Billerica, MA (PRWEB) June 23, 2014
Orbograph, a premier supplier of electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions for the U.S. check processing market, announced today that the Healthcare Payment Automation Center (HPAC) is successfully running ACH Reassociation to ERA (electronic remittance advices) using NACHA (National Automated Clearing House Association) CCD+ Addenda data with TRN Reassociation trace numbers, enabling transformation of healthcare payment reconciliation processes.
Today’s healthcare payment reconciliation is typically a manual process for healthcare providers as payments evolve from checks and EOBs to ACH and EDI 835 ERAs. The complexity of reconciliation is due to:
HPAC normalizes EDI payment transaction data from both EDI 835 files and EOB (explanation of benefits) forms to streamline posting into practice management/billing systems, as well as automatically matching any source remittance data with ACH trace numbers. This matching process enables healthcare providers to automatically reconcile payments to remittance transactions, streamlining daily and month-end reconciliation.
“Through rigorous, internal testing and a successful field deployment at a large New York hospital, Orbograph has proven the HPAC solution can transform the healthcare payment reconciliation process,” stated Barry Cohen, Co-President of Orbograph.
“The cloud-based HPAC solution is accessible to any healthcare provider, biller, clearinghouse or remittance payment workflow,” stated Joe J. Gregory, Vice President of Marketing at Orbograph. “Ease of access enables providers to move quickly and effectively toward electronic payments and reconciliation.”
Orbograph (http://www.orbograph.com), a subsidiary of Orbotech, is a premier supplier of electronic/paper automation solutions in healthcare revenue cycle management (RCM), recognition software for the U.S. check and lockbox processing markets. Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. The Orbograph Healthcare Payments Automation Center (HPAC) is a cloud-based platform which enables payment transformation by converting paper-based correspondence and EOBs, normalizes ANSI X12 EDI 835 remittances and reconciles EFT/ACH payments to ERAs via reassociation. HPAC automates posting of receivables into practice management systems, achieving straight-through processing levels of efficiency.
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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at http://www.orbograph.com.