The Patient Lock Box Service connects three powerful entities:

• A financial institution
• The HDX^® EDI network
• The customer network or a patient accounting system

While each of these entities provides a specific function, in combination their efforts deliver a powerful patient payment posting solution for healthcare institutions.

 

Automating the remittance process — Through automation and integration with patient accounting, the Patient Lock Box Service can help you significantly reduce the manual task of patient payment processing.

Save Time and Increase Accuracy — With its automated approach, this service virtually eliminates the time consuming steps of manual posting. Tasks such as photocopying, batching, coding, keying, and checking error reports are all replaced with a streamlined chain of automated steps that improve accuracy and speed cash flow. As a result, the Lock Box Service can help providers to:

• Reduce the costs of remittance processing
• Improve cash flow because deposits post overnight 

The Lock Box Service can help you enable maximum efficiency through integration and automation, resulting in increased collections completed at a lower overall cost.