P&T
Our
Other
Journal
MediMedia Managed Markets
Managed Care

 

Smart Card A Great Idea, But When?

MANAGED CARE February 1998. © MediMedia USA
News and Commentary

Smart Card A Great Idea, But When?

MANAGED CARE February 1998. ©1998 Stezzi Communications

It costs about $19 to process a single health care claim, according to a survey by Milliman & Robertson, the actuarial firm. Now, an electronic system designed to whittle the cost and time involved in claims resolution may be around the corner.

RealMed, an Indianapolis-based software developer and system integrator, plans to unveil a "smart card" system electronically linking physicians with payers — thus eliminating paper work, cutting claims adjudication time to minutes and, says RealMed, slashing claims processing costs by 70 percent.

Sounds great, but for now, RealMed is a middleman without anyone on either side. At a news conference, Todd Morris, vice president for marketing, announced the system would "go live this spring," but refused to name participating insurers or even a debut market — saying cryptically, "We are committed to finding a geography and partners that will ensure the critical mass to be able to penetrate a market." Pressed, Morris admitted that no payers or physicians had signed contracts. Perhaps spring is a bit optimistic?

Meetings

Pharmaceutical Pricing and Contracting Conference Philadelphia, PA September 22–23, 2014
Private Health Insurance Exchanges Conference Washington, D.C. October 7–8, 2014
National Healthcare Facility Management Summit Palm Beach, FL October 16–17, 2014
National Healthcare CFO Summit Las Vegas, NV October 19–21, 2014
National Healthcare CXO Summit Las Vegas, NV October 19–21, 2014
Innovative Member Engagement Operations For Health Plans Las Vegas, NV October 20–21, 2014
4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014