Michael Alfonsi clears up an old question: What’s the difference between remittance and payment processing?
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Remittance Processing
The BancTec team is in Las Vegas this week, enjoying the HIMSS12 Annual Conference & Exhibition at the Venetian Sands Expo Center!
For healthcare payers and providers, HIMSS12 is an opportunity to find new solutions for tackling the most vexing business challenges. With many looking to outsource demanding back-office processes, BancTec is there to offer smarter outsourcing solutions when it comes to EOB processing, claims processing and medical records management.
BancTec is at Booth #7600, discussing how its Intelligent BPO (iBPO) methodology goes beyond simply outsourcing an existing process. The approach analyzes then optimizes business processes to address the root causes of inefficiency, improving profitability for the long term.
If you’re at HIMSS12, stop by the BancTec booth to meet the team, share your processing pains and discover what iBPO can do for you. You’ll see why we call it the smarter way to outsource.
Not in Vegas? Follow the action with us on Twitter @BancTecInc.
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BancTec’s healthcare business analyst, Arvella Hill, will present an educational session Friday titled “Maximizing Healthcare Payment Automation” at the Healthcare Payments Automation Summit in Orlando, Fla.
Hill will discuss the major challenges that hinder the healthcare industry’s efforts to automate payment processing and offer solutions to achieve full automation.
Arvella Hill, healthcare business analyst for BancTec
“More than half of U.S. healthcare transactions are still paper-based. Additionally, there’s a processing lag if the payment is paper and the remittance electronic,” said Hill. “This represents one of the most costly and time-consuming challenges facing healthcare providers, billing companies and banks serving providers today.”
The session will demonstrate how BPO services can be a viable alternative for providers to improve remittance payment management. Optimizing the process through outsourcing can result in accelerated cash flow, increased recovery rate on denied claims and reductions in back-office expenses.
Learn more by visiting BancTec at Booth #155 during the summit, Jan. 26-28, at the Disney Contemporary Resort.
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