TAFP and RemitDATA team up to improve revenue and reimbursement trends

RemitDATA, Inc., a leading provider of web-based productivity tools and benchmarking to the outpatient healthcare market, today announced that Texas Academy of Family Physicians (TAFP), the largest medical specialty organization, serving over 5,500 family physicians in Texas, has joined forces with RemitDATA to aggregate members' reimbursement data and provide real-time payer benchmarking to help TAFP identify problematic payers and troubling reimbursement trends before they turn into cash-flow pitfalls.

Through the use of RemitDATA’s online reimbursement tool, TAFP will be able to aggregate its members' reimbursement data to help identify and resolve payer reimbursement trends statewide, drive down costs associated with billing and more importantly accelerate revenue.

“Imagine the benefit of data organized so that a group of practices in a given region can see denial rates by service from a specific payer as a whole, or how quickly the respective payers are paying a claim for a specific service,” said Tom Banning, CEO/EVP for TAFP. “These aggregated metrics compared to the practices’ own information accessed online is powerful and will allow TAFP to keep our members, policy makers and regulators informed in real-time about how payers are operating in different markets so we can effect positive change.”

“Physicians’ current practice patterns are under assault,” said Michael L. Sanderson, president of RemitDATA. “Complex managed care policies, rising cost of collections and declining reimbursements foster a volatile environment for today’s physician. In this time of uncertainty, RemitDATA’s simple, web-based tools can be installed in minutes and will reduce denials and cut the cost of collections – guaranteed.”