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BancTec Provides Thought Leadership at 7th Annual Medical Banking Institute
Date:3/9/2009

Conference seeks to create better value, lower transaction costs in healthcare industry

DALLAS, March 9 /PRNewswire/ -- BancTec, a global provider of advanced, high volume document and payment processing services and solutions, will once again partner with other industry leaders in an effort to improve health costs, quality and access by serving as the Educational Grantor Sponsor at the 7th Annual Medical Banking Institute, to be held March 11-13 in Nashville, TN.

Richard Mobley, vice president of Healthcare Services for BancTec, will discuss specialized lockbox programs as part of a session on the emerging role of banks in health data processing. BancTec will also host the conference's Reception and Networking Gala.

The Institute is hosted by the Medical Banking Project (MBProject), a think tank comprised of industry leaders, legal analysts and other professionals who work to lower healthcare costs by researching and facilitating cross-industry models that optimize banking resources for healthcare. The organization coined the term "medical banking(TM)" to denote the emerging global convergence of banking and healthcare systems.

In recent years, BancTec has built a growing portfolio of solutions and services that support the healthcare industry, highlighted in the U.S. by its RemitCycle 360(TM) revenue cycle management solution, which automates and unifies the administrative and financial events between providers, payers and banks. This HIPAA-compliant payment system processes electronic remittances (835 transactions) and facilitates the electronic processing of explanation of benefits (EOBs) and money transactions from health insurers to healthcare providers. The RemitCycle 360 system improves collections, materially reduces administrative expense and improves bill to post.

"We are glad to extend our sponsorship of the Medical Banking Institute to a second year as it
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SOURCE BancTec
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