Beacon Management Manages Bottom Line With IVANS High-Speed Medicare Access Solution
IVANS, Inc., the leading provider of corporate connectivity solutions and services, announced today that Beacon Management, Inc. has recently implemented IVANS LIME(TM), a cost-effective, high-speed Medicare access solution that enables healthcare providers to accelerate cash flow and minimizes the risk of uncompensated care. With IVANS solution, Beacon has access to vital information about its Medicare business, representing 98% of the company’s total revenue.
Beacon Management (formerly Synergy) is an organization that spun off its home health care companies. Prior to the sale, the joint organization shared a Medicare connection provided by IVANS, so Beacon needed to quickly establish its own access to ensure continued connections with Medicare. The behavioral health team was impressed with IVANS customer service, responsiveness and knowledge of the Medicare workflow while with Synergy, and consequently, engaged IVANS to implement IVANS LIME, a high-speed Medicare solution that the company uses for direct data entry (DDE), Medicare eligibility and claims status. Beacon was up and running just within a few days after selecting the IVANS LIME solution.
“Medicare represents the core of our business, and with IVANS LIME, we can easily process several hundred claims each day,” noted Ethan Thompson, vice president of finance at Beacon Management, Inc. “In addition, LIME gives us real-time access to Medicare eligibility and claims status information. Before we had IVANS solution, we would have to call a Medicare 800 number to verify Medicare eligibility – a time consuming and very manual process that took an average of 40 minutes per inquiry, and sometimes longer. With IVANS LIME, it takes virtually no time at all. Most importantly, having real-time information enables us to manage our business more effectively by providing visibility into our cash flow and minimizing non-reimbursement risk.”
IVANS LIME(TM) is a high-speed, Internet access solution for Medicare claims processing, designed to streamline the Medicare claims workflow process, so claims are paid faster and more accurately. Designed as a plug-and-play solution, LIME gives up to 50 concurrent users access to the entire Medicare workflow and all Medicare Administrative Contractors – providing a guaranteed connection to the right payer every time. Additionally, LIME enables providers to perform real-time eligibility verification, a solution that significantly reduces non-reimbursement risk by confirming a patient’s Medicare eligibility at the time of patient visit.
About Beacon Management, Inc.
Beacon Management, Inc. has provided outpatient mental health services to Louisiana and Mississippi residents for over 10 years. Headquartered in Baton Rouge, LA, Beacon has Community Mental Health Centers located in Baton Rouge, Mandeville, and New Orleans, LA, and in Biloxi and Hattiesburg, MS. The company provides confidential treatment to individuals experiencing emotional and behavioral difficulties.
About IVANS
IVANS Inc. provides the property/casualty insurance and healthcare industries with fully managed network, electronic data interchange (EDI) and agency-company interface solutions to help solve complex business issues. Headquartered in Stamford, Conn. and a CMS approved vendor, IVANS serves over 600 insurance and healthcare organizations, more than 30,000 independent agents and 135,000 healthcare providers. With over 25 years of experience successfully managing networks, the company also offers its clients relentless customer service, security solutions, reliable and accessible technical helpdesk support and expert enablement. IVANS, which was formed by 21 insurance companies, also has offices in Tampa, Fla. and Cincinnati, Ohio. For more information, visit ivans.com.