Tesia Clearinghouse, LLC becomes subsidiary of Renaissance Electronic Services
Company looks to expand real-time claims processing capabilities
INDIANAPOLIS, Dec. 6, 2012 /PRNewswire/ -- Renaissance Electronic Services (RES), part of the Renaissance Health Service Corporation (RHSC) family of companies, announces that Tesia Clearinghouse, LLC, one of the largest dental clearinghouses in the country and a leader in real-time claims processing, is now a subsidiary of the company. Tesia will continue to operate under its current name.
RES was created as a holding company to integrate other companies within each area of the electronic claims industry and provide a single partner with dental offices. In doing this, the company is able to provide complete and seamless claims transactions to its customers.
Handling more than 35 million claims annually, Tesia has seen its volume triple over the past five years. Much of that growth can be attributed to its extensive range of electronic services and advanced connectivity across the industry.
"Tesia has been a leader in connecting insurance companies with thousands of dental offices across the country," said Eric Kirnbauer, COO of Tesia Clearinghouse. "We've helped our customers streamline their claims handling process and significantly reduce costs for them across the board."
Yet, according to Kirnbauer, even in today's world, a claim processed in real-time still results in a paper check for the provider and/or a mailed statement to the patient weeks later.
"We're looking to change this," he stated. "As a subsidiary of RES, our combined efforts will be able to lead the next generation in claims processing. Soon, a patient will know what their payment is even before they leave the dental office without the hassle of a statement later on and the dental provider will receive payments automatically with a standardized posting report. This will result in better efficiencies and cost savings for all involved."
The Renaissance family of companies began working with Tesia in 2004 utilizing its exclusive real-time claims processing services. Now, Tesia's focus to improve these processes within the dental industry will become even more of a priority.
"For many benefit providers, dental is just an ancillary service line and typically receives limited attention," said Laura Czelada, CEO of RHSC. "For Renaissance, it's not just another service line – it is the service line. This singular focus, along with our passion to improve the oral health of our community, has defined our organization for more than 50 years. Tesia will be an integral part of our efforts to achieve higher efficiency and lower costs for our customers through all of our electronic transactions."
Renaissance Health Service Corporation (RHSC) is the parent organization for a family of companies that are leaders in dental insurance. RHSC companies are among the largest and oldest group of dental benefit providers in the United States, covering 10.4 million people and paying out $2.5 billion in dental benefits in 2011.
Currently, the companies employ nearly 1,000 people, who are located in Indianapolis, Indiana; Sherwood and Little Rock, Arkansas; Louisville, Kentucky; Okemos and Farmington Hills, Michigan; Albuquerque, New Mexico; Raleigh and Charlotte, North Carolina; Columbus and Cleveland, Ohio; and Nashville, Knoxville, and Memphis, Tennessee.
SOURCE Renaissance Health Service Corporation
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