Resources
April 8, 2025
Stop Wasting $9 on Every Claim Status Check
Han Jing, CEO @ IrisMed

Stop Wasting $9 on Every Claim Status Check

Healthcare is an incredibly fast-paced world, meaning time is money—and nowhere is that more apparent than in the revenue cycle. One of the most overlooked yet incredibly costly parts of that cycle? Manual claim status inquiries.

According to recent data, each manual claim status check takes an average of 19 minutes and costs providers $9.37. Multiply that by the 238 million inquiries made in 2020 alone, and that number is quite staggering. This leaves us with two critical questions: Why is this still happening, and what’s the smarter alternative?

Manual Claim Status Checks

Many providers still rely on outdated methods like phone, email, and even fax to check the status of insurance claims. While these methods might seem familiar and easy to use, they come with major downsides.

There are limited inquiries per call from most payers, time-consuming follow-ups, and frustrated staff. What you’re left with is a slow, error-prone, and expensive process that drains resources and delays reimbursements.

As the healthcare industry tights its belt, optometry, dental, and other medical practice managers are under increasing pressure to reduce costs and improve cash flow. Manual workflows simply don’t cut it anymore.

Practices that continue using manual claim status checks are missing out on faster reimbursement cycles, cleaner claims through real-time error directions, and increased staff productivity by freeing up time for higher-value tasks. 

Missing out on these benefits means missing out on stronger financial performance across the board. The solution is simple: automating claim status inquiries. AI-powered tools that can automatically track the status of claims in real time—no phone calls or faxes needed.

Efficient Solution for Manual Claim Status Checks

Seamless integration of AI-powered tools into your existing workflows helps eliminate 19-minute manual checks, save thousands annually per provider, and stay compliant with payer rules and updates.

The difference between manual checks and automated solutions is that AI-powered systems never sleep. You get updates around the clock and ensure that no claim falls through the cracks.

Every claim status check you manually makes costs you time and money. It’s a small problem that adds up quickly—unless you tackle it with smarter technology.

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FAQs

We've compiled some of the most common questions practices like yours ask about the IrisMed. If you don't find the answers you're looking for here, please don't hesitate to contact us – we're always happy to discuss how IrisMed can specifically benefit your practice.

Do I have to change my practice management system or software to use IrisMed?

No. IrisMed is designed to be compatible with all major practice management systems. Our software seamlessly integrates with your existing setup, requiring no disruptive changes to your current workflow. We also offer white-gloved implementation and support if needed.

How much does IrisMed cost?

IrisMed offers flexible pricing models tailored to the size and needs of your practice. Contact us for a customized quote based on your clinic’s volume and workflow requirements.

Will IrisMed replace my existing staff members?

No. IrisMed is designed to augment and empower your existing team, not replace them. By automating tedious and complex tasks around insurance and quoting, IrisMed frees up your staff to focus on what matters most: providing exceptional patient experience and growing your practice.

My practice management system already has insurance and inventory features. Why do I need IrisMed?

IrisMed acts as a specialized enhancement for your optical sales, tackling complex vision plan details in a way most general PMS insurance features don't. IrisMed instantly deciphers intricate insurance benefits for specific lenses, coatings, and frames, providing precise patient out-of-pocket costs. More importantly, it helps your team uncover often-missed sales opportunities - like premium upgrades or second-pair allowances - right at the point of sale. Think of it as the tool that ensures your dispensary maximizes optical revenue and minimizes quoting errors where your PMS's broader features might not specialize.

How secure is my data with IrisMed?

We understand the critical importance of data security and patient privacy. IrisMed employs robust security measures, including end-to-end encryption and strict access controls, to safeguard all sensitive practice and patient information. We are HIPAA compliant and committed to staying up-to-date with the latest security standards and best practices in the industry to ensure your data is always protected.

How do I get started with IrisMed?

Getting started is easy! Contact us today to schedule a personalized demo. We'll show you how IrisMed works, answer all your questions, and demonstrate how our AI-powered platform can transform your practice's revenue cycle.