Lock Box Information

• We instruct your payors, such as insurance companies, patients, etc to remit their payments to your financial institution lockbox address.

• Your bank's staff pick up your remittances directly from the Post Office frequently throughout the day beginning early in the morning.

• Trained lockbox personnel process remittances according to your unique instructions.

• Checks are deposited to your account on a same-day basis.

• Deposit and receivables information is sent to us for further processing

• Remittance detail information can be captured and transmitted electronically for updates to your receivables system.

Advantages:

• Aggressive mail pickup schedules and state-of-the-art processing offer you faster access to your funds for improved cash management.

• With lock box processing your remittances, SurgBill, Inc. does not have access to your payments, we only receive documentation to process your claims and appeals.

•  Lockbox Services offers a cost-effective way to minimize the risk of loss due to internal fraud.

• Detailed information about your customer’s payments can be reported in a format consistent with your current accounting procedures, providing you with an accurate, timely and efficient collection of receivables data.

The fees for this service will vary with your financial institution.

Website by Luis F. Aragon