iHCFA is a Clearinghouse which processes Automobile, No Fault and Workers' Compensation bills and supporting documents via the integration of the Internet and the Health Care Financing Administration's universal bill, the HCFA-1500.

Electronic submission of bills and supporting documents to Insurance Carriers result in faster payments, greater accuracy and increased cash flow. iHCFA has the ability to connect through its Electronic Data Interface (EDI) to every medical billing application and Insurance Carrier in the country and its interface is available in 50 states.
 
 
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The New York State Workers' Compensation Board (Board) will replace the current Board treatment forms with the CMS-1500 to help reduce paperwork and lower provider administrative burdens.
Posted By Allen.Spokane@ihcfa.com on Fri, Jul 27, 2018 @ 10:02 AM

  
  
  

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Board Announces Technical Specifications for CMS-1500 Initiative

 
Concordia Care and iHCFA Positioned to Support NJ Law Requiring Electronic Filing of Medical Bills of Workers' Compensation for Payers and Providers. Free Implementation for Payers & Providers
Posted By Allen.Spokane@ihcfa.com on Wed, May 23, 2018 @ 12:54 PM

  
  
  

NJ Auto/PIP Law
NJ Workers' Compensation Law

MIAMI – May 21, 2018 – Concordia Care, Inc. (Concordia), a specialty risk-transfer and care coordination company, cites its intelligent claims clearinghouse capabilities are positioned to support the N.J. Workers’ Compensation EDI Law (Senate P.L. 2016 C64), as issued by the State of NJ Department of Labor and Workforce Development and published in the New Jersey Register. With an 18-month adoption period, under this legislation it is mandatory that all workers’ compensation insurance carriers, TPAs, and medical management companies who receive workers’ compensationrelated medical bills from health care providers accept and process the bills electronically. Further, it requires all healthcare providers and hospitals who submit over twenty-five (25) workers’ compensation medical bills per month to now provide electronic bills for payment on standardized forms compliant with guidelines.

“The iHCFA platform allows for the electronic submission of bills and supporting documents to payers resulting in faster processing, greater accuracy and increased cash flow for providers,” says William DeGasperis, DC, President, Specialty Services, Concordia. “We are in great position to partner with payers and providers to seamlessly implement a compliant solution in advance of the legislation due date.” 

Concordia’s intelligent claims clearinghouse provides for the electronic attachments and supporting documentation capabilities required. The iHCFA solution ensures no lost bills in the process increasing practice profitability and efficiencies.

Joseph Berardo Jr., CEO, Concordia says, “NJ healthcare providers and payers will benefit from enhanced revenue cycle management. Given the mandatory nature of the legislation, Concordia is waiving all implementation fees for its payers and providers as was done for the similar Auto/PIP law that was recently enacted.”

To ensure compliance with the new law, contact Concordia to get on their implementation schedule. Contact: 973.795.1641 extension 2000; njebill@ihcfa.com

About Concordia Care, Inc.

Concordia Care, Inc. (Concordia) is a specialty risk transfer, care-coordination company serving insurers, government entities, selfinsured plan sponsors and other managed care organizations. Concordia aims to improve patient-centered outcomes and reduce overall cost of quality care. Founded as a Managed Behavioral Health Organization, Concordia has evolved its health services business to focus on: risk transfer, behavioral health, health technology and specialty services. Concordia holds dual accreditations from the Accreditation Association for Ambulatory Healthcare Inc. (AAAHC) and the National Committee for Quality Assurance (NCQA). Visit www.concordiacare.com. Concordia is an MBF Healthcare Partners portfolio company.

About iHCFA

iHCFA, a New Jersey-based clearinghouse, specializes in electronically processing workers’ compensation and automobile bills with all supporting documents. iHCFA is an industry leader with the ability to connect to any medical billing system and link to more than 1,000 insurance payers and third-party administrators in all 50 states. For more information on iHCFA, visit www.ihcfa.com.

