ClearContracts™ EOB Pro for Enhanced Receivables Management
Healthcare organizations know the volume of paper associated with handling and processing paper based payments (EOBs) from payers. The way data is created, stored and shared with providers has limited their ability to efficiently process payment information. Paper-based processes, manual data entry, and isolated information systems hamper workflow. What if the overwhelming volume of Explanation of Benefit forms you receive every day could be efficiently processed at lower cost?
“In less than 4 months, $1.37 million of underpayments had been appealed and $1.24 million of that actually collected. I have every reason to believe that we can increase revenues by $3-6 million annually using Concuity’s solution.”
—Mike Butler Chief Financial Officer, Providence Health System
ClearContracts™ EOB Pro is an intelligent data capture system that can quickly turn paper remittances into standard 835s via scanning and OCR output. Additionally, to further streamline processes EOB Pro can retrieve, consolidate and standardize electronic remittances from multiple payers into 835s. Designed to address the needs of healthcare providers, the ClearContracts™ EOB Pro system extracts all data necessary for applying cash to patient accounts, and importing into our ClearContracts system for contract underpayment and denials management.
Through this data conversion and remittance standardization process, various paper and/or electronic remittances are consolidated into a single stream of data that will:
- Eliminate time-consuming manual data entry and re-entry which introduces opportunities for error
- Enhance your ability to identify denied, delayed, and inaccurate reimbursements through ClearContracts™
- Enhance your ability to recover lost revenue through ClearContracts™
- Provide image and data archive capabilities
