All providers - large hospitals, small practices - have the same need: capturing and converting data from Explanation of Benefits (EOBs) accurately and quickly, without increased costs or incessant delays.
Manual EOB entry can create more problems than results. Entering unbelievable volumes of EOB data by hand is time-consuming and leaves ample room for mistakes - what's more, all the payer paperwork is hard to access. And all the hand-entering, managing and moving is a drain on productivity and your bottom line.
BancTec's EOB Processing service helps you accelerate the process, to improve productivity and lower costs. Electronically captured EOB data means you instantly have access to the claim data you need. It gives you unprecedented full life-cycle control of documents. Now it's easy to validate data, accurately balance procedural charges, claim totals and EOB totals, review discrepancies, verify items line by line to match original claims. Let BancTec take care of capturing and converting your EOBs - so you can pay attention to more important and profitable jobs, like discrepancy resolution, and faster payment processing.
- Recognition and extraction of detailed patient information from the EOB
- Fully customized ERA posting file for practice management system
- Online document management system and archive
- Access to original images via web portal
- Patient-level EOB snippets for fast secondary billing
- Automated matching of claims and remit files
- Enhanced denial identification and management tools
- Bridges the gap in terminology differences between payers
- Automates the posting of 100% of the provider’s remittance
- Ad hoc reporting based on any combination of indices on claims or remittances
- Conversion of Remark Codes to ANSI standard responses
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