 
Concordia Care and iHCFA Positioned to Support New NJ Law Requiring Electronic Filing of Medical Bills for Auto Claims, Free Implementation for Payers and Providers
Posted By Allen.Spokane@ihcfa.com on Tue, Jan 30, 2018 @ 4:18 PM

  
  
  

NJ Auto/PIP Law
NJ Workers' Compensation Law

MIAMI – January 31, 2018 – As Concordia Care, Inc. (Concordia), a specialty risk-transfer company, has completed its acquisition of iHCFA, LLC, an industry leading clearinghouse specializing in the electronic processing of workers compensation and automobile bills, it is well positioned to support a recently passed NJ law signed this week. NJ State Bill S-2137 requires electronic submission of automobile insurance claims between health care providers and insurance companies or their third-party administrators (TPAs).

Under this newly enacted legislation, it is mandatory that all automobile insurance carriers, TPAs, and medical management companies who receive auto-related medical bills from health care providers accept and process the bills electronically. Further, it requires all healthcare providers and hospitals that submit over twenty-five (25) auto-related medical bills per month to now provide electronic bills for payment on standardized forms compliant with guidelines.  

Joseph Berardo Jr., CEO, Concordia says, “The new legislation demonstrates the significance of electronic billing in streamlining processes and reducing costs. This continues to reinforce for us why iHCFA is an important acquisition at this time given its advanced tech-enabled capabilities in this space.” Concordia serves insurers, government entities, self-insured plan sponsors and other managed care organizations.

Dr. William J. DeGasperis, president, iHCFA, adds, “As a New Jersey-based company, iHCFA currently has contracts with majority of the major medical management companies in the State, covering most of the automobile policies impacted by this new legislation. This allows us to help clients to quickly comply by seamlessly connecting to all medical billing systems.”

NJ healthcare providers will benefit from enhanced management of their revenue cycles, with e-billing leading not only to faster payment, but also increased efficiency of direct point-to-point communication between the insurance carrier and the provider billing system.

Berardo adds, “Implementation of electronic filing of medical bills leads to an overall reduction in administrative costs and results in a more efficient process. Given the mandatory nature of this legislation, Concordia and iHCFA expect to waive any associated implementation fees for its payers and providers.”

To ensure compliance with the new law, contact Concordia to get on their implementation schedule. Contact: 973.795.1641 extension 2000; njebill@ihcfa.com

About Concordia Care, Inc. Concordia Care, Inc. (Concordia) is a specialty risk transfer, care-coordination company servicing insurers, government entities, self-insured plan sponsors and other managed care organizations. Through its Pathways 2 Recovery (P2R) care model, Concordia aims to improve patient-centered outcomes and reduce overall cost of quality care by applying best practices in a biopsychosocial-centric approach to manage complex challenges for the casualty, group health and auto markets. Concordia’s integrated business units include: Concordia Casualty, Concordia Behavioral Health, Concordia Group Health, and Concordia Ancillary. Concordia holds dual accreditations from the Accreditation Association for Ambulatory Healthcare Inc. (AAAHC) and the National Committee for Quality Assurance (NCQA). Visit www.concordiacare.com. Concordia is an MBF Healthcare Partners portfolio company.

About iHCFA iHCFA, a New Jersey-based clearinghouse, specializes in electronically processing workers’ compensation and automobile bills with all supporting documents. iHCFA is an industry leader with the ability to connect to any medical billing system and link to more than 1,000 insurance payers and third-party administrators in all 50 states. For more information on iHCFA, visit www.ihcfa.com.

Media Contact:

Brittany Tedesco CPR Communications for Concordia btedesco@cpronline.com 201.641.1911 x 14

 
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As of 12/1/2016 ALL charges for submitting Electronic Claims to the New York State Insurance Fund will be paid by NYSIF when submitting claims through iHCFA.

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  • The only clearinghouse certified to submit the Ancillary Medical Report and OT/PT electronically in New York.

  • First EDI solution for transacting auto and workers' compensation bills with attachments - since July, 2000

  • Paperless billing to insurers nationwide with no set-up fees


Providing Workers' Compensation benefits, Disability, Volunteer Firefighters', Volunteer Ambulance Workers' and Volunteer Civil Defense Workers' benefits on behalf of their customers . . .  more