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Reduce Days in AR with
automated EOB processing


Manually entering EOB data creates delays and backlogs that restrict providers’ cash flow.
When these delays occur at the beginning of the process, it is much harder to meet deadlines for
secondary billing and denials. Automating EOB capture helps providers recognize revenue sooner
and avoid write-offs. And it can deliver many other benefits.

When the data needed to reconcile EOBs is automatically extracted from scanned documents, it can be
uploaded into billing systems sooner – and exceptions can be identified faster. Employees can focus on
resolving exceptions and managing denials instead of tedious data entry, improving the revenue cycle.
When software relieves the burden on staff, providers can manage peaks in volume without falling
behind or hiring additional staff.

ABBYY FlexiCapture® ensures accuracy and streamlines EOB processing                                      Improve your cash
FlexiCapture combines easy-to-use scanning with labor-saving tools that automatically extract highly     flow with FlexiCapture
accurate data from even the most complex EOBs. FlexiCapture also supports validation and verification
                                                                                                         Take the data. Leave the paper.
of information – ensuring that billing, accounting and claims management applications receive the
most correct data possible.                                                                              ABBYY FlexiCapture offers an
                                                                                                         affordable standalone solution
                                                                                                         for up to 300,000 pages
                                                                                                         per year and a distributed
                                                                                                         solution for larger volumes.
                                                                                                         Highly accurate, FlexiCapture
                                                                                                         automatically learns to
                                                                                                         recognize documents of
                                                                                                         different types, transforming
                                                                                                         them into information
                                                                                                         immediately ready to use and
                                                                                                         communicate.

                                                                                                         The results: Staff can devote
                                                                                                         more of their time to higher-
                                                                                                         value activities, including
Another advantage is the speed with which employees can locate digital documents in the event of
queries or denials. Instead of spending time searching for paper documents and making copies and         denials management, to
sending them to payers, providers can focus on cash flow and customer service.                           accelerate cash flow.




                                                                                                                             www.ABBYY.com
ABBYY FlexiCapture for Healthcare
                       ®                                                  ®




With FlexiCapture, healthcare providers can:
•	 Improve cash flow by reducing days in AR                                                                                              FlexiCapture
•	 Speed reconciliation to eliminate backlogs                                                                                            streamlines remittance
•	 Accurately extract data from the most complex EOBs to support straight-through processing                                             processes at AthletiCo
•	 Efficiently import data into billing systems, document management solutions or denials                                                AthletiCo, a provider of orthopedic
   management workflow                                                                                                                   rehab services, was burdened with
•	 Easily adapt to increased volume without increasing staff                                                                             manually intensive procedures for
•	 Eliminate manual data entry and reduce the risk of human errors
                                                                                                                                         tracking EOBs and insurance checks.
•	 Improve accuracy and availability of remittance information
                                                                                                                                         With hundreds of patients and EOBs
•	 Eliminate routing paper documents and easily share information between workgroups
                                                                                                                                         up to 1,500 pages long, locating
•	 Reclaim space devoted to record storage to improve patient or staff environment
                                                                                                                                         documents could take days – delaying
•	 Reduce costs associated with creating and maintaining paper files, including materials, labor
                                                                                                                                         payment and requiring the full-time
   and offsite storage
This powerful solution is easy to use and makes short work of processing everything from                                                 efforts of several employees.
intake forms to post-op summaries. Best of all, intelligence within the software learns to
                                                                                                                                         Fortunately, the answer to these
recognize different types of documents automatically.
                                                                                                                                         problems was quickly available:
                                                                                                                                         An electronic documentation
                                                                                                                                         solution incorporating FlexiCapture.
                                                                                                                                         “Today, employees can retrieve
                                                                                                                                         information in seconds,” said Mark
                                                                                                                                         Kaufman, AthletiCo president.
                                                                                                                                         Even better: By adopting FlexiCapture,
                                                                                                                                         AthletiCo avoided hiring at least one
                                                                                                                                         more staff member – saving at least
                                                                                                                                         $25,000 in salary plus additional
                                                                                                                                         employee benefits.

                                                                                                                                         “Locating a paper document could
                                                                                                                                         take three or four weeks in the past.
                                                                                                                                         Now, we’re talking seconds! If we
Prepare for tomorrow’s challenges today                                                                                                  can’t retrieve the information, we
HITECH, healthcare reform, the growing pool of retiring Baby Boomers, audits, compliance –                                               can’t get paid...”
healthcare providers face increasing challenges to maintain standards of excellent, affordable                                           —Nick Tsatsis, COO and CFO, AthletiCo
care. But they cannot expect more funding. ABBYY FlexiCapture can help reduce costs,
increase productivity and streamline processes throughout your organization, allowing you to
better meet your challenges.
Find out how ABBYY FlexiCapture can eliminate your current paper backlog and make the
capture of EOBs and other paper forms easy. Visit abbyy.com or call 866-463-7689.




