " As providers have learned, very often the
equation is not met and providers suffer by providing discounted
services while still experiencing significant delays in re-imbursement.
This is our way to balance the equation and in the process build support
for the network form our providers and our clients."
The capability to pre-fund a claim prior to re-imbursement by the
carrier is based upon the use of sophisticated claims technology by
ATLANTIC through the use of iHCFA.com. The system is the first Web based
claims system to display the HCFA-1500 form on the Web and validate the
information at the time of submission. The system almost instantly
recognizes a clean claim as opposed to a claim lacking the proper
information. iHCFA has the ability to track the pre-funding and adjust
any underpayments, co-pays, or deductibles out of future submissions.
The system also allows the payors case manager or the ATLANTIC
scheduling department to begin the claims input process at the time the
patient is authorized or scheduled. In addition, powerful reporting
allows ATLANTIC clients to receive savings reports to gauge the benefits
of using ATLANTIC.
Dr. DeGasperis will be showing the technology of iHCFA.com at the
upcoming ICNJ annual meeting on November 15, 2000. Interested parties
may visit the ATLANTIC web site at www.aignetwork.com. iHCFA may be
visited at www.ihcfa.com.
Information on ATLANTIC may be provided by calling 973-451-9415.