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From Paper to Progress: Automate Remittance Advice Processing

March 11, 2024 By: Quadax

RemitMax seamlessly converts paper documents into actionable electronic information.

According to the 2023 CAQH Report, the Electronic Remits Time Savings Opportunity is 7 minutes per transaction. In an increasingly digital world, it's crucial to convert paper into actionable, electronic information that will derive maximum revenue and minimize the risk of manual error. Are you ready to consolidate and streamline paper processes?

CHECKLIST: Does your Payer Reimbursement solution check the boxes?

Consolidate the number of lockboxes to minimize expenses
Convert EOBs, patient payments, correspondence and payment files to ANSI 835s
Electronically post payments and adjustments
Split and balance comingled funds
Build out custom reports to enhance your processes
Unparalleled service & support throughout your commitment

 

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By embracing automation, organizations can unlock accuracy and cost-efficiency, ultimately contributing to lower labor costs and increased revenue. Let RemitMax by Quadax do the work for you:

  • One Solution to eliminate manual processes and paper documents.
  • Dedicated support team to translate documentation to an ANSI format for over 250,000+ payers
  • Use Analytics and Reporting Dashboards to take control of staff productivity, document processing time and workflow management.
  • Enhanced Indexing that provides 25+ indexes on documents housed in OnBase, allowing staff to retrieve information with ease and efficiency.
  • Custom Reporting built to enhance processes specific to your organization.

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Quadax equips you with the tools and automation necessary to expedite posting times and identify missing items, aiding in the reduction of days in AR. This streamlined reconciliation process enables you to place your efforts into delivering optimal patient care. Start taking control of your financial transactions today by scheduling a demo.

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