And the partner is in health care...a claim clearinghouse company...a little bit of outsourced business intelligence reporting if you will...also a little work for another firm in the EOB area..BD
Cincinnati-based Fifth Third Bank is reselling the services of a clearinghouse and software vendor to augment its lockbox banking services for health care providers. The data can be analyzed, for instance, to see how many claims for orthopedic procedures were generated in certain geographic areas.
The bank, with more than 1,200 offices in 11 states, is working with Dallas-based GHN-Online Inc., a claims clearinghouse, to process transactions and capture claims data. That data can be analyzed to better improve account receivables by comparing expected and actual insurer reimbursement, which helps improve revenue forecasting, says Nav Ranajee, vice president and director of health care solutions at Fifth Third.
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