Since first offering electronic healthcare administration tools to a small number of providers in 2000, RealMed now services tens of thousands of professionals across the country, changing the way providers, payers and patients exchange healthcare information. Using input and feedback from users, our service has grown into a sophisticated, yet convenient tool.
- 2000 – 2002 - RealMed develops real-time claims adjudication services with five major BlueCross BlueShield plans and provides these services to a modest roster of clients. Being the first company to have real-time claim resolution at the point of care, the Software as a Service (SaaS) web-based application was built with the goal of speeding payments to providers.
- 2002-2003 – RealMed rolls out an all-payer, all transaction portal solution to the provider community.
- 2004-2005 – RealMed recruits payer ownership for capital to expand operations and services, and improves functionality.
- 2005-2006 RealMed grows to 15,000 providers by deploying regional teams that visit physician and billing offices, and creates a Small Business Group for the under ten provider group market.
- Today - RealMed services over 25,000 healthcare providers across the U.S., helping over 3,200 practices and is utilized by over 15,000 users.
- RealMed processes over 70 million claims and 480 million total transactions a year for a total value in excess of $25 billion.
- Over 90% of physician practices use RealMed for all-payer claim submissions and all HIPAA transactions (e.g. eligibility, status, electronic remittance advice, etc).
- Over 92% of claim transactions are sent through RealMed maintained payer direct connects while integrating with over one hundred practice management systems.
- Over 95% of RealMed clients renew each year.