The Bank of New York Mellon and The SSI Group, Inc. have entered into an alliance that will enable health care industry clients to integrate SSI’s Web-based electronic document interchange (EDI) applications into BNY Mellon Working Capital Solutions’ range of revenue cycle product and service offerings.
Under this agreement, SSI’s EDI applications will be offered in conjunction with various BNY Mellon Working Capital Solutions services for health care providers, such as lockbox services for patient and commercial insurance payments, conversion of paper transactions to electronic remittance advices (ERAs), establishment of ERAs and reassociation of ERAs with electronic payments.
“One of the keys to managing working capital more efficiently in the health care space is fully integrating third-party solutions for managing front-end patient and provider information with the platforms used for billing, accounts receivable, patient payments, and other cash management operations. Our alliances with leading technology providers like SSI enable us to provide comprehensive, integrated end-to-end solutions,” says Greg Cicero, division head, BNY Mellon Working Capital Solutions.
“It is an honour to be selected as a provider for BNY Mellon Working Capital Solutions. This alliance will enable healthcare providers to use the comprehensive suite of services offered by both companies, which will provide a complete and comprehensive Revenue Cycle Management process. We are looking forward to this exciting new relationship,” adds Bobby Smith, president and CEO, The SSI Group, Inc.