Media Center
FOR IMMEDIATE RELEASE
by Debbie A. Murray, Ripple Effect Solutions
Moss Beach, CA - February 12, 2004
In the healthcare insurance industry there are many legacy inefficiencies that naturally lend themselves to a combination of process and technology solutions. One example is the payment of claims. In the legacy world, this combination of process, people, and technology could run upwards of $20.00 or more (per Gartner Group) to issue the traditional check and EOB/EOR.
To address these challenges, solutions such as offered by Jopari Solutions, Inc., a Northern California service-company provides a complete suite of processes and technology to your organization potentially resulting in significant cost savings.
Jopari Solutions, Inc.’s Jopari Pay™ cuts these costs by as much as 90%. Direct costs are reduced to pennies on the dollar by making the payment, either through Electronic Funds Transfers (EFT) or through volume-discounted traditional check solutions. Secondly, the indirect costs of a payment, such as duplicate checks, fraud, and exception processing (payment status and issues), are reduced through the collation of the Explanation of Benefits (EOB) or Explanation of Review (EOR) with the actual payment and the access of a self-service web-based portal for payer and payee review. The elimination of this payee demand for interaction permits staff resource reallocation and can lead to actual reductions in staffing levels.
An additional part of the payment problem is the electronic standards for claims and payments mandated by the Health Insurance Portability and Accountability Act (HIPAA). Jopari is different from other solutions in the electronic payment field in that cost savings and compliance accrues to the payer even if the payees get a paper transaction. “There’s no reason why payments can’t be handled electronically just like claims—when you have Jopari Pay™ for compliance”, says Steve Stevens, Jopari’s CEO and founder.
Ease of adoption by both payee (provider) and payer was at the foremost of the design for Jopari Pay™. As a result, implementation costs and staff time are kept to a minimum. It is possible to realize significant cost savings immediately.
The potential savings to payers are huge, with an “estimated $250 billion being spent annually to administer the processing of the 35 billion transactions between payers and providers.” 1. For more information or to sign up for your free cost/benefits analysis, go to www.jopari.com and learn how you can contribute to the financial well being of your organization.
Jopari Solutions, Inc.1855 Gateway Boulevard, Suite 500 · Concord, CA 94520
Phone 925-459-5200 · Fax 925-459-5222
