EZ-CAP Clients Process 749 Claims per Hour with SymKey Automation

Speedometer on FireThe 2012 SymKey® for EZ-CAP® Productivity Stats are in and five of our clients are averaging over 1,000 claims per hour (CPH)! Overall, HCIM’s SymKey for EZ-CAP clients averaged 749 claims per hour last year. Now that’s smoking fast! Take a look at the 2012 SymKey for EZ-CAP productivity stats below. Highlighted Stats

Overall Averaged 2012 SymKey for EZ-CAP Client Productivity Statistics
Members EZ-CAP
Version
Claims
Touched
Completion
Rate
Claims/
Hour
FTE
  Equivalent*
Salary
Equivalent*
61,886 N/A 300,278 71% 749 6.6 $277,076

 

2012 SymKey for EZ-CAP Client Productivity Statistics
Members EZ-CAP
Version
Claims
Touched
Completion
Rate
Claims/
Hour
FTE
Equivalent
Salary
Equivalent
6,200 6.x 4,818 59% 67 0.5 $22,298
This was a new client that only used SymKey for 3 months in 2012. The FTE/Salary Equivalent was annualized.
9,000 5.x 25,656 20% 746 3.2 $133,628
This was a new client that only used SymKey for 2 months in 2012. The FTE/Salary Equivalent was annualized.
10,000 6.x 15,305 92% 115 0.8 $31,875
This was a new client that only used SymKey for 5 months in 2012. The FTE/Salary Equivalent was annualized.
10,350 5.x 44,821 54% 185 0.9 $38,894
This client doubled their claims touched and increased their claims per hour speed by 131% over the prior year.
11,900 5.x 9,506 44% 864 0.8 $32,996
This was a new client that only used SymKey for 3 months in 2012. The FTE/Salary Equivalent was annualized.
16,800 5.x 47,948 75% 146 1.0 $41,608
With half their 2011 membership, this client increased their claims touched by 24% over the prior year, with a 25% higher completion rate, and processed claims 36% faster.
21,200 5.x 176,448 85% 3,151 3.6 $153,116
This client raised their claims per hour rate by almost 10% over the prior year.
21,700 5.x 31,003 85% 1,240 1.5 $64,568
This was a new client that only used SymKey for 5 months in 2012. The FTE/Salary Equivalent was annualized.
25,000 6.x 209,981 92% 97 5.8 $242,953
This client increased SymKey usage by 182% over the prior year.
40,000 5.x 531,080 40% 829 11.0 $460,855
This client increased their claims touched by 45% over the prior year.
50,000 5.x 271,650 79% 1,113 5.6 $235,729
This client increased their claims per hour speed by 75% over the prior year.
57,500 5.x 333,955 67% 994 6.9 $289,796
This client increased their claims per hour by 55% over the prior year and saved approximately $290,000 in payroll costs with SymKey.
63,000 5.x 20,571 41% 818 0.4 $17,851
This client phased out their usage of EZ-CAP in 2012.
65,000 5.x 3,000,858 75% 2,170 62.0 $2,604,050
This client doubled their claims per hour speed over the prior year.
66,800 6.x 8,664 27% 149 0.2 $10,024
This client only uses the Virtual Auto-Post module.
75,000 6.x 251,937 73% 110 6.9 $291,497
This client increased their claims per hour speed by 36% over the prior year.
76,000 5.x 33,719 84% 1,054 0.7 $29,260
This client’s completion rate increased 16% over the prior year.
106,000 5.x 262,355 49% 231 5.4 $227,663
This client increased their claims per hour speed by 55% over the prior year.
130,000 5.x 248,890 78% 800 5.1 $215,979
This client increased their completion rate by 8% and their claims per hour increased by 20% over the prior year.
139,000 5.x 154,690 12% 116 3.2 $134,235
This client increased their claims per hour speed by 36% over the prior year.
299,150 5.x 621,966 86% 725 12.9 $539,723
This client lost a third of their membership, but increased their claims touched by 75%, which saved an additional 5.5 FTEs over the prior year.

*FTEs based on 150-200 claims/day manually, payroll based on $42,000/year salary.