New Service Streamlines Payments in Healthcare Sector
Blue Cross of California and Bank of America Global Treasury Services (GTS) have launched the Bank of America Global Advice service for Explanation of Benefits, which will expedite the electronic delivery of payments and paperwork to health care professionals. The platform will allow Blue Cross to offer expanded information services to physicians, allowing them to automate and streamline their claims payments and paperwork. According to GTS, Global Advice will provide health care professionals with a simple tool for downloading payment detail into a common format, spreadsheet, or accounts receivable system. In addition, it will notify health care professionals by e-mail when new information is posted to their account.