Efficiency Unleashed with ZenexMed's Electronic Data Interchange (EDI)
What is EDI? Electronic Data Interchange (EDI) is the standardized exchange of business transactions between computers. ZenexMed harnesses EDI technology to facilitate seamless communication of claims, electronic remittance, claims payment, eligibility, and other information, promoting a paperless and efficient process.
Benefits of EDI with ZenexMed:
- Expedited claims payment, confirmation reports, and elimination of paper-related expenses.
- Nearly 80% of ZenexMed claims are submitted electronically, ensuring quicker processing and payment.
- Providers can submit transactions faster, receive payments promptly, and achieve cost savings compared to paper or manual transactions.
- A recent study found that EDI claims processing reduces the average provider’s cost per claim by $3.56, translating to significant annual savings.
- Access tools for tracking electronic claims status, improving timely filing, and receiving daily accept/reject reports for enhanced receivables and account reconciliation.
- ZenexMed offers 837 electronic claim submission, 835 electronic remittance advice, and EFT payments through approved clearinghouses, providing comprehensive EDI solutions for providers.”