Taskmaster for EOBs Brochure|
Hospitals and group medical practices – commonly called Providers - face a significant capture challenge every day: processing the remittance paperwork that accompanies payment from health insurance carriers, a document known as an Explanation of Benefits (EOB). The challenge Providers face is the accurate processing of each EOB, to determine full payment has been received and the claim can be closed or if it must be resubmitted. Since EOB data is used to update the remittance processing system and patient medical records, there is often significant data entry involved. |
When health insurance organizations – commonly called Payers – adjudicate a
medical claim, they send the Provider payment with an EOB, which lists the
details of each claim – patients, dates of service and a list of services
provided. The EOB details the amount billed, and paid for each claim, with an
explanation of the benefits covered. Depending on the business rules of the
Payer, benefits can be denied simply because the wrong box was checked on a
claim, or the wrong CPT code was used. If Providers don’t carefully evaluate
each EOB, they potentially lose 10% to 20% of funds for which they are
entitled. |
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Verification Screen |
Taskmaster for EOBs uses optical character recognition (OCR) to automatically read data from scanned EOB's, then uses validations and math calculations to total the transaction line items and compare them to each subtotal to ensure balanced patient information.
Taskmaster for EOBs provides productivity tools to speed processing and assure accurate data. Relieved of manual data entry tasks, EOB processors simply view a verification panel that enables them to quickly check each claim and service line. Shortcuts and hotkeys enable them to fix low confidence characters quickly and efficiently. Lines that do not balance are highlighted in red for an operator to quickly determine a course of action. Finally, all data is properly formatted for delivery to your remittance processing and patient records systems.
Taskmaster for EOBs automates the processing of EOB’s for Providers, significantly increases speed and accuracy, eliminates manual data entry, and saves your company money.
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Taskmaster for EOBs Verification panel displays captured
data and calculated data alongside the claim image
to determine whether a claim has been fully paid. |
Complete, Ready to Use
Solution
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Single-Pass, Modeless Verification
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EOB Identification
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Business Rule Configurability
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Award-winning Taskmaster
Platform
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Data Delivery
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