Applications, proposals, underwriting, administration and change forms, flex reimbursement forms, claims forms, annuity forms, life insurance forms, health insurance forms, auto insurance forms, disability forms, supplemental medical, the administration and settlement of claims - to say the least, the insurance industry is paper-intensive. And each of these tasks involves the review and evaluation of reams of data and documents. Even when a claim is settled, it often results in more paper.
Handling that much paper is labor-intensive and risk-laden, and it's also extremely expensive - from the printing and storage of forms, to the creation, monitoring, processing and archiving of claims, checks and myriad other documents. Agents, producers, brokers, customer service representatives - everyone in the industry - can reduce costs and make better use of their time. Just let BancTec manage all those business processes.
Whether you need help with claims processing, account openings, accounts payable, claims payment, mailroom automation, even converting all that paper stuck in storage, BancTec has solutions unique to the insurance industry to help you:
- Save money by eliminating paper forms
- Get the right information to your agents wherever they're located
- Store policy documents together in a secure format
- Improve customer service by providing instant access to records
- Deliver claims payments electronically
- Provide end-to-end automated accounts payable solutions
We offer Solutions for ...
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- Account Origination - With BancTec Account Origination services, insurance data can be captured more accurately, accounts managed more efficiently and applications approved more quickly.
- AP Automation - BancTec's unparalleled suite of processing tools and solutions can help you better manage your AP function - all while dramatically reducing costs and improving productivity. These AP tools are totally integrated into your ERP or accounting system and require no programming, which in turn results in faster implementation and improved ROI.
- Backfile Conversion - BancTec has thirty years of experience in backfile conversion. We'll help you convert all your policies, insurance claims and payments, premiums, EOBs, fee schedules, payer contracts, HIPAA information, actuarial tables - any and all your insurance-related paper data - into electronic files.
- Claims Processing - When claims processing is a business necessity, BancTec's outstanding technology and tools automate the process - improving collection practices and significantly reducing administrative expenses.
- EOB Processing - 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. BancTec's EOB processing and conversion service helps you accelerate the process, to improve productivity and lower costs.
- 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.
- Inbound Mail Processing - BancTec has a long history of providing solutions that transform mailrooms into digital processing centers for the most mail-intensive operations in the world. Learn what we can do for the insurance industry.
- Image Capture & Archive - Retrieving information from documents can be difficult, expensive and slow. BancTec's document imaging and archiving solutions provide instant access to all your forms and insurance documents for producers, brokers, agents and adjusters - no matter where they are. BancTec has even developed mobile solutions for loss adjusters and risk assessors to capture information remotely.
- Payment Processing - BancTec has enjoyed a leadership position in payment processing solutions and services for more than three decades. Our extensive knowledge base and expertise makes us the perfect partner for payment processing software, hardware, and services - even complete outsourcing.
- 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.
Next Steps:
Locations
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.