Misys FastReceipt eliminates the time-consuming task of opening and sorting mail, manually posting patient payments, preparing deposit tickets, and having the funds deposited into the practice's bank account. Misys FastReceipt electronically retrieves payments from a lockbox and automatically posts them to your Misys practice management system. Misys FastReceipt is the solution you've been looking for.
Benefits of Misys FastrReceipt
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Increased operational efficiency – Your staff will become more productive by reducing the time-consuming task of opening and sorting mail, and manually posting patient payments.
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Improved accuracy and processing time – By automating the patient payment posting process, you dramatically increase the speed and accuracy of your posting process.
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Improved cash flow – Mail payments are received faster through post net bar coding. Plus, the funds are deposited into your local account the next business day.
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Improved banking services – Not only can you continue your existing banking relationship, but your banking fees should be significantly reduced as a result of Misys FastReceipt handling the clearing of all your patients' checks.
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Enhanced security - Ensures the security of patient payments and improves your financial audit controls
Features of Misys FastReceipt
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The transmission process is completely integrated into your Misys practice management system so no additional keying or transfer of data is necessary.
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An Optical Character Recognition (OCR) line is printed on the patient remittance portion of the Misys FastBill statement, which contains the patient account number, your practice ID number, the patient statement balance and a check digit to verify that the information is accurate.
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Patient payments come into the Misys FastReceipt lockbox where the bank opens and processes the mail.
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The Misys FastReceipt lockbox is controlled by one of the nation's premier remittance processing banks, which was carefully selected to process patient payments for Misys clients.
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The remittance is scanned electronically and a computerized payment file is built to capture the information that is recorded in the OCR line.
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The payment file is transferred daily to Misys Healthcare Systems' clearinghouse and placed into your electronic mailbox.
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After reviewing this file, you can simply press a key and these payments will be applied automatically to patients' accounts.
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Misys FastReceipt supports both balance forward and open item payment posting.
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Within 24 hours, the processing bank will electronically transfer the funds collected on your behalf to your local bank account.
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Misys FastReceipt will provide all the necessary reports to make sure your automatic deposits equal the funds posted to the patients' accounts.
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