Today's healthcare industry is vast and complex, with more than eight billion claim transactions generated by healthcare providers annually, resulting in $2.7 trillion worth of payments processed through a costly, complicated network. Worse still, a huge percentage of the processing of these transactions is still done on paper, manually, resulting in massive inefficiencies - with high-dollar write-offs estimated to exceed a staggering $92 billion each year.

A healthcare provider's back-office is typically buried in claims and payment paperwork. Often, fee schedules and payer contracts are difficult to interpret, duplication of claims is rampant, intermediaries handle many transactions before payers process them and payment to providers is always slow.

BancTec removes the burden of a provider's back-office payment processing with BancTec's RemitCycle 360™, a superior business process outsourcing service.  RemitCycle 360 provides a unified view into patient payments, insurance payments and deposits with reporting and data analytics. RemitCycle 360 is designed to:

• Improve efficiency and reduce costs
• Improve collections and increase yields
• Eliminate write-offs
• Enhance in-process claim visibility
• Improve provider and patient relationships