Consolidated Co-Payment Processing Center Lockbox

The Consolidated Co-Payment Processing Center Lockbox is a secure way to automate medical payment processing. Using a Web browser interface, the VA can manage all billings and payments for medical services, make deposits, access online databases, and produce up-to-date reports. Because of increased efficiencies and reduced man-hours, the Lockbox system is expected to save the VA over $11 million dollars during its first year in operation.

Features

• Automated posting of payments to patient accounts
• Centralized payment collection
• Automated deposit processing
• Point-and-click navigation and easy-to-use graphical interface
• Dynamic report generation

Benefits

• Increased Efficiency. [Eliminate labor-intensive accounts-receivable tasks.]
• Lower costs. [The Web-interface reduces maintenance costs.]
• Improved ease-of-use means reduced training for customers and employees.
• Reduced storage costs associated with maintaining static reports.
• High volume capabilities. The Lockbox processed over 4.5 million payments for the Veterans Health Administration in fiscal year 2000.
• Extremely low error rates. In October, 1999 error rates were .006%.

To order services, call 512.326.6005, or contact us by email e-mail.

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