Pulmonary Medical Practice Uses HERAE Payment Processing Solution to Cut Bill-to-Deposit Time Significantly.

SAN DIEGO & DALLAS -- HERAE's HIPAA Compliant Payment Process Improves Leslie Lung Consultant's Bottom-Line with Faster, Electronic Processing of Health Insurance Payments and Increased Security Measures 

HERAE, LLC, a provider of electronic payment processing providing Direct Deposit for Healthcare(TM), today announced that Leslie Lung Consultants, a pulmonary medical practice, has implemented HERAE to improve collections, reduce the chance for fraud, and speed up billing-to-deposit time.

HERAE (pronounced "hurray") is providing a HIPAA-compliant, patent-pending payment system to Leslie Lung Consultants that processes HIPAA 835 transactions and facilitates processing explanation of benefits (EOBs), and money transactions from health insurers (payers) to its bank account electronically.

Sheila Barton, office manager of Leslie Lung Consultants says that she sees HERAE as a way to save time, money and energy in order to keep the focus on patients. "HERAE's electronic system is accurate and secure, and processes payments in about half the time," says Barton. "HERAE will increase efficiencies in our office and reduce the amount of time we are spending on processing claim payments so we can spend more time on patient care. "

The combined solution was integrated by MEDCOM, a Texas-based value added reseller serving the medical industry. According to MEDCOM Senior Partner Janine McMurtrey, although results will vary by payer, Leslie Lung Consultants has already seen its average bill-to-deposit cycle reduced from 29 days to 16 days by implementing HERAE.

"HERAE significantly decreases the time it takes for us to process EOBs for our clients, and has really sped up the time it takes to get payments deposited. This means better cash flow for medical practices," says McMurtrey. "Another huge benefit is that HERAE provides greater protection against fraud because the entire system is electronic and has multiple security features that are not possible with a manual system."

HERAE's paperless process has been implemented by VARs throughout the U.S. looking for a way to improve the process of healthcare claim payments between its providers and their payers. VARs are recommending the electronic payment solution to clients because it easily integrates into their practice management applications, completely eliminates paper envelopes, checks and explanation of benefit (EOB) forms, and most important, produces a significant and measurable savings in dollars and staff hours.

HERAE's offerings are all thin client, ASP-based, requiring its users to have nothing more than a browser. For cash posting activities, HERAE's browser tiling software, ViewPoint, is installed on the local PC. When the transactions are completed, the data is conveniently stored in a database called the Electronic File Cabinet(TM).

"Payment processing is one of the most time-consuming and expensive activities for provider offices today. Physician offices in the U.S. are spending close to $5.5 billion a year to manually process claim payments. HERAE's electronic processing solution reduces billing and deposit turnaround time for providers and their billing services by as much as two-thirds," said Jim Ribelin. "This complete electronic process and direct deposit system is quickly becoming the preferred payment processing method for VARs, physicians and healthcare practice groups across the country."

About HERAE, LLC

A privately owned limited liability corporation based in San Diego, California, HERAE provides Direct Deposit for Healthcare(TM). Through its unique focus on healthcare provider billing challenges and electronic remittance advice, HERAE has developed a paperless process with standardized explanation of benefits (EOB) forms, detailed reporting and process workflow enhancement capabilities that improve collections, reduce costs by up to two-thirds, and complete the payment to deposit cycle in 24-48 hours. On the Net: www.herae.com or call 888-41-HERAE (888-414-3723).