BBVA Compass understands the unique requirements underlying the professional relationship between financial service providers and healthcare providers. We have built specialized services and teams to specifically meet the needs of the healthcare market.
Our treasury management receivables healthcare industry is staffed with professionals who combine the competencies of financial and healthcare industry experts. They will work to understand your goals and provide solutions to help eliminate labor-intensive tasks and complexities in today’s healthcare revenue cycle processes. Your current operations involving manual posting of paper based remittances, denial management, accounts receivable posting and balancing will be streamlined thereby accelerating cash flow, releasing working capital and driving down administrative costs.
BBVA Compass’ HealthCare Receivables Solution can help you achieve efficiencies by:
- Automating the payment posting process
- Re-associating deposits to remittance advices
- Reconciling the insurance claim to remittance documentation and payment transactions
- Providing a single repository of all financial transactions
- Decreasing the percentage of denied claims
- Maximizing online payment processing and collections
- Streamlining daily and month-end balancing
- Efficiently reporting underpayments and overpayments
- Full clearinghouse functionality
- Release working capital by accelerating your cash flow
- Reduce processing costs and reallocate staff to resolving exceptions
- Gain insight into payment trends
BBVA Compass is dedicated to the healthcare industry. Contact one of our healthcare specialists today for more information.
By Phone 1-888-558-7568
By Email Online contact form