Paper and PDF-originated payments, remittances, and correspondence letters are here to stay, according to the 2018 CAQH Index. Only 48% of healthcare payments are now fully electronic; with the volume of remittance advice transactions increasing 39% from 2017 to 2018, the healthcare industry has a real paper problem - or does it?
The healthcare industry should accordingly shift from a mindset of "paper as a burden" to one of efficiency and even treat the data as an organizational asset.
Healthcare's “New” Strategic Assets - Explanation of Benefits (EOBs/EOPs) and Correspondence Letters provides information on how to transform paper and PDF-originated payments, remittances, and correspondence letters into strategic assets.
Topics include:
- The Paper Paradox – Diminishing Returns
- Paper Across RCM & 10 Costly Steps of Human Data Entry
- RCM Automation with Artificial Intelligence
- The Perspectives for Providers, Banks, RCM Services, BPOs, and Payers
- Moving Forward with Electronification