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Description
For businesses that handle a substantial volume of transactions, a system is designed to foster seamless connections between banks and ERP systems. This approach has been shown to enhance cash flow, eradicate manual tasks, lower days sales outstanding (DSO), and boost cash visibility. By automating intricate financial tasks, it revolutionizes the finance department. Users have access to a unified hub where they can document notes, view lockbox images, eliminate deductions, and attach real-time information. The intelligent software predicts payment trends based on past performance, underscores overdue accounts, and automatically generates user-defined dunning letters. With these advancements, firms can anticipate increased efficiency in collections and a significant drop in DSO. Revenue and profits often dwindle due to the deduction process, which can be initiated by both large and small companies using specific customer codes and reasons. It allows for deduction management to be adjusted to any bank file or remittance format, facilitating quick review and approval of deductions. Additionally, users can devise reason and deduction codes directly from remittance data, irrespective of the ERP system in use. This comprehensive solution ensures that businesses can efficiently manage their financial operations and significantly reduce losses related to deductions.
Description
Vetriq is an innovative platform aimed at automating healthcare revenue cycle processes, specifically targeting the tedious manual tasks associated with payment posting, remittance handling, and financial reconciliation for medical facilities. By streamlining the management of Explanation of Benefits (EOB) documents, payer communications, and bank lockbox transactions, it effectively turns incoming payment details into organized electronic data that can be easily integrated into revenue cycle management systems. Rather than necessitating a complete overhaul of a healthcare organization's banking, lockbox services, or existing revenue cycle management framework, Vetriq seamlessly connects with current banking partners and practice management or EHR systems to enhance existing workflows through automation. Its powerful processing engine is capable of converting paper EOBs into standardized electronic remittance formats like 835, which not only eliminates the burden of manual data entry but also dramatically lessens the administrative workload. Ultimately, Vetriq empowers medical organizations to improve efficiency and accuracy in their financial operations while maintaining their established systems and relationships.
API Access
Has API
No
API Access
Has API
No
Integrations
Availity
No
Change Healthcare
No
NextGen
No
TriZetto
No
Waystar
No
XIFIN LIS
No
athenaOne
No
eClinicalWorks
No
Integrations
Availity
Yes
Change Healthcare
Yes
NextGen
Yes
TriZetto
Yes
Waystar
Yes
XIFIN LIS
Yes
athenaOne
Yes
eClinicalWorks
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$22 per hour
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Cashbook
Founded
1992
Country
Ireland
Website
www.cashbook.com
Vendor Details
Company Name
Vetriq
Country
United States
Website
vetriq.com
Product Features
Accounting
Accounts Payable
Yes
Accounts Receivable
Yes
Bank Reconciliation
Yes
Billing & Invoicing
Yes
CPA Firms
Yes
Cash Management
Yes
Cryptocurrency Support
No
Expense Tracking
Yes
Fixed Asset Management
No
Fund Accounting
No
General Ledger
Yes
Government
Yes
Multi-Currency
No
Nonprofits
Yes
Payroll Management
No
Project Accounting
No
Purchase Orders
Yes
Tax Management
Yes
Banking
ATM Management
No
Compliance Tracking
Yes
Corporate Banking
Yes
Credit Card Management
No
Credit Union
No
Investment Banking
No
Multi-Branch
Yes
Online Banking
No
Private Banking
No
Retail Banking
No
Risk Management
No
Securities Management
No
Transaction Monitoring
Yes
Financial Reporting
"What If" Scenarios
No
Audit Trail
No
Balance Sheet
Yes
Cash Management
Yes
Consolidation / Roll-Up
No
Forecasting
No
General Ledger
Yes
Income Statements
Yes
Multi-Company
No
Multi-Department / Project
No
Profit / Loss Statement
No
Payment Processing
ACH Check Transactions
Yes
Bitcoin Compatible
Yes
Debit Card Support
Yes
Gift Card Management
No
Mobile Payments
Yes
Online Payments
No
POS Transactions
Yes
Receipt Printing
Yes
Recurring Billing
Yes
Signature Capture
No
Product Features
Revenue Cycle Management
Accounts Receivable
No
Claims Management
No
Collections Management
No
EHR/EMR Integration
No
For Healthcare
No
ICD-10 Compliance
No
Insurance Verification
No
Medical Billing
No
Patient Portal
No
Patient Registration
No
Patient Scheduling
No
Payment Processing
No
