Transactional medical banking services have been embraced by a substantial number of financial institutions. Since the largest national banks brought attention and notoriety to the solution by spending tens of millions of dollars to acquire remittance automation vendors, competing banks have been scrambling to get viable solutions in the healthcare space.
There is strong anecdotal evidence that although paper remittances are only about 30% of a healthcare provider’s remittances, paper requires up to 80% of the provider’s remittance processing resources.
MediStreams signs billing company serving as a centralized office for numerous providers.
MediStreams signs one of the largest physical therapy organizations that provides the highest quality orthopedic rehabilitation services in the Midwest.
MediStreams recently launched a reconciliation module adding to their existing portfolio of products. eReconcile standardizes inbound payments and remittance files.
President of MediStreams, Aaron Grandison joined a Panel of Industry Experts at the Institute of Finance and Management (IOFM) Payments Summit. The Panel of Industry Experts discussed ‘Trends in Healthcare Payments Automation’.
New service offering converts paper ‘Explanation of Benefits’ forms to a standard digital format for easier, more accurate payment reconciliation.
SunTrust Banks, Inc. (NYSE: STI) today announced the introduction of eClaim Revenue Gateway (eClaim), a healthcare receivables solution for medical providers, clinics and hospitals of all sizes.