Emdeon's electronic payment processing capabilities dramatically improve billing efficiencies. With Emdeon Electronic Lockbox Services, your staff no longer wastes time sorting mail, opening and posting payments, creating deposit tickets, or making bank deposits. Instead, Emdeon cuts hours and costs as posting errors virtually disappear. In addition, Emdeon Electronic Lockbox Services also provides money saving follow-on services, including electronic bill presentment and payment using an electronic lockbox.

Emdeon Electronic Lockbox Services works in retail, commercial, and government payment posting applications and operates in partnership with top national banks so you get all the advantages of high volume, high quality operations from respected lockbox processors. Emdeon Electronic Lockbox Services is Internet ready and can be optioned to collect payments from electronic and paper sources. This includes bill presentment, as well as EDI or other peer-to-peer interchange. Electronic Lockbox Services is managed, balanced and controlled by Emdeon thereby freeing you from the grind of handling payments to focus on other business matters.

• Emdeon repair facility reduces exception handling
• Reduces multiple vendor problems
• Automatic payment posting
• Automatic NSF Reversals and Posting
• Automatic credit card authorization, posting, and accounting
• Digital scan line QA by Emdeon
• Fewer resources required to handle both routine and exception billing
• Eliminates check and list from automated bill payers (converted at lockbox)
• Payment Processing applies your business rules to the distribution of payments when the invoice and remittance amounts do not agree
• Payment Processing transmits remittance advice to you using FTP, bulletin board, or email delivery
• Provides a foundation for other Emdeon electronic delivery and payment services

• Decreases cost of service due to large volume discount
• Reduces errors