Key takeaways about the financial aspects of healthcare
Millions of patients. Hundreds of insurance plans. Rising healthcare costs. Inefficient claims remittance processes.
At PNC, we have taken a unique approach to helping healthcare providers and payers minimize administrative costs and maximize cash flow.
By combining leading clearinghouse capabilities with premier treasury management services, and over 25 years experience working with healthcare payers and providers, PNC provides a full array of integrated solutions to improve the healthcare revenue cycle. We call it the PNC Healthcare Advantage.
People, Process & Technology
PNC's healthcare experts understand patient billing, finance and technology - after all, we have worked with more than 1,900 healthcare organizations across the country, including payers (2,000 plus connections), providers, pharmacies, Medicare fiscal intermediaries and government agencies. We also provide implementation specialists and an online portal to help automate the revenue cycle and facilitate payer/provider relationships.
Are you a Private Practice?
PNC also offers extensive cash flow options and targeted banking tools and resources to help effectively manage your revenue cycle. To learn more about private practice solutions, visit pnc.com/hcprofessionals.
PNC Continues to Achieve
EHNAC Financial Services Accreditation
You, as a Provider, are facing increasing financial challenges, and protecting revenue is critical. Revenue Cycle Automation solutions help to automate the work flow and the management of your revenue cycle workload. Using Revenue Cycle Automation, you can improve both front-end patient access management activities and back-end denial management processes by applying real-time business rules to the data.
Patient Estimator allows your staff to give patients written estimates of their expected out-of-pocket responsibility.
For Ideas, Insight and Solutions from PNC Healthcare, please visit the Video Library.
We offer transaction processing, denial/payment variance reporting, and business intelligence analytics which deliver benefits across the revenue cycle and support provider’s administration simplification and cost reduction goals.
As a healthcare provider, you need to make the administrative process as easy as possible for patients and more efficient overall. PNC Healthcare is reinventing the way providers manage and collect revenue across the entire revenue cycle to help improve administrative and financial performance.
Collaborating with our clients, we provide customized solutions to:
The services offered include Claim Submission (837), Claim Status (276/277), Electronic Remittance Advice (835), and Electronic Funds Transfer (EFT). PNC continually adds new payer connections to our existing network as healthcare providers move towards 100% electronic transactions. Below is a link to our payer connections for Claim Submission (837), Electronic Remittance Advice (835) and EFT.
If you would like a list of payers for Eligibility (270/271) and Claim Status (276/277), or cannot locate a particular payer in the Healthcare Transactions Payer List accessible below, please contact PNC Healthcare Product Management at firstname.lastname@example.org.
By taking advantage of PNC’s healthcare payment network, payers can streamline the provider enrollment process, reducing the reliance on paper-based delivery. PNC offers automated solutions for disbursing both paper and electronic payments, allowing payers to convert to less costly electronic payments, while integrating with provider reconciliation systems.
Healthcare payers need a way to efficiently disburse paper and electronic payments and remittance information. They also need to work with many different providers across the country. PNC can help payers connect directly to over 600+ providers, reducing connectivity and customer service-related costs.
PNC offers payers a uniquely packaged disbursement solution that delivers remittance information (835/ERA or paper EOB) and payments (ACH, Wire or Paper Check) to their provider network via a single 835/ERA transmission and provider portal.
U.S. Healthcare Efficiency Index (2013, revised May 2014), p. 18.
PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”).
Banking and lending products and services, bank deposit products, and treasury management services, including, but not limited to, services for healthcare providers and payers, are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC.
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