WATERTOWN, Mass., June 26, 2013 (GLOBE NEWSWIRE) -- athenahealth , Inc. (Nasdaq:ATHN), a leading provider of cloud-based services for electronic health record (EHR), practice management, and care coordination, today unveiled the 2013 PayerView Report, an annual quantitative report that uses athenahealth's cloud-based data, spanning a national network of more than 40,000 health care providers, to deliver insight into the provider-payer relationship.
- As it has for the past several years, Medicaid continues to underperform on key metrics such as Days in Accounts Receivable (DAR), which measures the average number of days it takes a practice to collect on payments. As millions more payments are processed through the Medicaid Expansion, going into effect in January 2014 as part of the Affordable Care Act (ACA), the inability of Medicaid to process payments efficiently could have dire consequences for provider cash flow.
- ANSI 5010, a federally required electronic transaction standards update that went into effect in January 2012 and is a precursor to the ICD-10 medical coding transition, requires providers to submit claims in a new data format. PayerView shows that in the first quarter of 2012, coinciding with the ANSI 5010 transition date, the percent of claims successfully resolved on initial submission (e.g., paid or transferred to patient responsibility) was down. These conversion challenges with ANSI 5010 could be an early indicator of future breakdowns in the processing and payment of claims as the ICD-10 October 2014 deadline approaches.
- Many payers performed worse than the median 95 percent benefit accuracy, including six payers that only returned correct co-pay information less than 50 percent of the time. Given that co-pay information from payers is often inaccurate and co-pays continue to increase for certain services, the burden on providers to monitor and seek out timely and accurate information on patient payment responsibility remains high.
- Several payers did not fare well in the area of incentive program administrative burden and transparency, with just 17 percent of payers receiving the highest score and 40 percent not having any clear information available on pay-for-performance programs for participation by independent physicians.
- Electronic enrollment continues to be difficult for providers across most payers, with payers still requiring a staggering 65 percent of transactions to be conducted by fax or mail.