5 Advantages of Streamlining Healthcare Payments

Streamlining the entire healthcare remittance process can benefit hospitals and healthcare providers in a variety of ways, according to KeyBank.

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Here are five benefits of using an automated, all-payer system to manage payments.

1. Enhanced payment control with robust data posting and reporting.
2. Minimized losses and recaptured revenue resulting from denial trend recognition.
3. Greater efficiency, compared with manual data processing.
4. Better revenue decisions because of automated reconciliation of third-party reimbursement reports.
5. Simplified secondary claims process, allowing for the collection of more billable revenue.

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