EOB Conversion

The solution for standardizing remittances from any source

A component of Payment Management, CareMedic's EOB Conversion provides the tools and resources to efficiently convert remittance advice data from paper to electronic format for complete, accurate, automated posting readiness. It eliminates paper storage and access problems, improves accuracy and reporting, and increases staff efficiency.

Our process includes multiple levels of reconciliation to ensure that:

• EOB batches balance to the appropriate bank deposit total or balance provided at scan time
• Each batch's checks balance to the batch total
• Claim payment line items balance to the claim total
• Each EOB's claims balance to the EOB and check totals

Through Payment Management, EOB Conversion provides cash flow reporting, including lockbox deposit reporting by payer and EOB batch status in reports that are easy to read and understand.

• Frees staff for other activities by eliminating manual posting
• Reduces errors
• Improves cash flow by expediting secondary and tertiary claim submission
• Enhances denial management by converting payer-specific denial and reason codes to the ANSI standard codes
• Advances denial management by capturing line item denial information not typically obtained through manual posting
• Eliminates paper EOB storage problems 
   

It's all in the Network

Payment Management 
Remittance Viewing
Remittance Posting
Remittance Reporting
Patient Statements and Portal

For more information, contact us via the Web or call us at 1-800-508-8494.