EOB for banking

KeyMark has helped many banking clients accelerate the collection and deposit of explanation of benefits (EOB) arriving daily via lock boxes. One challenge is the lack of standardization in EOB formats, with every insurance company issuing its own EOB version. Another challenge is the amount of time it takes to manually process EOBs.

To help banks meet these challenges, KeyMark's solution begins when the EOBs arrive. Incoming EOBs are automatically opened, scanned and sorted and data is converted into computer-readable images. The solution extracts and balances claim information from various formats, including unstructured formats. With KeyMark's solution for EOBs, you'll be able to exceed your service level agreements after the decrease in time it will take EOBs to be scanned, processed and posted to your system