A joint press release issued today by Medical Mutual of Ohio (MMO) and Intuit says that almost 70 percent of Ohioans are concerned about their ability to manage medical bills for themselves and their families. To address this statistic, MMO has become the nation’s first health plan to offer Quicken Health Expense Trackersm with bill pay which is intended to make medical bills more understandable and easier to pay.
The new service is being made available at no charge to members through the Medical Mutual of Ohio Web site.
According to the release, Quicken Health Expense Tracker from Intuit Inc. (Nasdaq:INTU) automatically retrieves, organizes, and explains claim and billing information in a way that clearly shows members what they owe and why. It is also said to replace medical jargon and codes with easily understood language, shows the calculations behind the balance due, and enables electronic payment of medical bills – all in one place.
Patients are able to send payments anytime, from any computer, using any debit or credit card, flexible spending account or health savings account. To pay their doctor, patients simply review the information in Quicken Health Expense Tracker and click the “Pay Now” button, eliminating the need to match and reconcile different paper bills and explanation of benefits.
The press release further notes that Quicken Health Expense Tracker is beneficial to medical providers allowing them to collect payments faster with less effort, reduce patient phone calls with questions about bills, and decrease the paperwork and costs associated with follow up reminders.
Quicken Health Expense Tracker was developed by Intuit and Ingenix, a UnitedHealth Group health information solutions company. Ingenix played a key role in designing the connectivity between the product and enrollees’ health information. To learn more about Quicken Health Expense Tracker, please visit www.quickenhealth.com.