TELCOR RCM can streamline cash posting through the support of unlimited number 5010 835 remittances from payers. The 835 remittance files are processed automatically and displayed in summary and detail for user verification. All remittance is posted at the service line ensuring adjudication of each transaction with metrics for statistical analysis by management.
It also takes workflow efficiency a step further with rules to process the claim to the next action automatically. Payer remittance also streamlines payer payment adjustments, interest and refunds.
Lockbox integrations are supported to automatically post payments from clients and patients deposited at your bank. iLabBill® Client and iLabBill® Account allow clients and patients pay to securely through web portals which then automatically post into TELCOR RCM.
Credit card processing from portals, or within the application is supported, streamlining credit card authorization. Payments prior to service can be entered with automatic adjudication when transactions are posted.
These tools to streamline cash posting not only reduce labor and improve collections but they post payments as soon as they are received. With real-time analytics, you always know the current state of your cash and AR.