ClearCycle offers a comprehensive solution for handling every aspect of claims payment output, post output processing and lookup. It universally supports all types of claims processing systems and handles non-claims payment streams. By using the functionality in ClearCycle's software, some of our clients have achieved the following:
- ROI Savings - " Up to 521% Return on Investment"
- Initial Investment Pay-Back - " System Pay-Back in less than 6 months"
- Operational Cost Savings - " Millions of Dollars Saved Annually"
- Cost Reductions - " Reduced Print Fullfillment costs by 35%"
- Operational Efficiencies - " Consolidated 5 data sources into one workstream"
- Regulatory Compliance - " Automatically administers Audit and State and Federal regulations"
- Payment Scheduling
- Prompt Pay Support
- Self-funded Client Credit Control
- ACH solution
- Reduce payment costs
- Optimize cash flow
- Increase management control
- Transaction Combining – health insurance claims, pharmacy, and vendor payments
- Unlimited Bank Accounts
- Operation Effectiveness
- Print Output Formatting
- Electronic Payments & Data
- Overpayment Recoveries (with 50 state regulatory compliance)
- Self-funded Client Billing (ASO, IF, Cost+, etc.)
- Client Banking
- Regulatory Compliance
- MLR Rebate functionality
- Capitation payments
- Premium refunds
- Incentive payments
- Broker commissions
- Unearned premium returns
- Merchandise vendor payments
- G&A payments
- Interest underpayments
- Cost Plus Billing
- 835 Solution
- FEP Claims
- Data Searches
- Online cash receipt (returned payments) Suspense
- Full/Partial Reissues
- AR/CR Statements and Adjustments (provider receivables/payables)
- Excellent financial reporting capabilities
For more information, click here to see Success Stories.