Expedite payment processing and simplify your accounts receivable administration. Ideal for a variety of businesses, especially those in healthcare.
Take advantage of faster payments processing and maximized cash flow with CNB’s comprehensive lockbox solutions. These solutions will simplify your accounts receivable administration and lower staff costs.
Healthcare Revenue Management
CNB has the prescription to connect your practice to a HIPAA/HiTech compliant online archive. This comprehensive, web-based service provides the conversion of paper EOBs to 835s, ERA consolidation, and payment matching. Take advantage of:
- Processing and image capture of payments and correspondence
- Same day deposit and deposit notification
- Recognition and extraction of detailed patient information from the EOB
- Reconciliation of the remittances to the claim and payments
- EOB data converted to 835 file or other supported file formats
- Extensive, user-friendly online portal to search for claims, remittances and payments
- Online reports for both the provider and/or a billing company
- Secondary billing opportunities
- Denial management tools
- Administrator interface that protects private health information
Wholesale and Retail Lockbox
CNB offers a more sophisticated and flexible solution to your receivables processing. Take advantage of:
- Daily emailed deposit notifications allowing for daily reconciliation
- Payments directed to a CNB managed PO Box
- Reduction in efforts to post payments back to billing system
- Eliminate the task of individuals manually posting payments
- Improved cash flow
- Payments viewed online – no more pushing paper!
Image archive available for research and review
Contact your Relationship Banker to learn more about Lockbox Solutions today.