[December 13, 2006] Cut Claims Transaction Fees in Half with Legacy's New AdminisTEP Pricing Tweet PLANO, Texas --(Business Wire)-- Legacy Consulting Services today announced a new pricing model that greatly reduces the electronic transaction fees that payors incur for claims submissions and payments. Under the new pricing model, users of Legacy's AdminisTEP transaction exchange portal (TEP) will pay a single fee for an incoming claims submission and its outgoing claims payment. Included within the transaction fee is the use of AdminisTEP's online capabilities to manage claims, payor's revenue cycles, and facilitate improved provider communications. "Under AdminisTEP's new pricing model, payors get the benefit of electronic claims remittance and management capabilities for the same cost or less than they're currently paying just for claims submissions," said Daren Donnelson, CEO of Legacy. "And while reducing their transaction costs, AdminisTEP provides an online portal that a payor's network providers can use to submit claims, check claims status and manage revenue, which further reduces the payor's operational costs." Under the new pricing model, a single transaction fee is charged for an inbound claim submission (known as an 837 transaction) and the explanation of payments (known as 835 transactions) that are related to the inbound claim. Additionally, access to the AdminisTEP online portal is included in the fees. Legacy's AdminisTEP is a transaction exchange portal that extends the functionality of payor host systems and resolves HIPAA-compliance translation issues. AdminisTEP bridges the gap between providers and payors by directly connecting them with each other for transaction exchanges. In addition, AdminisTEP streamlines operations with a robust set of tools so payors instantly know the status of outgoing payments, as well as incoming premium payments. For more information about AdminisTEP, visit www.administep.com. About Legacy Consulting Services Legacy Consulting Services is a leading healthcare information technology services firm offering IT solutions suited for the global healthcare enterprise. Legacy Consulting enables its clients to harness the power of technology by aligning IT strategies with healthcare business objectives. Find additional information about Legacy Consulting at www.legacyconsulting.net or by contacting [email protected] or 1-888-751-3271. [ Back To TMCnet.com's Homepage ]