Wachovia Strengthens Its Healthcare Industry Receivables and Cash Management Ca...(asyto track collections by individual as...),Health

Date:9/27/2007

asy to track collections by individual associate and by location. PatientPOS also improved our customer service levels by eliminating manual posting errors and dramatically cutting the time between payment collection and posting to our patient accounting system. The payback on our investment in PatientPOS has been both clear and demonstrable."

"Efficient and patient-friendly payment options are increasingly competitive differentiators for healthcare providers as the trend toward consumer-directed healthcare shifts a greater share of healthcare costs to consumers. Payment solutions must make it easier for patients to pay and providers to collect," said David Huie, senior vice president and PatientPOS product manager in Wachovia's Treasury Services division.

About Wachovia Treasury Services Division

Wachovia's Treasury Services, the third-largest U.S. cash management provider, tailors solutions for businesses of all sizes, geographies and industries. The company offers liquidity management solutions and a comprehensive suite of global integrated payables and receivables solutions, including electronic check conversion, accounts receivable conversion, ACH services, image solutions, a national wholesale and retail lockbox network, as well as commercial card services. Greenwich Associates' 2006 Middle Market Survey ranks the bank No. 1 in Customer Service and Operations Accuracy among cash management banks. Phoenix-Hecht's bi-annual surveys consistently give Wachovia's Treasury Services products top grades across mid-market and large corporate markets for quality and customer satisfaction. Ernst and Young's 2006 U.S. Cash Management Survey ranks the bank number 3 in market share, and ranks the bank's information and access product, Wachovia Connection(r), No. 1 for the highest number of Information Reporting Internet Accounts.

About Wachovia

Wachovia Corporation (NYSE:

SOURCE Wachovia Corporation Copyright©2007 PR Newswire. All rights reserved

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