STOCK TITAN

Veradigm Payerpath Rated Highest in Client Satisfaction

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Veradigm (OTCMKTS: MDRX) announced that its Payerpath platform has been rated the top provider of claims and clearinghouse solutions for small medical practices by Black Book Research for the third consecutive year. Payerpath achieved high scores in 11 out of 18 key performance indicators (KPIs) for small practices and seven KPIs for larger medical groups. The platform interacts with over 60 practice management systems and 3000 payers, processing over 450 million claims annually with a clean claims rate exceeding 98%. Payerpath aims to reduce the administrative burden on healthcare staff while improving patient experience.

Positive
  • Payerpath rated #1 provider of claims and clearinghouse solutions for small medical practices for three consecutive years.
  • High scores in 11 out of 18 KPIs for small practices and 7 KPIs for larger medical groups.
  • Interfaces with over 60 practice management systems and 3000 payers.
  • Processes over 450 million claims annually with a high clean claims rate of >98%.
  • Reduces administrative burden on healthcare staff, improving patient experience.
Negative
  • None.

For the third consecutive year, the comprehensive set of solutions has been rated the overall #1 provider for small physician practice clearinghouse services

CHICAGO--(BUSINESS WIRE)-- Veradigm® (OTCMKTS: MDRX), a leading provider of healthcare data and technology solutions, announced today that Black Book Research, a healthcare-centric market research and public opinion research and consulting company, rated Veradigm Payerpath the overall number one provider of claims and clearinghouse platform solutions for small medical practices.

Veradigm Payerpath achieved top scores in 11 of 18 clearinghouse-focused key performance indicators for solo and independent practices and small group practices with two to four practitioners. Additionally, Veradigm Payerpath rated #1 in seven KPIs in medical groups between five and 10 practitioners.

"In Q2 2024, Veradigm Payerpath emerges as the premier choice among clearinghouse vendors serving small medical practices, solidifying its position with top ratings and unmatched reliability, empowering healthcare providers with unified claims transaction management,” said Doug Brown, President of Black Book Research.

Payerpath interacts with over 60 different practice management systems, 3000 payers, and processes over 450 million claims related transactions annually. Payerpath processes 1.1 Billion Revenue Cycle Transactions with a clean claims rate of >98%. In addition to claims management, Payerpath offers a comprehensive set of solutions that allow healthcare practices to deliver a simpler, more positive patient experience reducing the administrative burden on office staff.

“For more than two decades, Payerpath has offered a comprehensive set of solutions allowing ambulatory healthcare practices to deliver a simpler, more positive patient experience, while reducing administrative burden,” said Tom Langan, President and Chief Commercial Officer of Veradigm. “We’re excited to have Payerpath named as the top ranked vendor four years running in the Physician Claims Management Solutions/Clearinghouse Revenue Cycle Management category by Black Book.”

About Veradigm®

Veradigm is a healthcare technology company that drives value through its unique combination of platforms, data, expertise, connectivity, and scale. The Veradigm Network features a dynamic community of solutions and partners providing advanced insights, technology, and data-driven solutions, all working together to transform healthcare insightfully. For more information on Veradigm, visit http://www.veradigm.com, or find Veradigm on LinkedIn, Facebook, Twitter, and YouTube

© 2024 Veradigm LLC and/or its affiliates. All rights reserved. Cited marks are the property of Veradigm LLC and/or its affiliates. All other product or company names are the property of their respective holders, all rights reserved.

Investors:

Jenny Gelinas

312-506-1237

Jenny.Gelinas@veradigm.com

Media:

Concetta Rasiarmos

312-447-2466

concetta.rasiarmos@veradigm.com

Source: Veradigm

FAQ

What is Veradigm Payerpath's rating in the latest Black Book Research?

Veradigm Payerpath has been rated the overall number one provider of claims and clearinghouse solutions for small medical practices.

How many years has Veradigm Payerpath been rated number one?

Veradigm Payerpath has been rated the top provider for three consecutive years.

How many claims does Payerpath process annually?

Payerpath processes over 450 million claims annually.

What is the clean claims rate of Veradigm Payerpath?

Veradigm Payerpath has a clean claims rate exceeding 98%.

Which KPIs did Veradigm Payerpath achieve high scores in?

Veradigm Payerpath achieved top scores in 11 out of 18 clearinghouse-focused key performance indicators for small practices and seven KPIs for larger medical groups.

How does Payerpath interact with other systems?

Payerpath interacts with over 60 practice management systems and 3000 payers.

What additional benefits does Veradigm Payerpath offer?

Payerpath offers a comprehensive set of solutions to reduce administrative burden and improve patient experience.

VERADIGM INC

OTC:MDRX

MDRX Rankings

MDRX Latest News

MDRX Stock Data

1.21B
108.01M
1.12%
16.54%
Health Information Services
Healthcare
Link
United States of America
Chicago