Real-Time Claims Payment
Virtual Benefits Administrator (VBA) announces the first claims processing software to develop the ability to achieve Real-Time Claims Payment (RTCP) patent pending functionality, which is revolutionizing the way medical claims are paid.
Our software can adjudicate claims on the spot and pay doctors before the patient’s taillights are out of the doctor’s sight.
Reducing the cost of health care is one of the most important domestic objectives in the U.S. The right technology can transform the health care payer industry, which is largely operating on antiquated equipment.
Real Time Claims Payment results in a significant reduction of billing costs for a provider, clinic, or hospital. These savings can be passed on to health plan payers in the form of reduced discounts for services. In the end, the cost of health care can be reduced for plan members. Because the volume of health care dollars is so great, any percentage savings are significant.
Real-Time Claims Payment has been an elusive goal for healthcare payers for many years. Outdated legacy systems have been unable to achieve this goal. VBA’s architecture provides the Flexibility that empowers developers and users alike to quickly change and adapt to an ever-changing health care environment, not only today but for the uncertain future. VBA’s monthly software release always ensures our clients that they have the latest software.
VBA’s advanced technology also provides Real Time Eligibility and has routinely, and vastly, reduced costs for Health Plans and TPAs by 50%, or more. RTCP is our calling-card proof of who we are – no one but we can do that.
VBA provides you with the unique opportunity to dramatically increase the profitability and success of your business while actively participating in the improvement of the massive healthcare industry.