MedRemit® is the industry's leading edge medical banking technology providing
a complete back-end solution for payers' for printed and electronic payment and remittance advice distribution.
MedRemit addresses every facet of a cutting-edge payment and remittance advice processing management system.
- Standard and non-standard remittance information.
- Payment and remittance advice processing in print and electronic formats
- Proactive tool for converting providers to an electronic accounts receivable environment
- Proprietary provider registration process
- Bank account authentication (beyond a simple pre-note) to address fraud
- Centralized management of providers' banking information
- Provider payment/remittance preference tracking
- Proactive e-mail notification of payments with embedded web links to corresponding remittance
advices, enabling electronic reconciliation
- Batch or online retrieval of remittance advices
- Facilitation of re-association of dollars and data
- Multiple electronic remittance formats including HIPAA-compliant 835
- Online reporting for both payers and providers
- Electronic funds transfer (EFT/direct deposit)
- Payer reconciliation files containing both electronic and paper payments
- User friendly interface, intuitive design