With our ReSolve® Cashiering & POS Payment Solutions, configurable electronic cash drawer(s) are deployed to assist with the capture, posting and reconciliation of patient payments. Whether they’re a walk-in patient at the time of service or at any other time to make a payment, this virtual cash drawer solution can be deployed to collect copays, deductibles, prior patient balances, as well as other departmental non-A/R transactions and balances.
Improving Customer Service and Accounts Receivables (AR)
All recorded patient transactions are integrated to the appropriate host billing system for account application. Balances are subtotaled by payment type for deposit to the bank and corresponding reconciliation schedules. Due to this direct integration with the other ReSolve® systems modules (e.g., Cash Management & Treasury Reconciliation), this application helps to eliminate the need for completing separate cash logs, manual receipt generation, manual posting to patient accounts, and the need to use adding machines or external spreadsheets for re-balancing purposes.
Interdepartmental Funds and Bank Reconciliation
The cashiering function of ReSolve® provides for balancing, verifying, and recording deposits for all patient receipts and interdepartmental funds such as the Cafeteria, Coffee Shop, Financial Assistance (Charity Care), Gift Store, Pharmacy, and all Window (walk-in) self-pay patient payments.
System-wide integrations throughout the organization ensures cross-departmental Bank Reconciliation and Audit Controls that facilitate accurate statement generation & reporting, without the need for multiple spreadsheets and re-keying of payment information.
By integrating with your reconciliation processes and General Ledger entries, ReSolve® enables revenue reporting to be as accurate and current as possible, supporting regulatory compliance and audit requirements.
Contact RCMS for Enterprise-Wide Reconciliation
With a common interface to all revenue cycle applications provided by ReSolve®, improved efficiencies and achievement of KPIs can be realized. By integrating disparate work processes we provide for greater staff efficiency and intra-departmental sharing of information. Contact RCMS today about implementing enterprise-wide cash reconciliation for your organization.