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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 Remittance360?

Remittance360 serves as an essential resource for all organizations involved in the healthcare revenue cycle sector. By utilizing standard 835 files, various departments within these organizations can harness the platform to make well-informed decisions regarding cash flow and accounts receivable management. The intuitive design of Remittance360 ensures that setup is quick and efficient, allowing for the seamless upload of 835 data in mere seconds. With the ability to manage the standard 835 data set, organizations can easily incorporate necessary information without requiring extensive IT assistance. This platform effectively utilizes existing data to generate valuable reports on denials, emerging trends, and payer-specific activities, which are critical for identifying particular workflow needs. Furthermore, users will appreciate the simplicity of the data querying feature, which allows them to save frequently used queries for easy access in the future. For example, examining denials by remark codes alongside departmental performance metrics can reveal and resolve fundamental issues within the system. Ultimately, Remittance360 equips organizations with the tools necessary to improve their revenue cycle management, fostering a culture of informed decision-making and strategic enhancements. With such capabilities, organizations can strive for continuous improvement in their operational efficiencies and financial outcomes.

Media

Media

Integrations Supported

Availity
Change Healthcare
NextGen
TriZetto
Waystar
XIFIN LIS
athenaOne
eClinicalWorks

Integrations Supported

API Availability

API Availability

Pricing Information

$22 per hour

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Vetriq

Company Location

United States

Company Website

vetriq.com

Company Facts

Organization Name

GAFFEY Healthcare

Company Location

United States

Company Website

gaffeyhealth.com/remittance360/

Categories and Features

Categories and Features

Medical Billing

Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Quotes/Estimates

Medical Coding

Not specified

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