Repetitive payments are excellent candidates for Electronic Funds Transfer , providing better service to the claimant and cost reductions over paper checks. Paper remittance advice, consistent with the legal requirements of many states, can also be printed by CheckWorks and mailed to the claimant. For claimants who do not have a banking relationship, CheckWorks can print out paper checks and remittance advice . Also, CheckWorks can automatically split out payments into paper and EFT payment streams.
Workers comp also involves payments to healthcare providers.
Healthcare payments are often for multiple claims, but to a single provider. Significant cost savings can be achieved by combining multiple claim payments into a single check or electronic payment. CheckWorks can combine payments to a single provider, providing a detailed listing of claim information on a single EOB or remittance advice. Contact Sales Dept.