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Unified Payments Through Exela Medical Lockbox

A Simplified Healthcare Revenue Cycle

Medical Lockbox Solution Overview

Hospitals, healthcare networks, and physician’s offices must deal with a wide variety of payers and payment types, making payment processing operations inconvenient and complex.

Exela’s Medical Lockbox streamlines the healthcare payment process through digitization and automation. By centralizing all incoming receivables through Medical Lockbox, you can speed up the revenue cycle, increase accuracy to avoid errors, bad debt, and write-offs, and enjoy greater liquidity.

Exela’s Medical Lockbox solution is designed to address your organization’s unique needs, helping you ensure compliance, reduce costs, and improve quality of care.

4,000

Top US Insurance Company

25

Health Plans

18,000

Providers

CONVERGENT PAYMENT PROCESSING

Convergent Payment Processing

Same day reconciliation on ERAs, ACH, checks, debit transactions, IRDs, credit card payments, and EOB statements. Payments from all sources are converted into 835 electronic remittance files for direct posting.

INSIGHT AND ANALYSIS FOR IMPROVED OPERATIONS

Insight and Analysis for Improved Operations

Turn data into actionable information. Identify problems, improve processes, and prepare for negotiations.

INTEGRATED DENIALS MANAGEMENT

Integrated Denials management

Exela’s Medical Lockbox seamlessly integrates with our Denials Management tool to improve accuracy and optimize reimbursement.

SAVE TIME BY AUTOMATING PROCESSES

Save Time by Automating Processes

Optimize repetitive tasks for a more accurate and streamlined process by automating reassociation of ERA/EOB to ACH/check, applying payer-specific business rules to reduce rejects, auto-posting EOBs, and eliminating manual keying.