The healthcare revenue cycle is long and tedious – requiring multiple steps for healthcare providers. The complexity of this process builds a strong case for RemitStream® Healthcare Lockbox services from Fiserv, which simplify and expedite every step of the collection cycle.
The healthcare industry is under intense pressure to reduce costs while improving the quality of care. Overloaded with payments-related paperwork, providers are looking to increase automation and improve the performance of their revenue cycles. With RemitStream Healthcare Lockbox from Fiserv, your financial institution enables providers to post accounts receivable automatically and balance payments to the original claim more quickly than ever.
Our advanced solution handles both patient payments and complex explanation of benefits (EOB) payments and documents with efficiency. Healthcare providers can get paid more quickly, collect all the money that is owed, reduce errors and write-offs and reduce administrative costs. The time saved can be redirected to delivering quality patient care.