PRNewswire-FirstCall/ -- Trintech Group Plc (Nasdaq: TTPA), a leading provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, today announced the release of EOB PRO and HealthcareAR for healthcare and financial institutions. EOB PRO is a web-based remittance standardization solution that eliminates the manual process of posting paper Explanation of Benefits (EOB) payments to a healthcare billing system. HealthcareAR, a web-based solution, matches provider-payer financial transactions to corresponding payment information.
The solution automates all facets of revenue cycle reconciliations. The solutions are available to provider networks directly and to financial institutions that seek to offer the most flexible, powerful banking solutions to the healthcare customers who drive the success of their business.
EOB PRO and HealthcareAR seamlessly integrate into the provider's environment, and feature intuitive interfaces that allow users to manage a variety of transaction types, perform adjustments, submit updates, investigate exceptions and initiate reports online in real-time. The solution suite supplements existing lockbox environments with advanced OCR and HIPAA transaction creation technology, giving providers complete visibility into the payment transaction lifecycle, as well as powerful reconciliation capabilities.
"Today's providers are challenged with the lack of visibility into their transactions once they leave their environment, inefficiencies in EOB and remittance management, unnecessary write-offs and the inability to get paid," said Ed Gallo, SVP Healthcare Business Group, Trintech. "We provide solutions that face these obstacles head-on. Our comprehensive HIPAA compliant solutions improve the efficiency and effectiveness of healthcare transactions, and streamline collection efforts to generate a higher level of financial performance."
Trintech's ReconNET, AssureNET GL and Bank Fee Analysis are used today by
prominent healthcare organizations, including UMPC Health System, UnitedHealth
Group, Adventist Health System, University of Missouri Health Care and Wellpoint Health Networks.
"Trintech's unique approach to transaction management and investment in its next-generation technology platform will benefit healthcare providers, payers, financial institutions and other service providers in the healthcare industry, " continued Gallo.