Medical Lockbox Services
In today’s healthcare market environment literally billions of transactions are exchanged each year through a network of complex and costly channels. The U.S. healthcare industry includes approximately 250,000 provider-based billing entities (e.g., hospitals, groups, physicians, labs) encompassing 1 million healthcare providers and 12,000 payer/processing-related entities (e.g., insurance companies, health plans, HMOs, BCBS Plans, third party administrators, government fiscal intermediaries). This environment is fragmented and extremely dependent on information exchange. Duplication is rampant and costly; many transactions are “touched” by two to three intermediaries before they are processed by payers and payment is received by providers. The national cost is staggering and the operational dynamics of it all is equally profound.
RKB has engineered and woven together some of the most powerful tools to address critical touch points in managing healthcare transactions and offers those tools through a single portal. This service allows healthcare providers, banking institutions to access data and services that make their businesses and lives run more efficiently with the elimination of waste and multiple touch points.
RKB has engineered and woven together some of the most powerful tools to address critical touch points in managing healthcare transactions and offers those tools through a single portal. This service allows healthcare providers, banking institutions to access data and services that make their businesses and lives run more efficiently with the elimination of waste and multiple touch points.