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
- Unify separate administrative and financial events between providers, payers and banks
We offer Solutions for ...
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- Claims Processing - A healthcare provider’s back-office is often buried under the mountains of paperwork it takes to handle and process claims and payments. Duplication of claims is rampant, while payment to the provider is often slow. BancTec has developed claims management tools specifically for the healthcare industry, providing a direct-connect portal between healthcare providers and payers.
- Revenue Cycle Management - Accelerate the process to improve productivity and lower costs, and get unprecedented full life-cycle control to validate data, balance EOB totals, review discrepancies, match original claims and more.
- EOB Processing - BancTec’s EOB processing and conversion 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.
- Account Origination - Our industry expertise enables us to develop a highly efficient process, flexible enough to adapt to individual requirements and process changes.
- 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.
- Image Capture & Archive - Retrieving information from documents can be difficult, expensive and slow, and new regulatory requirements and HIPAA regulations add to the difficulty. BancTec’s document imaging and archiving solutions give your staff instant access to all your documents, leading to better service for your patients.
- 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.
- Forms Processing - We have helped global companies process a wide variety of forms for decades - our expertise has resulted in a highly efficient process, easily adaptable to individual requirements and process changes.
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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.