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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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

 
Concordia Care, Inc. Completes Acquisition of Atlantic Imaging Group and iHCFA
Posted By Allen.Spokane@ihcfa.com on Wed, Jan 24, 2018 @ 9:03 AM

  
  
  

MIAMI – January 24, 2018 – Concordia Care, Inc. (Concordia), a specialty risk-transfer company, announces the completion of its acquisition of Atlantic Imaging Group (Atlantic), a national Diagnostic Testing Network (DTN) with contracted radiology facilities in 48 states. In connection with the completion of the transaction, Concordia also acquired iHCFA, a nationwide claims clearinghouse platform.

“I am thrilled that we have completed the acquisition of AIG and related companies,” says Joseph Berardo Jr., CEO, Concordia. “Atlantic’s long history of providing the workers’ compensation and no-fault auto accident sector with access to quality diagnostics, combined with Concordia’s risk-transfer programs for large loss cases, makes an ideal pairing.”

He points out that the related acquisition of iHCFA, a nationwide claims clearinghouse platform, puts Concordia at the forefront of providing technology-enabled solutions that can positively impact the treatment outcomes of injured workers.

“The iHCFA system provides Concordia with access to data and the ability to create early warning claim triggers to identify common clinical conditions putting individuals at risk of delayed recovery,” Berardo concludes. “The acquisition of AIG and iHCFA align with our patient-centered strategy to advance access to quality care through our P2R model, and improve overall quality of life for injured workers.”

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 a MBF Healthcare Partners portfolio company.

 

About Atlantic Imaging Group and iHCFA

Atlantic Imaging Group (Atlantic) is a nationwide, registered Diagnostic Testing Network (“DTN”). For more information about Atlantic, visit www.aignetwork.com. iHCFA, a New Jersey-based clearinghouse, specializes in electronically facilitating workers’ compensation and automobile medical claims 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 payors 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

 
New Jersey Governor Chris Christie Signs EDI Bill S-2136 into Law Requiring all Workers' Compensation Providers and Payors to use EDI Compliant Solution
Posted By allen.spokane@ihcfa.com on Wed, Nov 16, 2016 @ 11:33 AM

  
  
  

iHCFA Well Positioned to Support New Jersey’s EDI Law for Electronic Filing of Medical Bills for Worker’s Compensation Claims

Morristown, NJ. (November 14, 2016) - iHCFA, LLC an industry leading clearinghouse, specializing in the electronic processing of Workers Compensation and Automobile bills, announced today that it is poised to support healthcare Providers and insurance payors in implementing the new S-2136 Electronic Data Interface (EDI) bill signed into law today by New Jersey Governor Chris Christie. 

 The new law requires all Workers Compensation, Third Party Administrators and Employers who receive medical bills to accept the bills and their medical reports electronically. All healthcare Providers and Hospitals that submit over twenty-five (25) bills per month are also required to submit their bills and medical reports electronically.  The Department of Banking and Insurance will utilize the national standard ASC X-12 electronic data exchange protocols found in all modern billing systems.

 Company President, Dr. William J. DeGasperis, stated, “this law moves New Jersey into the 21st century and will result in lower costs, greater accountability, productivity and a better working relationship between the Provider and insurance payor.  iHCFA is uniquely positioned to help clients comply with this new law because of our ability to connect to any medical billing system and link to more than 1,000 insurance payors and third-party administrators,” said DeGasperis.

 The benefit for healthcare providers managing their revenue cycles through e-billing, besides faster payment, is the increased efficiency of direct point to point communication between the insurance carrier and the Provider billing system. The elimination of lost bills and an overall reduction in administrative costs and burdens results in a more effective, efficient process. Providers currently submit over 95% of all Medicare, Medicaid and healthcare bills electronically yet submit only 10% of all Workers Compensation and Auto bills.  Payors receive faster notification of claims through the e-billing process, more accurate and complete first-time bills and medical documents, better communication and a significant reduction in paper and mail room processing. These all lead to decreased costs and eliminate reliance on antiquated manual processing.

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 payors and third-party administrators in all 50 states. iHCFA users can access a web based system to perform bill validation, review processing status including acceptance or rejection and payment notifications.

 For more Information on IHCFA please visit www.ihcfa.com or contact our sales department at sales@ihcfa.com.

 

 
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