• Benefit from payment acceleration: improve cash flow, reduce A/R days and borrowing needs
• Receive interest payments from the ending service date until the claim payment date
• Receive quarterly claims payment reports
• Enjoy access to high-yield investments
• Expand opportunities for patient utilization by participating in a large National Provider Network

What types of payors do you work with?

Insurance Companies, TPAs and Self Administered Employer Groups.

How will I know that my claims are being paid under the FedMed program?

All explanation of payments from our participating payors will state that the claim is being paid under the FedMed program.

How quickly are claims paid?

88% of claims are paid within 30 days from the date of service. In addition, interest is paid on all claims processed through the Accelerated Payment Program from the date of service until the payment date.

How much is the interest payment?

FedMed pays interest at a 5.1% annual rate. A lump sum interest payment is mailed quarterly along with an itemization of claims paid for the previous quarter.

How will I know how quickly my claims are being paid?

Included with the interest payments that FedMed issues to providers on a quarterly basis, is a detailed report which lists each claim and when it was paid.

How do I submit claims?

There is no change to your current process. Claims should be submitted to the payors in accordance with your usual submission process.

How do I get reimbursement rates for additional procedures?

Simply call our Provider Relations/Customer Service Department at (866 ) 255-2265

Are reimbursement rates negotiable?

FedMed prefers to use the rates provided in the sample, however, we will consider increasing rates in certain cases. Please call the Provider Relations/Customer Service Department at (866) 255-2265 and we will review your request.

How do I add a new provider to our group?

Please call the Provider Relations/Customer Service Department at (866) 255-2265 and we will review your request.

What do I do when a claim is processed incorrectly?

Contact the payor listed on the back of the patient’s identification card. The payor may, if necessary, instruct you to contact FedMed Provider Relations/Customer Service Department at (866) 255-2265.