Industries / Healthcare
Healthcare
> Processing EOBs and Premiums
“RemitTrac® has dramatically reduced the
costs of processing paper EOBs and enabled us to offer a much better service
to our healthcare customers”
Texas Bank
> Overview
You’re all too familiar with the overwhelming volume of Explanation
of Benefit (EOB) forms you get every day. A paper EOB can comprise hundreds
of pages – and often includes data for multiple patients, linked to
a single payment. To further complicate matters, each health plan and insurance
company has its own EOB, often with custom specifications. It’s a
nightmare that typically involves a lot of manual processing. RemitTrac®
for Healthcare uses imaging, industry-leading recognition engines, and proprietary
intelligent workflow automation to dramatically improve the accuracy
and efficiency of EOB processing, accelerate cash availability,
and provide you with ANSI 835 files for posting.
Benefits
- 300-400% increase in operator productivity as compared to manual data entry
- Reduced posting errors and delays and 835 ERA file output
- Better data extraction
- Enhanced cash availability
- Enhanced data for re-billing
- The total amount of each EOB is balanced to the check received.
- Workflow is distributed and managed to maximize personnel effectiveness
- Changes to forms can be done quickly and easily at any processing site. You do not need to wait for and pay a programmer or third-party resource
RemitTrac® for Healthcare Features
- High speed OCR provides accurate data capture and minimizes manual data entry.
- Paper is converted into the electronic ANSI standard 835 Remittance Advice which can easily be posted to most accounts receivable systems.
- Solutions can be configured for a wide variety of EOB processing volumes
- Document Image data can be used for patient records and files
- Solution is HIPAA Compliant
- All data entry can be done cost effectively on-shore because of the efficiency of the system
- Payment information can be submitted in Check 21 compliant form to the paying bank for faster funds availability
- Documents and payments can be captured at remote sites such as physician offices or clinics
- 837 Claims data can be displayed alongside EOB to add missing data and speed up re-billing
If you have a challenge processing paper EOBs in an efficient and timely manner and would like more information please contact us or click here for more information. See also the press release below from 1/4/2006 that describes one of the ways that we can handle your healthcare payment transactions.
ImageScan's RemitTrac® helps Bank of New York win Humana account