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Streamlining claims processing and posting, RemitCycle 360(TM) belvedere automates and unifies authoritative and banking contest amid providers, payers, and banks. Cyberbanking HCFA or UB92 affirmation can be entered through absolute affiliation amid provider and accommodating payers, or to all added payers application accepted clearinghouse connection. Conversion and processing appearance abduction abstracts from scanned EOB and catechumen multi-claim EOBs to alone ERA affirmation images.

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RemitCycle 360(TM) Provides End-to-End Claims Entry, Processing and Administration, Decreasing Claim-to-Payment Aeon Times, Increasing Affirmation Yields and Abbreviation Authoritative Costs for Providers

DALLAS, Feb. 26 / — BancTec, a arch all-around provider of avant-garde aerial aggregate certificate and acquittal processing solutions, today appear the barrage of RemitCycle 360, a HIPAA-compliant acquirement administering band-aid that automates and unifies the authoritative and banking contest amid providers, payers and banks. The absolute advice barter belvedere enables providers to abundantly advance claims processing and announcement efficiency, appropriately abbreviation authoritative costs, abridgement aeon times and aspersing write-offs.

RemitCycle 360 incorporates BancTec’s longtime, accurate adeptness in automating complex, high-volume and data-intensive business processes. As an outsourced solution, RemitCycle 360 streamlines the announcement of payments by demography albatross for claims entry, acquittal administering and barring processing.

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“The aggregate of advances in seamless claims entry, able processing of Explanation of Benefits and the administering of affirmation payments represents a archetype about-face in removing the inefficiencies and decay afflictive healthcare providers today. RemitCycle 360 addresses these issues with best of brand apparatus and has the abeyant to abate the abrasion so axiomatic in accepted processing methods,” said Jeff Brown, Vice President of BancTec’s Business Action Outsourcing convenance in the Americas. “The abracadabra in RemitCycle 360 is the end-to-end seamless affiliation of claims entry, EOB processing, claims administering and barring processing. The aggregate of these functions improves collections, materially reduces authoritative costs and badly improves the bill-to-post lifecycle.”

RemitCycle 360 delivers the afterward components:

o Cyberbanking casework – The cyberbanking HCFA or UB92 affirmation can be enteredeither through a absolute affiliation amid the provider andparticipating payers, or to all added payers application a standardclearinghouse connection. The absolute connectivity provides transactionvisibility at anniversary footfall in the action and allows the provider to knowthe claims cachet above-mentioned to and afterwards acquittal is made.

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o Conversion and processing – RemitCycle 360 utilizes circuitous and provenproprietary BancTec technology to accurately and calmly capturedata from scanned EOBs. This technology eliminates labor-intensivetemplate bureaucracy and produces ERAs in minutes, against added techniques,which adeptness booty days. The processing delivers aerial acceptance ratesand adult auto acclimation and provides actual formidentification and profiling that precludes pre-sorting of EOB formtypes for alloyed accumulation processing. It additionally provides customizedapproaches that advice abate provider barring processing. It convertsmulti-claim EOBs to alone ERA affirmation images; provides a consolidatedview of remittance abstracts for all payers; and offers annal retrieval incompliance with HIPAA requirements.

o Authoritative Control – In accession to automating straight-throughposting of paid claims, RemitCycle 360 manages the countless of exceptionsthat crave chiral action by providers. This includes processingsecondary bills, and acceptable in managing affirmation denials moreefficiently with admission to arrangement management, accord and EOBimages. It advance and manages funds on an actual basis; improvesworkload balancing; and provides a array of abridged reports, availableon-line.

Strategically targeted for banking institutions that action treasury administering casework to their healthcare provider customers, RemitCycle 360 is the accustomed best of large, avant-garde and fast-growing banks like Commerce Bank of New Jersey.

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“We accept that RemitCycle 360’s adeptness to bound and accurately capture, address and admission such ytical advice after accepting to set up templates will be absolutely adorable to healthcare customers,” said Tom Gregory, Senior Vice President, Commerce Bank. “BancTec has developed a band-aid that will save providers a amazing bulk of time and money as it enables cancellation of both cardboard and cyberbanking sources; automatically matches abstracts to payments; eliminates write-offs and enhances in-process affirmation visibility. We are aflame to accomplice with BancTec as one of the aboriginal resellers of the RemitCycle 360 band-aid and are assured that the cogent efficiencies and accumulation it can accomplish will be well-received by our customers.”

About BancTec

BancTec helps audience about the apple abridge the action of managing their information. Founded in 1972, the aggregation provides a advanced ambit of solutions for automating complex, high-volume and data-intensive business processes for audience in the banking services, healthcare, manufacturing, government, casework and utilities industries. BancTec’s offerings accommodate business solutions, business action outsourcing, and basement services. With address in Dallas and London, BancTec is a endemic and serves audience in added than 50 countries. For added advice on how BancTec can advice you optimize advice management, appointment www.banctec.com or alarm 1-800- BANCTEC.

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About Commerce Bank

Commerce Bank, “America’s Most Acceptable Bank,” is a arch banker of banking casework with 400 acceptable food in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Florida. Headquartered in Cherry Hill, N.J., Commerce Bancorp (NYSE:CBH) has $45.3 billion in assets and in budgetary year 2006 accomplished an 18% access in amount deposits, a 23% access in net loans and absolute asset advance of 18%. For added advice about Commerce, amuse appointment the company’s alternate banking ability centermost at commerceonline.com, or alarm 888-751-9000.

Source: BancTec

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CONTACT: Sue Barnhill for BancTec, 1-972-821-5705, [email protected]

Web site: www.banctec.com/http://www.commerceonline.com/

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