Healthcare 

Healthcare Remittance Processing

Speed, automate and organize collection and posting of healthcare payments—of every kind, from all sources.

Healthcare collections represent possibly the most challenging set of complexities in receivables. Our best-in-class solutions simplify every aspect.

We've been the leader in simplifying and integrating paper-intensive collections for many years.

WAUSAU is the leading provider of integrated payment processing solutions in both the remittance and financial arenas. We hold the #1 market share position in retail and wholesale remittance processing solutions and process more than $1 trillion in transactions each year. We are committed to providing the most effective solutions in the payments market, and we're leveraging all that trusted leadership to position you for success.

 
YOUR CHALLENGES, YOUR OPPORTUNITIES

The unique legal, financial and technological issues that mark the healthcare profession make timely, reliable collection and posting unusually problematic.

  • Varied locations, payment types and channels. Reconciling checks, paper EOBs, electronic payments and EFT/ACH makes for costs of $8\$12 per claim. 
  • High transport costs. Moving paper checks, slips, receipts and vouchers from remote locations chains you to high mailing costs.
  • Slow exceptions and returns processing. Manual sorting and evaluation of returns and exceptions slows funding, reducing chances of good collection.
  • Denials and resubmissions. The industry is fraught with time-consuming delay. Centralizing records could help overcome sluggishness. 

 
OUR BENEFITS

Our flexible receivables solution uses the best tools to radically lower cost while accelerating the funding window by one to two days and more--with no new capital outlay.

  • Accept all payment types and channels. Handling checks, EFT, cards, ERAs and EOBs, our solution matches and reconciles all patient and payer payments.
  • Significantly reduce transport costs. Imaging attacks the need for physical paper transport, which can be significantly reduced, even virtually eliminated. 
  • Manage all records in a single view. A posting file can be imported into a Practice Management System or patient accounting system. Along with online viewing of all EOBs, ERAs and payer correspondences.