Maker of data storage equipment EMC Corp. has announced the availability of EMC Captiva InputAccel for EOBs, a new document capture software solution designed to help healthcare providers streamline and accelerate the processing of explanation of benefit (EOB) forms.
Built on EMC Captiva InputAccel, EMC's flagship document capture software platform, InputAccel for EOBs transforms paper EOBs into digital images from which critical data is automatically extracted, validated and delivered into revenue cycle management (RCM) and other backend systems to facilitate faster reconciliation. The solution employs forms processing and intelligent document recognition technologies to classify incoming documents and from them, immediately extract and export information such as EOB date, remit date, claim number, total charge and tabular line item detail.
"Processing EOBs has been an ongoing problem for medical providers due to the EOBs' often complex structure and increasing volumes," said document imaging analyst and consultant Harvey Spencer, Principal of Harvey Spencer & Associates. "Until quite recently, the technology to automate the processing of EOBs hasn't been advanced enough to make a serious dent in the costs and lost revenues involved. EMC Captiva's document capture and forms processing experience and its advanced document recognition technologies position the company to offer a solution that should be well received by healthcare and service providers."
