Working in a Multi-Submitter, Single Receiver Business Environment 

For aggregated Physician Practice Groups that operate with business unit autonomy, these groups can often have multiple Practice Management (PM) Systems. In this complex scenario, ReMedics provides efficient remittance processing and reconciliation services whereby all of the revenue being reported to a single Tax ID/EIN can be appropriately validated and posted to the correct PM System and billing application. This also includes the capture of all correspondence documents and the conversion of paper EOBs to normalized 835 records. 

Data Validation, Bank Reconciliation and Funds Distribution

Utilizing an extensive series of data validation rules, check matching capabilities, automated PLB adjustments and exception processing, the batch files are matched to the funds received by the bank. With the information updated and corresponding transactions reconciled back to the check and original 835 file, payments can then be efficiently posted. In doing so, we are also able to distribute funds for each division.  

Contact ReMedics, LLC

ReMedics can seamlessly integrate to all major EMR/PM systems and Clearinghouses, providing permanent revenue cycle gains and cash flow efficiency. If these services are of interest to your organization, Contact Us online — or call 440-671-7700 to discuss the many benefits of using our services.