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ECHO Health Inc. was formed in 1997 to provide financial services for insurance companies and third party administrators. After processing insurance claims from physicians and hospitals for years, owner and CEO William H. Davis designed ECHO Health Inc. (Electronic Commerce for Healthcare Organizations) to enable health insurance companies to consolidate payments, lower their processing costs, and to provide them with a much more efficient method of payment processing. We met with Mr. Davis recently and listened as he outlined the services ECHO Health Inc. provides;
ECHO Health Inc. specializes in creating a more efficient payment process for health insurance companies. Most health insurance companies issue a separate check to the health care provider for every service rendered, and will send a separate notice (EOB) for each service to the insured claimant. We process those multiple checks into one composite check or electronic payment in a standardized format for each provider, thereby reducing the provider's load of paper work and making the transaction much easier to process. Likewise, we aggregate multiple EOBs into one monthly family EOB that details how each of your health care providers is paid and your obligations to each of those providers. Rather than the insured receiving an EOB for each service or visit to the doctor, they receive only one document per month summarizing all of their medical insurance claim activity.
By seeking to simplify rather than complicate the insurance process, we focus on finding easier ways to handle health insurance claims and payments. Our services are paid for by the insurances companies from the savings that accrue due to the consolidation of their billing process. The medical community benefits from more concise, easier-to-track payments of claims, and the individuals insured appreciate the substantially reduced paperwork and how easy it is to track their claims.
ECHO Health Inc. cuts through the jungle of paperwork bringing simplicity and ease of understanding to health care providers and policy holders alike. Encourage your health insurance provider to consider the services of ECHO Health Inc. and don't forget to tell them that The Advocate sent you!
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