Service Overview MedRemit MedRing Service Benefits

Healthcare Payers:

• Up to 60% savings in operational costs
• HIPAA-compliant 835 remittance advice distribution
• Better management of printed documents (bar coded for job control tracking)
• Cost avoidance related to operating dual payment systems (paper and electronic).
• Traceable electronic funds transfer (EFT) payments
• Ability to focus on core business and boost employee productivity
• Secure, encrypted communication with network providers
• Accelerates the transition from paper-based processes to electronic processes
• Provider remittance advice preference (multiple electronic formats or paper) tracking
• Comprehensive strategy that addresses both short term objectives and long-term goals

• Ability to offer the above payer benefits, plus
• Co-branding options
• Back-end payment and remittance services completing an end-to-end claims cycle solution
• Differentiating services from those of competitors
• Secure communication with clients

• Ability to offer the above payer benefits to healthcare customers, plus
• Retain current healthcare payer clients and secure new clients
• Expedite the time to market by utilizing Remettra's HIPAA-ready services to secure a significant portion of the funds flowing through the healthcare industry.
• Eliminate the significant financial burden and prolonged time to market for HIPAA compliance

• Improved cash flow
• Reduced data entry and related data entry errors
• Access to multiple payer remittance with a single web interface logon
• Improved administrative efficiencies
• Proactive notification of payment initiation via email
• Secure, encrypted messaging with payers and other providers
• Link payments with services rendered for ease of reconciliation