Features
F&M’s Medical Lockbox (MedBanc) - is an extension to our standard image lockbox for medical providers. The system provides you with a total digital environment via a consolidated financial web portal where all payment information and related document images are stored. Your electronic payment data is archived along with any imaged documents, check images and/or ACH payment information for a period of seven years.
SingleVIEW methodology in viewing information is provided to keep your finance group in sync with processed work, and by simply transmitting your 837 files we are able to balance and reconcile received payments back to the original claim. Business logic rules by payer are built into the system so that the exceptions are minimized or eliminated altogether.
The MedBanc model serves as the core for all your financial transactions. Administration efficiency is increased by minimizing paper claim handling. By enabling rich, real-time electronic exchange with payers, providers and other key trading partners, we can accelerate payments and lower transaction costs.
Benefits
- SingleSOURCE - Integrated Lockbox Banking and Healthcare Revenue Cycle Service
- SingleDAY - In by 5 p.m. and delivered back by 8:00 a.m. next day. (15 hours processing window for ERA’s, Paper EOB’s and Patient Pays along with Secondary & Denial Processing) (Best in Industry)
- SingleVIEW Methodology - 837/ERA or Paper EOB/Check or ACH on one screen
- SingleSTREAM - Secondary processing
- SingleCODE - Denial Translation Table for Payer with unique denial codes
- SinglePOST – Ability to provide common file structure for auto-posting for thousands of Payers
- SingleRULE - Business Rule Methodology applied by payer to reduce kick-outs
- SingleIMAGE – All data is stored for seven years and also available for export to any EDM or DVD only service.
- SingleSEARCH – Detail search engine to find information with a single click.
- SingleEXPORT – Ability to export all files to either EXCEL, WORD, or CSV format with a single click.
- SingleFLOW –Integrated Workflow for Secondary and Denial processing to increase productivity
- SingleASSOCIATION – Ability to re-associate ACH/CHECK to ERA/Paper EOB arriving at different dates with original deposit date.
- SingleERA – Ability to reduce ERA kick out by scrubbing the file before posting
- Single5010 – 5010 compliant and capable of providing back-ward compatibility
For more information contact treasury management services at (214) 780-2025.
See
Account Rules and Regulations