SolutionS
Medical Lockbox, Designed for Healthcare Revenue
Less paper. More payment.
Automate EOBs, checks, and correspondence to eliminate delays and errors in your revenue cycle.
XBP’s Medical Lockbox replaces manual, error-prone remittance processing with secure, AI-powered automation that captures, converts, and reconciles payments in real time. Paper EOBs, checks, and correspondence become post-ready 835 files—accelerating cash flow and reducing denials.
Built for compliance and scale, the solution integrates seamlessly with your billing and RCM systems, providing full visibility into deposits and trends. Healthcare organizations using Medical Lockbox cut A/R days by up to 35%, reduce costs by 66%, and automate over 90% of payment posting, all while maintaining HIPAA, SOC 2, and PCI compliance.
End-to-End Remittance Automation
Every step from receipt to posting is digitized, verified, and reconciled.
AI-Powered Data Capture
AI intelligently reads EOBs, checks, and correspondence across payers and formats with high accuracy.
EOB-to-ERA Conversion
Converts paper remittances into post-ready 835 files that integrate directly with billing and RCM systems.
Integrated Payment Reconciliation
Matches payments, adjustments, and deposits in real time for complete financial accuracy and visibility.
Denial and Underpayment Insights
Analytics reveal denial patterns and underpayments, supporting faster recovery and smarter revenue decisions.
System-Agnostic Integration
Generates standardized output compatible with all major EHR, PMS, and RCM platforms.
Security and Compliance by Design
Compliant with HIPAA, SOC 2, and PCI standards, featuring encryption, role-based access, and audit trails.
Unified Cash Management
Consolidates checks, ERAs, ACH, and patient payments into a single view for simplified treasury management.
24/7 Audit and Reporting Portal
Gain continuous, real-time visibility into all remittance transactions, exceptions, and reconciliation status.
Benefits
- Accelerate revenue cycles by automating remittance processing and eliminating manual posting.
- Reduce A/R days and claim denials through accurate EOB-to-ERA conversion and reconciliation.
- Lower costs and boost productivity with AI-driven data capture and digital workflows.
- Improve visibility and compliance with real-time dashboards, encryption, and audit trails.
- Simplify treasury management and ensure scalability across all facilities.