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Claims Clearinghouse: Are Claims Management Companies Worth It?

At Apex EDI, we’re interested in helping you find the best solutions to your medical claims issues, and avoid pitfalls that cost you time and money over the long run. We know that the world of insurance can be confusing and intimidating, so we want to help pull back the curtain a bit on what goes on behind the scenes of filing insurance claims.

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Something we get asked about a lot are the viability of claims management companies, companies that file complaints against financial institutions on behalf of a client. They go after these financial institutions for you for unpaid claims and disatisfaction with service, and promise great large and timely compensations.

These claims companies will do all the work for you. They will represent you to the company that you are filing a complaint against and fight on your behalf for the highest payout possible. They employ professionals who know the ins and outs of how to settle disputes with financial institutions, and may have more insight than you do into the value of your claim.

Financial institutions have an incentive to keep their liability as low as possible, and it can be difficult for a lay individual to catch them in the act or know how to combat them effectively. Hiring a claims management company can help you get the best payout possible. If you choose to use a claims management company, make sure that it is a reliable one. You can vet the company by checking that it is regulated by the Ministry of Justice and a member of a professional body.

Looking for more professional help with claims? Filing insurance claims is our specialty at Apex EDI, and we offer the professional support and high tech features you need to save time and money on processing your medical, dental, or vision claims. Contact us today to learn more about how we help you get the most out of your team and your software by making it easier than ever for you to reduce the number of denied and rejected claims you receive.

Posted in: Claims Clearinghouse

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