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Almost 90% of payments are deposited by
the payers directly in the provider’s account using
EFT (Electronic Fund Transfer). EFT ensures
fast and accurate transfer of funds and error-free reconciliation
with submitted claims in the Vericle®
system. Automated reconciliation enables the doctor to
verify the arrival of funds
24 x 7.
To process the remaining paper-based payments, Billing
Precision has partnered with UBS. Using its lockbox service,
the payers and patients mail their payments directly to
UBS for same day deposit in the bank. The lockbox offers
five major benefits
| 1. |
Accountability
and reliability
Bi-directional verification of check deposit between
the bank and Billing Precision. No lost checks. |
| 2. |
Processing speed and added
interest revenue
Check deposit upon arrival. Automated investment
of deposit in a Money Market account earning interest
(Automatic Sweep). The doctor's money is never idle. |
| 3. |
Billing Transparency
Doctor can personally verify deposit 24 x7 via secure
Internet connection. |
| 4. |
Accuracy and dependability
Check processing by team and technology facilitated
with global financial firm. |
| 5. |
Personal attention by professional
bankers
State-of-the-art wealth management services at UBS. |
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| “Billing Precision gets chiropractors paid. It uniquely embraces the vision and system required for successful high volume practices.” |
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-Drs. Ben Lerner
and Greg Loman, Founders |
| Read
Case Study >> |
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<= Read & Learn
Certified by
New Jersey Department of Banking and Insurance |
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