                                                                                                                                    ABBYY USA
                                                                                                                                    880 North McCarthy Blvd., Suite 220
                                                                                                                                    Milpitas, CA 95035, USA

www.ABBYY.com/FlexiCapture                                                                                                          Tel +1 866.463.7689
                                                                                                                                    Fax +1 408.457.9778
                                                                                                                                    sales@abbyyusa.com
© 2012 ABBYY USA Software House, Inc. All rights reserved. ABBYY, the ABBYY logo and FlexiCapture are trademarks or registered
trademarks of ABBYY Software Ltd. All other trademarks are the property of their respective owners. Information contained in this
document is subject to change without notice.                                                                                       www.ABBYY.com

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Reduce Days in AR with Automated EOB Processing

  • 1. Reduce Days in AR with automated EOB processing Manually entering EOB data creates delays and backlogs that restrict providers’ cash flow. When these delays occur at the beginning of the process, it is much harder to meet deadlines for secondary billing and denials. Automating EOB capture helps providers recognize revenue sooner and avoid write-offs. And it can deliver many other benefits. When the data needed to reconcile EOBs is automatically extracted from scanned documents, it can be uploaded into billing systems sooner – and exceptions can be identified faster. Employees can focus on resolving exceptions and managing denials instead of tedious data entry, improving the revenue cycle. When software relieves the burden on staff, providers can manage peaks in volume without falling behind or hiring additional staff. ABBYY FlexiCapture® ensures accuracy and streamlines EOB processing Improve your cash FlexiCapture combines easy-to-use scanning with labor-saving tools that automatically extract highly flow with FlexiCapture accurate data from even the most complex EOBs. FlexiCapture also supports validation and verification Take the data. Leave the paper. of information – ensuring that billing, accounting and claims management applications receive the most correct data possible. ABBYY FlexiCapture offers an affordable standalone solution for up to 300,000 pages per year and a distributed solution for larger volumes. Highly accurate, FlexiCapture automatically learns to recognize documents of different types, transforming them into information immediately ready to use and communicate. The results: Staff can devote more of their time to higher- value activities, including Another advantage is the speed with which employees can locate digital documents in the event of queries or denials. Instead of spending time searching for paper documents and making copies and denials management, to sending them to payers, providers can focus on cash flow and customer service. accelerate cash flow. www.ABBYY.com
  • 2. ABBYY FlexiCapture for Healthcare ® ® With FlexiCapture, healthcare providers can: • Improve cash flow by reducing days in AR FlexiCapture • Speed reconciliation to eliminate backlogs streamlines remittance • Accurately extract data from the most complex EOBs to support straight-through processing processes at AthletiCo • Efficiently import data into billing systems, document management solutions or denials AthletiCo, a provider of orthopedic management workflow rehab services, was burdened with • Easily adapt to increased volume without increasing staff manually intensive procedures for • Eliminate manual data entry and reduce the risk of human errors tracking EOBs and insurance checks. • Improve accuracy and availability of remittance information With hundreds of patients and EOBs • Eliminate routing paper documents and easily share information between workgroups up to 1,500 pages long, locating • Reclaim space devoted to record storage to improve patient or staff environment documents could take days – delaying • Reduce costs associated with creating and maintaining paper files, including materials, labor payment and requiring the full-time and offsite storage This powerful solution is easy to use and makes short work of processing everything from efforts of several employees. intake forms to post-op summaries. Best of all, intelligence within the software learns to Fortunately, the answer to these recognize different types of documents automatically. problems was quickly available: An electronic documentation solution incorporating FlexiCapture. “Today, employees can retrieve information in seconds,” said Mark Kaufman, AthletiCo president. Even better: By adopting FlexiCapture, AthletiCo avoided hiring at least one more staff member – saving at least $25,000 in salary plus additional employee benefits. “Locating a paper document could take three or four weeks in the past. Now, we’re talking seconds! If we Prepare for tomorrow’s challenges today can’t retrieve the information, we HITECH, healthcare reform, the growing pool of retiring Baby Boomers, audits, compliance – can’t get paid...” healthcare providers face increasing challenges to maintain standards of excellent, affordable —Nick Tsatsis, COO and CFO, AthletiCo care. But they cannot expect more funding. ABBYY FlexiCapture can help reduce costs, increase productivity and streamline processes throughout your organization, allowing you to better meet your challenges. Find out how ABBYY FlexiCapture can eliminate your current paper backlog and make the capture of EOBs and other paper forms easy. Visit abbyy.com or call 866-463-7689. ABBYY USA 880 North McCarthy Blvd., Suite 220 Milpitas, CA 95035, USA www.ABBYY.com/FlexiCapture Tel +1 866.463.7689 Fax +1 408.457.9778 sales@abbyyusa.com © 2012 ABBYY USA Software House, Inc. All rights reserved. ABBYY, the ABBYY logo and FlexiCapture are trademarks or registered trademarks of ABBYY Software Ltd. All other trademarks are the property of their respective owners. Information contained in this document is subject to change without notice. www.ABBYY.com