SunTrust eClaim Solution Helps Healthcare Providers Significantly Improve
Efficiencies in Payments and Claims Processing
ATLANTA, Nov. 13, 2013
ATLANTA, Nov. 13, 2013 /PRNewswire/ --SunTrust Banks, Inc. (NYSE: STI) today
announced the introduction of eClaim Revenue Gateway (eClaim), a healthcare
receivables solution for medical providers, clinics and hospitals of all
sizes. eClaim is a secure online service for reconciling healthcare claims
data with payment information, helping to streamline the receivables process
and shorten the revenue cycle.
"Healthcare providers are well aware of the advantages of payment automation
and reconciliation, including improved overall efficiency in payments and
claims processing," said Eric Brewer, executive vice president of Treasury &
Payment Solutions at SunTrust. "Our solution, eClaim Revenue Gateway, assists
healthcare providers in optimizing their revenue cycle management and
addresses key pain points for healthcare providers by offering a practical
solution to automate receivables and reconciliation processes."
eClaim converts Explanation of Benefits (EOBs) documents into electronic
images, and captures and merges EOBs, Electronic Remittance Advices (ERAs) and
patient payment data into a fully customized electronic posting file for
claims re-association, research, and reporting, eliminating the need for data
Configurable business rules help increase accuracy rates so providers are able
to accelerate processing and improve workflow.
Additional benefits available with eClaim include enhanced reporting
capability, a ten-year archive, and fast retrieval of remittance information.
SunTrust has partnered with MediStreams, LLC, a Georgia based technology
company, to provide the solution to its clients.
Aaron Grandison, president of MediStreams, said, "The eClaim Revenue Gateway
remittance automation solution substantially increases efficiencies for
providers allowing them to refocus resources on critical aspects of healthcare
More information on eClaim Revenue Gateway can be found online at Healthcare
Receivables | Insurance Claims from SunTrust or call 800-786-8787.
About SunTrust Banks, Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest
banking organizations, serving a broad range of consumer, commercial,
corporate and institutional clients. As of September 30, 2013, SunTrust had
total assets of $171.8 billion and total deposits of $128.9 billion. Through
its flagship subsidiary, SunTrust Bank, the company operates an extensive
branch and ATM network throughout the high-growth Southeast and Mid-Atlantic
States and a full array of technology-based, 24-hour delivery channels. The
company also serves clients in selected markets nationally. Its primary
businesses include deposit, credit, trust and investment services. Through
its various subsidiaries, the company provides mortgage banking, asset
management, securities brokerage, and capital market services. SunTrust's
Internet address is suntrust.com.
MediStreams is a Medical Banking and Healthcare Revenue Cycle Management
company that focuses on the automation of the healthcare remittance process.
If you would like to learn more about MediStreams, please visit the
MediStreams website at www.medistreams.com.
SOURCE SunTrust Banks, Inc.
Contact: Hugh Suhr, 404-827-6813
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