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BancTec and Enterprise Bank & Trust Partner to Deliver Revenue Cycle Management for Healthcare Providers
Date:6/3/2008

BancTec's RemitCycle 360(TM) business process outsourcing (BPO) solution

forms core of end-to-end claims entry, processing and administration

services

DALLAS, June 3 /PRNewswire/ -- BancTec, a global provider of advanced, high volume document and payment processing services and solutions, has signed a five-year agreement with Enterprise Bank & Trust, through which Enterprise will market BancTec's RemitCycle 360 solution as an outsourced, revenue cycle management offering to healthcare providers in the Midwestern United States. Enterprise Bank & Trust, a subsidiary of Enterprise Financial Services Corp, has facilities throughout the Kansas City and St. Louis metro areas.

BancTec's RemitCycle 360 solution is designed for financial institutions that offer treasury management services to healthcare providers. The solution reduces administrative costs and claim-to-payment cycle times when processing insurance paperwork.

"We are excited about marketing BancTec's RemitCycle 360 revenue management solution to our healthcare clients as a way to help them automate the capture, transmittal and access to claims information," said Mark Lawson, senior vice president, Treasury Management, for Enterprise Bank & Trust. "We will soon pilot the solution with one customer in Kansas City and one in St. Louis, and look forward to implementing it with many others over the next several years."

"Enterprise Bank & Trust is a growing presence in the Midwest and will help to deliver the RemitCycle 360 solution to healthcare providers in the region," said Jeff Brown, vice president of BancTec's Business Process Outsourcing (BPO) practice in the Americas. "Working with Enterprise Bank & Trust will enable us to demonstrate for other financial institutions how they can help their healthcare clients reduce costs and improve operations with this outsourced solution."

The RemitCycle 360 solution provides HIPAA-compliant
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SOURCE BancTec
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