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What is POWEReob?

The act of processing insurance payments serves as a clear illustration of the 80/20 rule, where a small fraction of payments, often those stemming from traditional paper EOBs, can account for a disproportionate share—up to 80% or more—of the total workload. The advent of POWEReob revolutionizes this scenario by integrating free software with a pay-per-transaction structure, transforming the paper EOBs received from various payers into electronic remittance files that adhere to ANSI 835 or NSF standards. These digital files enable automatic posting of payments to your practice management system, simplify the billing of electronic secondary claims, and improve the management of denials. Notably, POWEReob is designed to work seamlessly with any practice management software that accepts remittance files from external sources, ensuring versatility beyond specific clearinghouse requirements. For those practices that may lack this compatibility, we are ready to partner with your current management system or clearinghouse to guarantee that you can benefit from fully electronic remittances. This approach ultimately enhances efficiency and minimizes labor costs associated with the payment posting process. By adopting this cutting-edge solution, practices not only improve their operational workflows but also free up valuable time to concentrate more on providing care to patients, effectively bridging the gap between administrative efficiency and health services.

What is Informa Remittance Processing?

Each week, businesses handle countless envelopes filled with checks and payment coupons that require swift processing. The necessity of processing such a high volume of payments has led to the implementation of numerous bureaucratic steps for reviewing and handling each transaction. This meticulous, labor-intensive process can be time-consuming and often necessitates the hiring of temporary staff to manage the workload. Imagine the possibilities of enhancing your remittance processing by minimizing the need for human involvement. The Informa Remittance Processing solution is designed to help you realize significant efficiency gains. Many of our clients have reported achieving remarkable straight-through processing (touchless) rates ranging between 80 and 90%. The outcome of this improvement is a reduction in errors and an acceleration in payment cycles, ultimately benefiting the entire organization. Embracing such a solution can transform your payment processing experience remarkably.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Unicomp Corp. of America

Date Founded

1979

Company Location

United States

Company Website

www.ucoa.com/products-services/POWEReob/

Company Facts

Organization Name

Informa Software

Date Founded

2001

Company Location

United States

Company Website

www.informasoftware.com/remittance-processing/

Categories and Features

Claims Processing

Not specified

Categories and Features

Receipt Scanner

Not specified

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