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What is Vetriq?

Vetriq represents a cutting-edge solution designed to automate the revenue cycle processes within healthcare, particularly focusing on alleviating the burdensome manual tasks linked to payment posting, remittance processing, and financial reconciliation for healthcare providers. By optimizing the handling of Explanation of Benefits (EOB) documents, payer interactions, and bank lockbox transactions, it transforms incoming payment information into well-organized electronic records that can be easily incorporated into revenue cycle management systems. Instead of requiring a complete revamp of a healthcare facility's banking, lockbox services, or existing revenue cycle management infrastructure, Vetriq integrates effortlessly with current banking partners and practice management or EHR systems to enhance pre-existing workflows through automation. Its robust processing engine excels at converting paper EOBs into standardized electronic remittance formats such as 835, which significantly reduces the need for manual data entry and lightens the administrative burden. Ultimately, Vetriq not only boosts the efficiency and accuracy of financial operations for medical organizations but also allows them to preserve their established systems and collaborative relationships. This innovative approach helps healthcare providers focus more on patient care rather than being bogged down by administrative tasks.

What is Cashbook?

For companies processing a high volume of transactions, a dedicated system is created to establish smooth interactions between banking institutions and ERP platforms. This strategy has proven effective in improving cash flow, eliminating manual processes, decreasing days sales outstanding (DSO), and enhancing cash visibility. By automating complex financial operations, it transforms the finance department into a more efficient unit. Users benefit from a centralized interface where they can record notes, access lockbox images, resolve deductions, and incorporate real-time data. The intelligent software analyzes historical performance to forecast payment patterns, highlights overdue accounts, and automatically produces user-defined dunning letters. These innovations pave the way for improved collection efficiency and a marked reduction in DSO. Revenue and profits can suffer due to the deduction process, triggered by both large and small businesses using designated customer codes and reasons. The system allows for tailored deduction management compatible with any bank file or remittance format, streamlining the review and approval process. Furthermore, users can create reason and deduction codes directly from remittance data, regardless of the ERP system employed. This all-encompassing solution guarantees that businesses can effectively oversee their financial transactions while significantly minimizing losses associated with deductions, ultimately contributing to a more robust financial health.

Media

Media

Integrations Supported

Availity
Change Healthcare
NextGen
TriZetto
Waystar
XIFIN LIS
athenaOne
eClinicalWorks

Integrations Supported

Availity
Change Healthcare
NextGen
TriZetto
Waystar
XIFIN LIS
athenaOne
eClinicalWorks

API Availability

Has API

API Availability

Has API

Pricing Information

$22 per hour
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Vetriq

Company Location

United States

Company Website

vetriq.com

Company Facts

Organization Name

Cashbook

Date Founded

1992

Company Location

Ireland

Company Website

www.cashbook.com

Categories and Features

Revenue Cycle Management

Accounts Receivable
Claims Management
Collections Management
EHR/EMR Integration
For Healthcare
ICD-10 Compliance
Insurance Verification
Medical Billing
Patient Portal
Patient Registration
Patient Scheduling
Payment Processing

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

Banking

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

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