Tesia Clearinghouse, Llc

Description

• Tesia works with insurance companies to process transactions electronically and to maximize adoption rates by creating more valuable transactions for dental offices. Tesia was acquired by Renaissance Electronic Services (RES) in 2008. Its operations were located in Long Island, NY and have since been consolidated into the RES campuses in Indianapolis. Tesia began operations in 1991 and was the original pioneer of real-time claim processing. Real-time claim processing is where an office submits a claim and receives the adjudicated results within seconds. Insurance companies with real-time claim processing receive an average of 12% more of their claims electronically. The insurance company lowers its processing costs and the office benefits with a higher quality transaction enabling them to collect from the patient at the time of service. Tesia developed two proprietary technologies to enable this service. The first was a modified credit card terminal that allowed an office to submit a real-time claim. The second was a customized terminal emulation process that logged into their system like a claims examiner and entered the claim. The results were then translated into a standardized explanation of benefits and returned to the office. The predominate use of practice management systems to create claims made the need for the modified terminal obsolete and accordingly, was phased out in 2012. The terminal emulation technology is still be used today to enable insurance companies to process claims in real-time without having to upgrade their processing system. This process is also being used to create a more valuable benefit and claim status transaction.When acquired, Tesia was processing 10 million claims annually with revenue of $2.5 million. In 2015, Tesia will process over 65 million claims with revenue of $16 million. It is the second largest dental clearinghouse and largest processor of real-time dental claims.
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  Headquarters:1540 West Edgewood Avenue , Indianapolis, Indiana, United States

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  Phone Number: +1 800-724-7240

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  Website: https://www.tesia.com

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  Employees:9

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  Revenue:$1 - 10M

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  Legal Name:Tesia Clearinghouse, Llc

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• |  NAICS Code: 524210  |

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