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Administrative costs consume a large and growing portion of total health expenses in the United States. In part, this reflects the fact that the “business” aspects of health care are complex. But, they are often nowhere near as technically advanced
as the care giving aspects of our health system.
RealMed’s vision is to enable providers, patients and payers to conduct the “business” aspect of their relationship in a paperless, real time or near real time way - using the power of the internet to bring about profound change and advancement in healthcare
administration.
In essence, RealMed seeks to bring to the health care claims arena, the same speed, accuracy and instant information that we have all come to expect from the banking and financial management arenas.
Now, with the advent of Consumer Directed Health Plans, RealMed has begun to play a key role in integrating the banking transactions involved in HSA, HRA and FSA accounts with the claims payment functions of payers – all with the goal of making it easier for patients to satisfy the increasing share of care costs they bear and ease the collection burden on providers.
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