Leading Healthcare Revenue Cycle Management Provider Expands Capability With Creditron Solution

Creditron, a leading provider of remittance processing solutions, recently announced that MediStreams, an innovative  healthcare revenue cycle management solutions provider, expanded their capabilities by deploying Creditron's flagship ItemAge Express image-enabled remittance processing platform.  

MediStreams is using ItemAge Express in its data center to process payments from insurance companies and patients on behalf of healthcare providers. Once ItemAge Express processes payments, MediStreams captures data from images of related explanation of benefits (EOB) documents. By using the Creditron solution alongside its own capabilities for converting paper EOB documents into electronically processed ANSI 835 remittance files, MediStreams can potentially save providers thousands of hours of labor for posting. 

MediStreams' ItemAge Express solution includes components for courtesy and legal amount recognition (CAR/LAR) and Check 21. The solution runs on a Burroughs Adaptive Smart Source scanner. 

"Creditron offers the robust remittance technology to help us build on our strong momentum in helping healthcare providers automate their remittance and posting processes," said MediStreams CEO James T. Coyle, Jr. "Our solutions post remittances in an automated fashion, regardless of whether they were received electronically or by paper. We convert paper remittances and/or ANSI 835 files into a standard format, and manipulate that format to meet the specific business requirements of the healthcare provider and their practice management system for posting." 

This announcement comes as MediStreams continues to experience strong growth for its paper EOB-to-835 solution. The company recently deployed its technology for a durable medical equipment company, a large diagnostic imaging center with 80 locations, and a family dermatology group with more than 50 sites across eight states. In addition, MediStreams recently signed a reseller agreement with a payments processing solutions provider that serves banks and corporations across 34 states.

About MediStreams
MediStreams is a healthcare revenue cycle management company with a focus on streamlining the remittance process. The MediStreams processing platform adapts to the constant evolution of the healthcare space. The architecture assures high availability while exceeding generally accepted levels of security and compliance standards with SOC 2 Type II and HIPAA audits and fully redundant ISO 9002 data centers. For more information, visit www.medistreams.com. 

About Creditron
Creditron is a leading provider of payment processing, distributed capture, receivables management and electronic billing and payment solutions. Its solutions combine industry standard operating systems and advanced imaging, scanning and data recognition technology to help financial institutions, businesses and other entities optimize operations performance and improve customer service. The company’s over 400 North American customer’s process more than 400 million transactions annually, representing more than $100B.  For more information, visit www.creditron.com.