LabCorp is at the forefront of Check 21 processing and as it continues to grow and maintain its industry leadership, RP Solutions will be right there with them.
• Industry - Healthcare
• Challenge - Significant volume growth and several remote locations
• Solution - Centralized lockbox processing and distributed capture
Laboratory Corporation of America Holdings (LabCorp) is one of the world's largest clinical laboratories with revenues of $4.1 billion in 2007. Their remittance processing environment is notably complex. The company receives mail-in payments at 14 PO boxes. Processing occurs at their main site and one remote location. They process a diverse set of documents including personal and business checks, multiple payment coupons and lengthy full-page insurance statements. Supporting the company's rapid growth and dynamic business environment was the challenge for LabCorp's remittance processing operation.
The solution includes:
Check 21 for image based check processing and clearing
NCR 7780 check imaging transports
ExpertRPS - RP Solutions' flagship remittance processing solution
Lockbox payment processing
Custom archive solution