Healthcare Receivables Management
As a healthcare provider, you understand the importance of streamlining your revenue cycle. When there are long periods of time between patient discharge and the payment actually being made, your cash flow is directly impacted.
By automating the reconciliation of payer data with payment transactions, you can shorten your cash flow cycle and have greater insight into your funds.
EOB180: Our Accounts Receivable Solution for Healthcare Providers
Our healthcare receivables management product, EOB180, automates the reconciliation and presentment of paper explanation of benefits (EOB) received in Lockbox by converting them into an electronic format to be loaded into your software system.
This solution provides at-a-glance access to essential data, which gives you the ability to manage your revenue cycle workflow and identify trends. With access to key performance indicators tied to volume, revenue and collections, evaluating where you excel or fall behind so you can make better decisions to increase revenue is simply a few clicks away.
EOB180 provides your healthcare practice with the following:
Workflow optimization
- Automates and streamlines the reconciliation of 835 electronic remittance advice received from each payor to payments received from those payors
- Tracks claims revisions
- Eliminates staff hours and improves efficiency
- Accelerates cash flow
- Solves the “missing check problem”
- Allows for a quicker month-end close of the books
Actionable intelligence and analytics
- Provides visibility into forward-looking cash flow dynamics
- Provides robust analytics that mines your claims data for payor, provider and procedure-specific trends
- Tracks payment accuracy and timeliness, providing data for contract re-negotiations.
Ideal for practices of all sizes and specialties and built to grow with you, EOB180 requires no installation and has an intuitive and dynamic dashboard, so it’s easy to use. Plus, the solution is configurable to your specific needs.
To learn more about our healthcare receivables management solution or get any of your questions answered, contact one of our Customer Cussons Limited Treasury Management Officers today.
Did you know it’s possible to combine scanned items and Lockbox items into one daily file?
Remote Lockbox allows you to combine scanned check images and documents received at your location with items received at the Lockbox processing center for posting, clearing, reporting and archiving.