MEDICAL LOCKBOX MANAGEMENT + INTELLIGENT CONVERSION AUTOMATION
Streamline your paper remittance workflows with VersaPaper AI EOB Conversion.
Manually keying EOBs can take up to 4 minutes per claim. Streamline your payment posting workflows with VersaPaper AI - Paper Remittance Conversion Management Platform for Healthcare.
HOW IT WORKS
Lockbox Management
Reduce manual processes with VersaPaper’s Conversion Management Workflows.
Intelligent Conversion Automation
Reduce the burden of manual data entry with automated paper remittance conversion.
Secure Provider Portal
Give providers portal access to EOB Data or deliver directly to a PM or HIS.
LOCKBOX MANAGEMENT
VersaPaper Lockbox Management streamlines your remittance
processing workflows.
VersaPaper automatically parses large lockbox files into individual
transactions and accurately categorizing transactions into transaction types. This eliminates the manual preparation process associated with handling EOB Images (PDFs, TIFFS) directly from medical lockboxes.
For RCM Outsourcing Firms offering conversion services or a Bank offering add-on services for Medical Lockboxes ́
Return files in the format your clients need – 835s, correspondence, and patient payments.
Deliver converted transactions seamlessly to multiple destinations.
Batch conversion workflow management – automatically assign, route, and re-route documents based on type.
Provide end-to-end visibility for remittances, patient payments, anddenials
CONVERSION AUTOMATION
High Volume EOB to ANSI 835 Conversion Automation
Securely assign remittance by category to VersaPaper AI for conversion to ANSI 835 with human verification or to an external processor. After successfully converting the transactions, VersaPaper’s trained RPA workflows reassemble the batch and automatically pushes the converted remittance batch to your Practice Management / Billing Systems, adhering to pre-defined business rules for streamlined reconciliation and payment posting.
For Clearinghouses, Banks, RCM Outsourcing Firms and Medical Groups
Save 4 minutes per claim – allowing staff to focus on higher-value tasks.
Automate up to 30% of transactions while reducing manual keying by 70% with 837 matching.
Contextual Data Recognition – Identifies payer names, claim numbers, and payment details even when formatting varies across different EOBs.
Intelligent Field Mapping – Matches unstructured text from scanned documents to the correct ANSI 835 data fields.
Error Detection & Confidence Scoring – Flags potential misread data points and provides confidence scores for manual review (reconnoissance). Ensures reliable data extraction.
Adaptive Learning – Improves accuracy over time by recognizing patterns in payer-specific EOB layouts.
PER CLAIM
7 Min.
SAVE
AUTOMATE
30%
OF TRANSACTIONS
BRANDED PROVIDER PORTAL
View, Download and Run Reports.
Empower Clients with your own custom branded, searchable portal. VersaPaper’s Secure Provider Portal is a highly customizable portal with a searchable database, making it easy to access claim and remittance information, process EOB conversions, and manage your remittance documents.
White Label a secure portal for your customers to access converted EOB remittance data and run reports.
View 835 files as an easy-to-read virtual EOB (ERA) – ensuring clarity and usability for all stakeholders.
Global Search with keyword-indexed documents (EOBs & correspondence).
Make EOB Data Searchable. Search by claim number, patient name, payer name, or other 835 segments—all in one place. Research payer issues, respond to audits, or handle patient inquiries.
Manage remittance anyway “you” want it.
ANSI 835s, Correspondence CSVs, Patient Payment Reports converted transactions seamlessly to multiple destinations.
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