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12

May

Lockbox

Posted by Mary Pat Whaley  Published in Definitions

A term referring to a service that:

collects mail delivered to a special practice Post Office Box (typically only payments)
opens the mail and discards the envelopes
separates the checks from the accompanying paperwork
scans or copies the checks and the accompanying paperwork
itemizes the checks on an electronic or manual deposit slip
deposits the checks in the practice’s bank [...]

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Tags: bank account, check-handling, deposit, lockbox, mail

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13

Nov

Standard Operating Procedure: How To Make A Bank Deposit

Posted by Mary Pat Whaley  Published in General

I am writing this post in response to seeing a lot of questions recently about making deposits.  Even if you know how to make a deposit, you could copy this post into a word document and with a few changes, use it for a protocol for your office.  So, here goes:

Make sure all mail and [...]

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Tags: deposit, EOB, insurance checks, patient pyments, posting checks

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