No one wants unplanned write-offs and the resulting loss of net revenue. Crowe Automated Reconciliation performs a daily, three-way match between the bank, your patient accounting system, and your general ledger.
Automatically reconcile unapplied cash.
Identify exception items via a Crowe unique payor identifier to reduce large, unapplied cash balances and reduce risk, with average match rates above 95%.1
Gain visibility and control.
A highly reliable Crowe Automated Reconciliation process and real-time visibility into payment status gives you more control over your true balance of unapplied cash.
Properly account for all cash.
Easily track and transfer provider-based status payments to their appropriate entity, with daily matching for increased accuracy.
Free up your people for value-adding activities.
Tedious manual entry is a poor use of your team’s resources. With Crowe Automated Reconciliation processes, you can allocate hours to more strategic initiatives.
A two-way match is incomplete and can leave gaps in your cash reconciliation process. Crowe Automated Reconciliation assigns a Crowe unique identifier to each payment and follows cash to the general ledger.
Crowe Automated Reconciliation tracks payments at the transaction level with a Crowe unique identifier, which matches all bank deposits, including lockbox and credit card detail transactions.
Using a Crowe unique identifier, our tool can track payment postings to your patient accounting system, even if the systems are disparate. It’s hard to build an internal tool that can provide this level of detail.
Finally, Crowe Automated Reconciliation uses a Crowe unique identifier to track the payment deposit and its posting to the proper general ledger account.
Average match rates above 95%.2
Credit card match rates at 98% and higher.3
Shift up to 30% of your FTE hours to other tasks.4
Our team has more than two decades of experience automating net revenue solutions for large health systems and community-based entities.
Crowe RCA Next
Our net revenue reporting tool is used by more than 1,700 hospitals. Understand, explain, and project accrual-based net revenue based on accurate numbers at any time.
Healthcare unclaimed property
Using machine learning, we’re able to deliver high-confidence predictions on credits, with fewer touches from your team.
Uncompensated care reporting
Turn to our team of dedicated reimbursement specialists, who use Crowe RCA data to maximize uncompensated care reimbursement from federal and state funding sources.
Our latest thinking
Ease into healthcare automation with 5 simple steps
Healthcare cash reconciliation and finance operations
1, 2, 3, 4 Source: Crowe Automated Reconciliation data, October 2022.