Optimize your payment matching with automated processes. Save time, reduce errors, and improve financial accuracy with Exela's solution for seamless reconciliation across various payment types.
Our medical lockbox process reduces operational costs and delays using AI-powered automation.
Automate payment reconciliation
Less operational costs
Reduction in delays
Manually reconciling payments in the billing system is time-consuming and inefficient. Exela’s automated reconciliation service streamlines payment processing, ensuring accurate and seamless matching without manual effort.
Process claims payments (835) and billing (837) files for reconciliation.
Download/Import BAI2 file from bank for payment data.
Match Payment totals (835) to Deposit files
(BAI2) as well as the claims billing files (837).
Export matched data to the patient billing system for processing.
Unmatched payments stored for future updates and transaction matching.
Our payment reconciliation solution transforms EOB documents into structured data, automating the matching of ERAs and EFTs. This reduces the time needed to verify deposited funds, cutting manual processing by 50%.
Enhance Your Healthcare Payment Reconciliation Efficiency with Exela Medical Lockbox
We use our AI based machine learning platform in conjunction with our proprietary rules engine to match payments.
We use our AI based machine learning platform in conjunction with our proprietary rules engine to match payments.
Our secure web-based portal provides easy access to images and data with a maximum retention period for compliance and auditing
Our secure web-based portal provides easy access to images and data with a maximum retention period for compliance and auditing
You gain full visibility with detailed reports covering all data processed through the system.
You gain full visibility with detailed reports covering all data processed through the system.
Our intuitive administrative module allows admins to manage user setup, feature assignments, and task maintenance.
Our intuitive administrative module allows admins to manage user setup, feature assignments, and task maintenance.
We prioritize security and regulatory compliance to protect sensitive healthcare data.
Ensuring patient data confidentiality
Secure and reliable platform
Safeguarding financial transactions
Transparent and controlled access to
Discover how our payment reconciliation solution can streamline your financial workflow.
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