InnovaQor, Inc. Announces Launch of Medical Mime’s Automated Billing Solution
The subsidiary of InnovaQor, Medical Mime, has launched an automated billing solution designed to enhance the efficiency of Electronic Health Records (EHR) software for behavioral health and substance abuse facilities. This solution aims to simplify claim processing by ensuring that clean claims are submitted, which could potentially lead to fewer claim denials. Compatible with both HCFA 1500 and UB-04 claims, the system is flexible and customizable to meet specific client needs. According to CEO Sharon Hollis, the innovation is expected to streamline billing communication and improve overall billing performance.
- Launch of an automated billing solution designed to enhance claim processing efficiency.
- System is compatible with both HCFA 1500 and UB-04 claims.
- Customizable options tailored to clients’ specific needs.
- Expected reduction in claim denials due to improved data management.
- None.
WEST PALM BEACH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- InnovaQor, Inc. (OTC: INQR), Subsidiary Launches Automated Billing Solution for customers
InnovaQor subsidiary, Medical Mime, Inc., a provider of an EHR (Electronic Health Records) software to behavioral health and substance abuse facilities, today announced the launch of an automated billing solution for use with its EHR software.
The solution, automates and therefore accelerates first-pass clean billing by gathering all billable events that meet strict but simple criteria from the process, to ensure clean claims are pushed to a billing software. Suitable for both outpatient and residential treatment providers, the solution works for both HCFA 1500 and UB-04 claims and with any billing software that accepts HL7 files. Although built to manage the most rigorous billing guidelines, the solution maintains flexibility with customizable options to fit clients’ specific needs. Further information on Medical Mime can be found at https://medicalmime.com
“Medical Mime’s automated billing solution is specifically designed to streamline the process of managing the communication of essential claim data to a billing system,” stated Sharon Hollis CEO of InnovaQor, “The result is a seamless billing process that accelerates claim generation to a payer while significantly reducing back-end claim denials for lack of required information.”
For further information on InnovaQor, Inc., please visit www.innovaqor.com
About InnovaQor, Inc.
InnovaQor delivers innovative technology and software solutions for the medical sector and intends to build a communication platform specifically for the medical sector, which will facilitate communication and collaboration between peers and allow the addition of revenue generating bolt on offers, including existing solutions and a new recruitment matching product for the healthcare sector.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these, and other risk factors, is contained in the Company's most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.
Contact:
Gerard Dab
561 421 1905
press@innovaqor.com
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