RevenueMed has developed RevRemit™, which has become the market’s leading solution to convert paper EOBs into ANSI 835 files. This service receives scanned EOBs and 837 billing files as its inputs and delivers reliable, high quality 835 files as the principal output. By outsourcing this work to RevenueMed, healthcare providers can treat every remittance as an ERA, even if it is originally returned as paper. This solution saves money, improves service reliability and removes a non-core staffing hassle

In a traditional setting, staff from the hospital or physical billing office receive paper EOBs and manually enter the data into the billing system. This process is time-consuming, expensive and difficult to flex for seasonality or other volume variation.

Some vendors claim to have a fully-automated solution, but in practice technologies like optical character recognition (OCR) perform unreliably with the diverse images from various payers. The amount of labor actually displaced by such technologies is low, and they do little to improve workflow efficiency, auditability or enablement of downstream services like denials management.

In contrast to the other services available in the market, the RevRemit solution integrates best-of-breed software tools for OCR, workflow and denials mapping to a large-scale and highly trained workforce. The combination of these service components yields an offering that is distinctly efficient, reliable and low-maintenance for our customers.