``One-System'' Solution for Claims and Bill Review Launched by Valley Oak Systems.Business Editors SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
iVOS Review Service and Software Streamlines Workflow and Increases Efficiency in the Claims Management Process Valley Oak Systems, Inc., a national provider of claims management software, services and support, has launched iVOS Review Service and Software, a new bill review component that is now integrated into their flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , iVOS, the leading browser-based claims administration system. "iVOS is a 'one-system' solution bringing together bill review and claims management. Integration ultimately streamlines operations, improves turnaround and productivity, reduces errors, decreases medical and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. , and eliminates complicated data exchange. The traditional bill review process was disjointed, involving mail operations and intricate data transfers with third-party vendors to exchange information. This created extra work and often resulted in errors that required additional time and resources to resolve. The iVOS "one-system" solution eliminates this cumbersome cum·ber·some adj. 1. Difficult to handle because of weight or bulk. See Synonyms at heavy. 2. Troublesome or onerous. cum and costly process, contributing to a significant return on investment," said Randy Wheeler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Valley Oak Systems. Due to skyrocketing medical costs in workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , many organizations are demanding a more cost-effective medical bill review process. iVOS Review provides organizations with "total savings" that includes reduced medical, administrative and operational costs. Valley Oak's bill review offering includes:
1) iVOS Review Service -- Clients outsource their bill review process
to Valley Oak's expert bill review department. Staff members have
extensive experience in medical bill review, utilization review,
and case management within workers' compensation. Valley Oak
increases savings for their clients by also applying utilization
review, above and beyond the normal savings achieved from fee
schedule reductions and PPO discounts.
2) iVOS Review Software -- Clients utilize Valley Oak software to
perform their own bill review. iVOS Review automatically
calculates appropriate medical fees and PPO discounts. The
application then applies the required rules so that each line of
every medical bill is repriced consistently and correctly.
Reviewers do not have to consult manuals for various fee schedules
or manage a paper-based workflow because the schedules and rules
are stored within the system. Changes in fee schedules are
automatically updated across all jurisdictions via Valley Oak's
browser-based technology.
On the front end of the bill review process, iVOS Review scans bills into the system, enabling organizations to significantly cut back on manual data entry and paper shuffling. The electronic document images are stored with the claim file which enables real-time access and sharing of medical bill information streamlining workflow and efficiency. "By implementing iVOS Review, our claims and bill review processes are now both handled within this 'one-system' solution, resulting in a significantly streamlined process. The overall benefits include increased efficiency and considerable savings in time, effort and resources. There's also a faster turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. on bills, which makes our providers happy," said Scott Schimke, executive director of risk management for Golden State Risk Management Authority. iVOS Review's streamlined workflow and payment process makes a high level of automation and efficiency possible. Many organizations are turning to iVOS in order to leverage a browser-based system that easily connects all necessary stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , including bill review, claims management, nurse case managers and even litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Ultimately, this type of collaboration enables better care for injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. workers and improved return-to-work outcomes. About Valley Oak Systems, Inc. Valley Oak Systems, Inc. is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with headquarters in San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005. . Founded in 1994, Valley Oak Systems has relied on the industry experience of its founders to provide high-quality, cost-effective solutions for the claims administration industry. Its flagship product iVOS(TM) is the leading browser-based, "one-system" solution that integrates claims management with bill review capabilities for multiple lines of insurance. Valley Oak Systems is dedicated to providing the highest quality software, services, and support to enable their clients to meet their goals. Valley Oak has been named for the second year in a row to the Inc. Magazine's list of the 500 fastest growing private companies, ranked #231 in 2003 and growing 738% in the last five years. For more information, go to www.valleyoak.com, or call 925-242-4600. |
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