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Healthcare Company News 
NaviNet NaviNet Debuts NaviNet Payment Management to Help Healthcare Providers
NaviNet NaviNet Debuts NaviNet Payment Management to Help Healthcare Providers
NaviNet Debuts NaviNet Payment Management to Help Healthcare Providers
Wednesday, 29 April 2009 05:37 | 
| Company News - NaviNet |
New solution suite facilitates connection with nearly 300 leading health plans for accurate determination of patient benefits and secure collection of patient payment
NaviNet (formerly NaviMedix), America’s largest real-time healthcare communications network, announced the availability of NaviNet Payment Management, a low-cost, easy-to-use suite of solutions to help healthcare providers improve and streamline their organizations' payment and collection processes. The new suite offers providers a real-time connection with nearly 300 health plans, including Medicare and Medicaid, and practical, effective tools to determine patient eligibility and benefits, accurately estimate patient financial responsibility, discuss payment plans with patients and securely collect payments.
“The amount of patient payments that are ‘out-of-pocket’ is on the rise, and that is a significant shift in the way that healthcare providers are paid,” said Vi Shaffer, research vice president at Gartner. “However, there’s little question that many providers are still unprepared for this shift. Their financial health is dependent on making sure they put an effective system in place for addressing self-pay as a core component of sound revenue management.”
Connect and Collect with NaviNet Payment Management
NaviNet Payment Management solutions include:
NaviNet Medicare Eligibility―Delivers robust, real-time benefits information for Parts A, B and D coverage. Offers a direct connection to CMS to perform fast, real-time transactions and eliminate frustrating phone calls and unproductive wait times.
NaviNet Extended Eligibility―Offers direct online access to eligibility information and benefit details from nearly 300 health plans across the country, including national and regional plans, large and small commercial plans, and most Medicaid health plans. Provides a consistent and familiar presentation of benefit information across plans, for a user-friendly process that is easily incorporated into office workflow.
NaviNet Payment Manager with NaviNet Merchant Services―A secure, PCI-compliant, Web-based application that offers a convenient and affordable way to obtain and record patient payment source or commitment, and to charge the payment source. Offers multiple opportunities to collect from patients via credit or debit card – in advance, at the time of service or after the health plan’s remittance has been recorded.
NaviNet supports the Medical Group Management Association’s (MGMA) Project SwipeIT. Project SwipeIT is an industry-wide initiative to advance the adoption of standardized patient health-insurance identification (ID) cards containing machine-readable information. MGMA estimates that the healthcare industry wastes as much as $1 billion annually as a result of nonstandardized cards.
“NaviNet Payment Management represents just one of our innovative solutions to foster collaboration and streamline interaction among health-industry participants, in an effort to improve the quality of healthcare and reduce its cost,” said Brad Waugh, president and CEO of NaviNet. “NaviNet serves over 700,000 providers nationwide and we believe that our new solution suite will enable lowered administrative costs, improved provider revenue and collections, and enhanced patient care and satisfaction across the country.”
Pricing and Availability
NaviNet Payment Management is available immediately to the over 700,000 providers enrolled in NaviNet’s national healthcare communications network and is complementary to NaviNet’s basic suite of no-fee services. For more information, or to enroll in NaviNet, call us at 888-482-8057.
The Company announced a name change to NaviNet. See press release, “NaviMedix is now NaviNet, America’s Largest Real-Time Healthcare Communications Network.”
About NaviNet
NaviNet (formerly NaviMedix) is America’s largest real-time healthcare communications network, securely linking over 700,000 providers and the nation’s patients, industry partners and leading health plans. NaviNet’s advanced solutions, services and expertise streamline business processes and drive industry-leading innovation. In a time when access to healthcare is a critical issue, NaviNet fosters collaboration and helps government, plans and providers improve quality of care and reduce costs. For more information, or to sign up for NaviNet, visit www.NaviNet.net
Source: NaviNet
“The amount of patient payments that are ‘out-of-pocket’ is on the rise, and that is a significant shift in the way that healthcare providers are paid,” said Vi Shaffer, research vice president at Gartner. “However, there’s little question that many providers are still unprepared for this shift. Their financial health is dependent on making sure they put an effective system in place for addressing self-pay as a core component of sound revenue management.”
Connect and Collect with NaviNet Payment Management
NaviNet Payment Management solutions include:
NaviNet Medicare Eligibility―Delivers robust, real-time benefits information for Parts A, B and D coverage. Offers a direct connection to CMS to perform fast, real-time transactions and eliminate frustrating phone calls and unproductive wait times.
NaviNet Extended Eligibility―Offers direct online access to eligibility information and benefit details from nearly 300 health plans across the country, including national and regional plans, large and small commercial plans, and most Medicaid health plans. Provides a consistent and familiar presentation of benefit information across plans, for a user-friendly process that is easily incorporated into office workflow.
NaviNet Payment Manager with NaviNet Merchant Services―A secure, PCI-compliant, Web-based application that offers a convenient and affordable way to obtain and record patient payment source or commitment, and to charge the payment source. Offers multiple opportunities to collect from patients via credit or debit card – in advance, at the time of service or after the health plan’s remittance has been recorded.
NaviNet supports the Medical Group Management Association’s (MGMA) Project SwipeIT. Project SwipeIT is an industry-wide initiative to advance the adoption of standardized patient health-insurance identification (ID) cards containing machine-readable information. MGMA estimates that the healthcare industry wastes as much as $1 billion annually as a result of nonstandardized cards.
“NaviNet Payment Management represents just one of our innovative solutions to foster collaboration and streamline interaction among health-industry participants, in an effort to improve the quality of healthcare and reduce its cost,” said Brad Waugh, president and CEO of NaviNet. “NaviNet serves over 700,000 providers nationwide and we believe that our new solution suite will enable lowered administrative costs, improved provider revenue and collections, and enhanced patient care and satisfaction across the country.”
Pricing and Availability
NaviNet Payment Management is available immediately to the over 700,000 providers enrolled in NaviNet’s national healthcare communications network and is complementary to NaviNet’s basic suite of no-fee services. For more information, or to enroll in NaviNet, call us at 888-482-8057.
The Company announced a name change to NaviNet. See press release, “NaviMedix is now NaviNet, America’s Largest Real-Time Healthcare Communications Network.”
About NaviNet
NaviNet (formerly NaviMedix) is America’s largest real-time healthcare communications network, securely linking over 700,000 providers and the nation’s patients, industry partners and leading health plans. NaviNet’s advanced solutions, services and expertise streamline business processes and drive industry-leading innovation. In a time when access to healthcare is a critical issue, NaviNet fosters collaboration and helps government, plans and providers improve quality of care and reduce costs. For more information, or to sign up for NaviNet, visit www.NaviNet.net
Source: NaviNet
