by Christine Woolstenhulme, QCC, QMCS, CPC, CMRS
July 31st, 2014
We all know how time consuming and costly COB (Coordination of Benefits) can be to a practice. February 2014, CAQH launched a new plan called COB Smart Registry. This will help expand the communication between health care plans and providers. Joining with some Major Health Plans CAQH has come up with a solution to Improve Healthcare Claims Processes.
I am eager to see this in action, I can see where this can significantly streamline data exchange. The goal is to improve office processes as well as give timely and reliable coordination of benefits. COB Smart will be used to identify patients with more than one plan and determine who should process the claims as primary. The intent is to process healthcare payments with more accuracy, reduce paper work and increase cash flow reducing inefficiencies. COB Smart is currently line in 15 states with the remainder of the country to go line during 2014.
WASHINGTON, DC – February 19, 2014 – CAQH® and a number of major health plans today announced the launch of COB Smart™, a national coordination of benefits (COB) registry that enables providers and health plans to identify individuals with multiple forms of coverage before care is delivered. As a result, COB claims can be processed correctly the first time. The registry is already identifying COB for more than 100 million patients. I hope to see all health plans adopt this solution.
For more information about COB Smart please visit www.caqh.org.