Quick and error-free EOB conversation

Our medical lockbox offers AI-based conversion of EOB images to EDI 835 files Exception. We offer a management portal for line-level and EOB-level balancing

  • Three way matching and balancing between Deposit (BAI2), EOB (835) and Claim (837)
  • Support for CARC and RARC codes with machine learning support
  • Exports EOB/835 files as Claim Level Payment (CLP) payments for easy payment research
  • Flag and route unbalanced EOB data for exception review
  • Provide online decision support for faster exception handling

90%+

Data accuracy

75%

Less manual data entry efforts

50%

Faster reimbursement cycle

Exela’s EOB Conversion Process: How Our Process Works

Manual EOB conversion in the billing system costs huge time and effort. Exela’s EOB conversion process streamlines payment processing, high accuracy with less or minimum involvement of FTEs.

01

EOB Receipt

Upload scanned EOB images for processing.

02

AI-Driven Data Extraction

Identify key fields such as claim details, payments, and adjustments.

03

Balancing & Validation

Match payments with check /EFT references and flag discrepancies CARC and RARC codes are processed for conversion.

EoB
Conversion

06

Export & Integration

Transmit finalized 835 files to your patient billing system.

05

835 File Generation

Convert processed EOB data into standardized EDI 835 format.

04

Exception Handling

Route unbalanced files for online review and resolution.

Challenges in EOB Conversion

  • Manual Processing Errors: Data entry mistakes lead to claim denials and delayed reimbursements leading to slower cashflow.
  • Lack of Standardization : EOB formats vary, making it difficult to maintain consistency..
  • Limited Visibility: Without automated tracking, reviewing and managing exceptions becomes cumbersome.
  • Regulatory Compliance Risks: Errors in EOB-to-ERA conversion can lead to compliance issues and audit failures.
EOB Conversion

Make Optimum Use of Data with Automated EOB Conversion

Our AI-driven platform streamlines EOB processing by converting unstructured EOB data into structured EDI 835 files with high accuracy.

For Healthcare Providers

  • 40% Faster Check Deposits – Accelerate cash flow.
  • Reduce Administrative Burdens – Focus on patient care, automate paperwork and correspondence.
  • Better Cash Flow Management – Automate and optimize financial workflows.

Key Features of Our EOB to ERA Conversion Solution

Enhance your EOB conversion efficiency with Exela Medical Lockbox

Security & Compliance

We ensure the highest level of security and compliance to protect patient and payment data.

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HIPAA-Compliant Data Processing

Safeguarding sensitive healthcare information.

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SOC 2 Certified Infrastructure

Secure cloud-based platform.

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End-to-End Encryption

Ensuring data security during transmission.

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Audit Trails & Role-Based Access

Controlled and transparent document handling.

Take the First Step Toward Smarter EOB Processing

Learn how our EOB conversion solution can optimize your financial workflow.

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