Editor's note: We are working diligently to confirm details of this release, which was recently embargoed due to issues with approval of the press release. What we do know is that while Claim.MD’s system does usually integrate with a customer’s EHR system, in this case, it is not integrated yet. Further, we corrected this article to refer to Walgreens Health, a division of Walgreens Boots Alliance. (September 12, 2022).
The news: Walgreens Health, a division of Walgreens Boots Alliance, signed a deal with electronic data interchange (EDI) clearinghouse Claim.MD to ease billing and payments collection for providers, payers, and software vendors.
Here’s how it works: Claim.MD’s online portal will let Walgreens Health Corners review and correct claims errors.
The problem: Healthcare execs struggle with revenue cycle management—and inefficiencies with claims submissions are a major culprit.
Claims are often prone to errors. This slows down the claims reimbursement process by increasing denied claims and lengthening the accounts receivable process.
The opportunity: Healthcare organizations are investing in tech tools like EDI and AI to help.
Walgreens prioritizes primary care: The deal shows that Walgreens is committed to primary care, including home health, and will tidy up claims reimbursement for this aspect of its business.
This article originally appeared in Insider Intelligence's Digital Health Briefing—a daily recap of top stories reshaping the healthcare industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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