Bank of America and Third Millennium Healthcare Systems, Inc. to Provide Integrated Lockbox Solution for Baylor Health Care System
The document imaging and remittance management components of Third Millennium’s i.suite™ software solution, in conjunction with the Bank of America’s Image Lockbox, allow Baylor to operate its accounts receivable collection process in an industry unique paperless environment. With the integration of Bank of America’s Image Lockbox and Third Millennium’s i.suite applications, Baylor obtains more efficient access to remittances for faster cash posting and account resolution. The combined solution adds functionality to Baylor’s existing systems and increases the productivity and accuracy of their Centralized Business Office operations while yielding a high return on investment. The integrated lockbox solution improves cash flow and workflow by reducing the problems, delays and cost associated with paper.