Payment Consolidator™

State-of-the-art technology that enables you to receive, post and reconcile health plan payments—and remittances—electronically.

Over the past several decades, patient care improvements resulting from medical advances have been both innovative and effective. So why are clinics and hospitals still relying on payment processes that haven’t changed in 50 years?

What matters most to you is patient care. And yet, ever-increasing complexity associated with getting paid for providing that care is affecting your bottom line. Collection delays, complicated insurance and reimbursement processes, and manual payment processing are slowing you down and hurting the financial health of your business.

The SolutionPayment Consolidator dramatically increases the efficiency of your accounts receivable process, improves cash flow, and cuts your cost of doing business.

• It works with your current systems to seamlessly automate traditional manual payment processes.

• The software was built specifically for the health insurance payments space, and is intuitive and easy to use.

• Because it’s Web-based, it requires only a PC with Internet access, and needs no special software or equipment.

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Benefits of Payment Consolidator:

• Automates manual processes, enabling your staff to receive, post, and reconcile healthcare receivable transactions electronically.

• Dramatically increases the number of payments and remittance advices that are received and processed electronically, thanks to multiple clearinghouse relationships providing EDI connections to thousands of healthcare payers.

• Automatically reconciles remittance advices with individual payments, resulting in a significant reduction in tedious manual work.

• Responding to patient inquiries is more efficient with an online archive of claims, payments, and remittance advices that are easily searchable.

• Simplifies access to denied claims information. Adjustment reason-code data—delivered in messages standardized across all payers—enables more effective research and management of denied claims.

U.S. Bank Healthcare Payment SolutionsA complete suite of smart financial solutions for today’s complex healthcare marketplace—from the bank you trust.

Whether you are a consumer, healthcare provider, employer, payer, or broker, the changes in healthcare today are profound and difficult to manage. U.S. Bank is uniquely qualified to help you navigate them, thanks to our deep technical expertise in electronic payments and reconciliation as well as our unparalleled knowledge of the healthcare payments industry.

To learn more, call toll-free 866-285-0933

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