BancTec Shares Tips on Maximizing Healthcare Payment Automation at 2011 Revenue Cycle Summit

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Global BPO leader shows hospitals, physicians and financial institutions how they can leverage automation and outsourcing to transform the remittance process.

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Arvella Hill, healthcare business analyst for BancTec, will speak at the Revenue Cycle Summit this week in Orlando.

More than half of U.S. healthcare transactions are still paper-based. This represents a costly and time-consuming challenge for healthcare providers, billing companies and the banks serving providers today.

BancTec, a global leader in business process outsourcing (BPO) and transaction automation, announced that it will present a session on “Maximizing Healthcare Payment Automation” at the 2011 Revenue Cycle Summit, April 27-29 at the Omni ChampionsGate in Orlando.

BancTec’s 90-minute session, which begins at 2:15 p.m. April 28, will explore the barriers to full healthcare payment process automation and offer cost-effective, simple solutions for overcoming these barriers. Arvella Hill, healthcare business analyst for BancTec, will lead the presentation.

“More than half of U.S. healthcare transactions are still paper-based; additionally, there’s a processing lag if the payment is paper and the remittance electronic,” Hill said. “This represents one of the most costly and time-consuming challenges facing healthcare providers, billing companies and banks serving providers today.”

HIMSS and Healthcare Finance News have partnered to present the 2011 Revenue Cycle Summit, a unique learning and leadership forum. The event is exclusively for CFOs and senior IT executives to explore compliance-centric issues, case studies and product solutions.

For more information on “Maximizing Healthcare Payment Automation,” download the BancTec white paper.

About BancTec

BancTec is a global leader in business process outsourcing (BPO) and transaction automation for the most demanding business challenges. Headquartered in Dallas with clients in 50 countries, BancTec applies specialized technology and industry-specific expertise to transform business processes for organizations in the financial services, insurance, healthcare, utility, transportation and government sectors. The company operates 19 BPO centers in the United States and worldwide, leveraging a common technology platform to ensure reliability, security, and consistently high levels of performance. To learn more, visit http://www.banctec.com or call 1-800-BANCTEC.

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