Today's healthcare industry generates more than 8 billion claim transactions annually, resulting in $2.7 trillion worth of payments processed through a network of costly channels. Unbelievably, a huge percentage of the processing of these transactions is done manually and on paper - resulting in massive inefficiencies and high-dollar write-offs, estimated to exceed $92 billion each year. A healthcare provider's back-office is typically buried in mountains of claim and payment paperwork. Duplication is rampant, two to three intermediaries handle transactions, payment to providers is always slow - the cost to providers is staggering. At BancTec, we know healthcare. Our decades of experience in technology development help you remove the back-office burden with a strong lineup of superior business process solutions. Offering technology tools designed specifically for the healthcare industry, BancTec can provide solutions designed to:
- Improve efficiency and reduce costs
- Improve collections and increase yields
- Help eliminate write-offs
- Enhance in-process claim visibility
- Improve provider/patient relationships
We offer Solutions for ...
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- Claims Processing - BancTec’s extensive information exchange-platform provides a HIPAA-compliant payment system that converts paper claims to electronic format (837) with transmission directly to the payer's system for faster processing. It also generates easy-to-understand reports, chronicling each transaction and its result - and encompasses both electronic and paper-based transactions.
- Healthcare Remittance Automation - BancTec’s Healthcare Remittance Automation service helps you convert paper-based Explanation of Benefits (EOB) into a HIPAA-compliant digital record — so you instantly accelerate the process, improve productivity and lower costs.
- AP Automation - BancTec’s unparalleled suite of processing tools and solutions can help you better manage AP functions while dramatically reducing costs and improving productivity. These AP tools are totally integrated into your ERP or accounting system and require no programming, resulting in faster implementation and improved ROI.
- Payment Processing - Our extensive knowledge base and expertise makes BancTec the best partner for payment processing software, hardware, services - even complete outsourcing.
- Backfile Conversion - BancTec has thirty years of experience in backfile conversion. We’ll help you turn patient records, healthcare claims and payments, EOBs, fee schedules, payer contracts, HIPAA information—all your documents and healthcare paper data—into electronic files.
- Inbound Mail Processing - BancTec has an impressive history of turning some of the world’s most mail-intensive operations into digital processing centers. Learn what our solutions can do for the healthcare industry.
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Serving several of the world’s most prominent global enterprises, in 50 countries.
1-800-226-2832
Call now, see how our customized solutions fit your business needs, not ours.