Paper Remittance Management: EOB Conversion with Payer Lockbox
Easily Manage and Convert Paper Remits and Checks
In today’s busy healthcare environment, you can’t afford to spend hours each week processing paper checks and EOBs from payers. Manual tasks such as scanning paper checks as well as managing paper remits and correspondence takes time away from staff members who could be working on higher-value tasks. That’s why ZirMed offers EOB Conversion and Payer Lockbox solutions.
Streamline EOB Conversion and Workflow
The ZirMed EOB Conversion solution quickly translates your paper EOBs into an electronic 835 format, making it easy to create a streamlined workflow for all EOBs in one system. ZirMed’s EOB Conversion also standardizes information, allowing you to process paper files electronically. Once paper EOBs are converted, you can auto-post and match them to their claims.
Automate Paper Remittance Management
Managing paper remits has never been so simple. ZirMed’s Payer Lockbox solution helps you automatically convert paper remits and deposit paper checks into your bank account as an EFT transaction. Payments are electronically deposited into your accounts in fewer than two business days. All paper-based payer correspondence is scanned, saved, and indexed so you can reconcile individual checks to their converted payments. Easy-to-use reporting helps with the reconciliation process, and individual checks can be used for reconciliation research.
Easily Manage Paper-Based Payments
ZirMed’s EOB Conversion and Payer Lockbox solutions provide a fast, easy, and accurate way to manage paper-based payments.
Step 1: DIGITIZE DEPOSITS
- Route mail from payers to a dedicated digital lockbox
- Image and index all correspondence, checks, statement stubs, and remittance advice
- Transform checks into EFT transactions and deposit into bank accounts
Step 2: CONVERT AND MAP
- Convert paper remittance advice into electronic transactions (835s)
- Match newly-digital ERAs and payments to check deposits and claims for payer payments
Step 3: AUTOMATE WORKFLOWS
- Obtain postable (converted 835) files for payer payments to import into your HIS or practice management system
- Automatically reconcile and post payments
- Easily search for individual ERAs, deposits, and dates
By design, ZirMed’s revenue cycle management platform enables creators of healthcare technology solutions to seamlessly and easily incorporate our HIPAA and PCI-compliant applications and transactions into your software solutions. Using ZirMed’s integration capabilities, organizations seeking a traditional approach of exchanging EDI transactions may transmit and receive a variety of claims, payments, eligibility inquiries, and other healthcare transactions using established technologies and methods such as X12 files, APIs, Flat Files, FTP, Encryption (i.e. PGP), and more. You’ll have confidence knowing that your exchanges are occurring securely, in compliance with all regulatory guidelines, and utilizing existing technological capabilities.