SOURCE: ZirMed

September 01, 2009 08:00 ET

ZirMed® Announces ZirMed One: An Affordable Claims Reimbursement Bundle for Smaller Healthcare Practices

New Packaged Service Combines Eligibility Verification, Claims Management and Electronic Remittance Advice From Top-Tier Revenue Cycle Management Company

LOUISVILLE, KY--(Marketwire - September 1, 2009) - ZirMed®, a leading national provider of revenue cycle management solutions for healthcare providers, announced today the debut of ZirMed One, an innovative bundling of ZirMed's three most popular insurance claims reimbursement services into one solution that can lower costs and improve revenue efficiency for smaller healthcare businesses.

ZirMed One combines ZirMed's Eligibility Verification, Claims Management and ERA (Electronic Remittance Advice) services into one affordable, convenient package. An ideal solution for solo practices or small groups with fewer annual insurance claim totals, ZirMed One enables this important provider segment to benefit from the same premier technologies and services enjoyed by large sophisticated operations.

"More than 25% of all practicing physicians operate a single provider practice, and thus we have tailored ZirMed One to address the claims processing and EDI needs of the businesses in this large market segment," said Jim Lacy, Chief Financial Officer of ZirMed. "In the past, smaller healthcare businesses have suffered from a lack of attention and understanding of their specific needs. By packaging three of the most critical products from our comprehensive suite of services, we can now help those businesses become more efficient, at a price they can afford."

ZirMed One is a breakthrough offering from a company considered one of the leading revenue cycle solution providers in the industry. In both 2008 and 2009, ZirMed was ranked among the top two in the Ambulatory Clearinghouse Services reports* produced by KLAS®, an independent healthcare vendor research firm. The three services offered in ZirMed One include:

--  Eligibility Verification -- Offering up to a 75% cost savings over
    manual verification, ZirMed's eligibility verification solution results in
    cleaner claims and faster reimbursements.  Verifications can be performed
    individually or by batch, with overnight processing available for maximum
    productivity.
--  Claims Management -- The core module of ZirMed One that cleans,
    submits and tracks insurance claims.  Supported by over 1,600 healthcare
    payers, ZirMed's claims management solution overcomes rejections, delays,
    denials and any other obstacle.  Of special value is the error
    identification capability, which ensures that correct claims are filed the
    first time.
--  Electronic Remittance Advice -- ZirMed One's ERA solution dramatically
    reduces the impact of EOBs, remittances, claims adjustments and other
    paperwork through automatic posting.  Search tools allow users to locate
    EOBs by check, payer or patient name to provide faster patient information
    and better service.
    

ZirMed One is currently available and is priced on a monthly subscription basis to fit the unique needs of individual practices. To learn more, contact a ZirMed representative at (877) 494-7633.

About ZirMed:

Founded in 1999, ZirMed is a nationally recognized leader in delivering revenue cycle management solutions to healthcare providers. ZirMed enables healthcare providers to leverage the power of technology to cure administrative burdens and increase cash flow. ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, provider credentialing, and lock box services. ZirMed solutions are designed to complement provider workflow and to provide innovative, creative and flexible solutions for healthcare's most pressing administrative challenges. For more information about ZirMed, visit www.zirmed.com/pr.

About KLAS:

KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS' mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors and vendors. Working together with executives from more than 4,500 hospitals and over 2,500 clinics, KLAS delivers timely reports, trends and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures the performance of software, professional services and medical equipment vendors. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com or call 1-800-920-4109 to speak with a KLAS representative.

*"2008 Ambulatory EDI Claims Clearinghouse." May 2008. "2009 Managing the Claim and Getting Paid: Ambulatory Clearinghouse Services." June 2009. © 2009 KLAS Enterprises, LLC. All rights reserved.

Contact Information

  • ZIRMED CONTACT:
    Jim Lacy
    CFO & Counsel
    ZirMed
    502-779-4302
    Email Contact

    MEDIA CONTACT:
    Hanni Itah
    S&S Public Relations
    847-415-9324
    Email Contact