Processing EOBs with OCR
Explanations of benefits, also known as EOBs, are documents issued by health insurance carriers that go with payment bills. Healthcare providers always need immediate assistance when processing EOBS. They need to know if payments have been received. If not, they need to file an immediate claim or cancel one if the payment is received. These actions need to be immediate which is why processing EOBs with OCR is considered one of the most important components needed in the medical industry. EOBs must be attached with the bill because medical services are expensive and customers would want to know what they are paying for.
Why Are Individuals Processing EOBs with OCR?
Processing EOBs with OCR helps make all explanations text searchable which can help locate a patient file within seconds to see if payment has been sent or not. If the employee is sick and cannot locate the information, another employee can access the content because the OCRed information can be shared within the network.EOBs are usually hundreds of pages long, which includes information about the patients treated and the services provided. Since there is important data located in the files, processing the EOBs with OCR can make the data accessible. Processing EOBs can also display a history of the actions taken regarding a claim which allows the insurance provider and client know which treatments were received. Many times when claims are denied, clients want a good reason for the rejection. This information appears on the EOB, which helps a client decide if he needs to appeal.
Processing EOBs with OCR Solutions
There are many solutions regarding methods of processing EOBs with OCR. One popular method is to buy software. The software can be purchased at various reputable locations. However, it is always recommended that you download demos beforehand. Since they are free and allow you a glimpse of what the product contains, demos are a great way to determine if a specific product is right for you. CVISION is offeringa free 30 day trial of their product that you can download here.Known for its ability to OCR over 20 pages per second and an accuracy rate over 99%, the product is becoming a favorite among those who need fast and efficient OCR products.