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Description
Arrow serves as a platform for managing healthcare revenue cycles, enhancing and simplifying payment processes through the automation of billing, claims processing, and predictive analytics, which aids both providers and payers in alleviating administrative tasks, decreasing denial rates, and expediting collections. By integrating workflows, data, and artificial intelligence, Arrow enables teams to identify claim errors prior to submission, handle denials with comprehensive root-cause analyses and simple corrective actions, while also receiving up-to-the-minute claim status updates directly from payers. The platform effectively streamlines the integration of Explanation of Benefits (EOB) and Electronic Remittance Advice (ERA) data into an easily navigable format, offers valuable revenue intelligence with insights that drive improvement in the revenue cycle, and ensures payment accuracy by monitoring for underpayments or overpayments in line with payer contracts. Additionally, Arrow’s innovative features contribute to a more efficient healthcare payment ecosystem, ultimately leading to improved financial outcomes for providers and payers alike.
Description
The process of posting insurance payments exemplifies the 80/20 principle, where a mere 20% of payments, typically those derived from paper EOBs, can consume a staggering 80% or more of the overall workload. However, the introduction of POWEReob changes the game entirely. This service merges free software with a pay-per-transaction model to transform the paper EOBs you still receive from various payers into electronic remittance files that comply with ANSI 835 or NSF formats. These electronic files facilitate automated payment posting to your practice management system, streamline electronic secondary claims billing, and enhance denials management. Importantly, POWEReob is compatible with any practice management software that accepts remittance files from third-party sources, not just those linked to a specific clearinghouse. For practices without such compatibility, we can collaborate with your management system or clearinghouse to ensure you reap the benefits of fully electronic remittances, ultimately optimizing efficiency and reducing labor costs in the payment posting process. By leveraging this innovative solution, practices can significantly enhance their operational workflows and focus more on patient care rather than administrative tasks.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Arrow
Founded
2020
Country
United States
Website
arrowhq.com
Vendor Details
Company Name
Unicomp Corp. of America
Founded
1979
Country
United States
Website
www.ucoa.com/products-services/POWEReob/
Product Features
Revenue Cycle Management
Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing
Product Features
Claims Processing
Adjustor Management
Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Compliance Management
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration