Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Wisdom Lu, treasurer at managed care provider Health Net Inc., remembers the days when tens of thousands of checks, accompanied by tens of thousands of Explanations of Benefits (EOBs) and forms from employers wishing to add or remove employees from plans, flowed monthly into the company’s various bank lockboxes across the country. She recalls (not fondly) the hours upon hours of manual input required of her staff and the banks’ to process the mounds of paper and the usual erroneous data entries that necessarily followed. After all, this was the way it was done less than two years ago.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.