Acentra Health's financial management and reporting features support rapid payment processing for claims, non-claim adjustments, and encounters to ensure accurate payments to program participants. The financial management solution manages payments and recoupments with accounts payable, accounts receivable, and general ledger activities that include collections, interest, and cash receipts. Built into the CMS-certified Core Claims module on Acentra Health’s evoBrix X™ platform, the financial management and reporting features easily integrate with treasury systems to programmatically track and record all transactions, helping agencies to identify and mitigate any potential issues to ensure regulatory compliance. These robust financial reports can be utilized to assist agencies with managing current operating budgets and preparing future budgets, as well as meeting CMS reporting requirements.
Record, validate, and disburse funds with rapid precision
The financial management and reporting solution within the Core Claims module has the ability to configure account code structure and rules tailored to an agency’s program standards. Additionally, our platform transfers adjudicated claims and encounters data, and sends payment summaries securely and directly to an agency’s treasury system. Accounts payable and receivable data is settled and summarized for accurate accounting and reporting. After treasury processing, providers, health plans, and other program participants receive payment by paper check or electronic transfer.
Acentra Health’s financial management solution additionally provides profile-based security options for authorized analysts, approvers, and administrators, enabling them to create and approve functions for accounting controls.
What Our Partners Say About Acentra Health
"We needed to replace outdated technology, which was inefficient to modify and had high maintenance and operation costs. We are pleased to have met our goal of implementing a new solution quickly with very little disruption to our providers and appreciate the dedication of the state staff working on this project with [Acentra Health]."
— Teri Green | State Medicaid Agent and Healthcare Financing Division Senior Administrator, Wyoming Department of Health
"The [Acentra Health] team has consistently provided fantastic service and support throughout numerous initiatives. Not only did they complete required tasks on time, they also proactively identified a business need and delivered new visualization data to help us better track encounter data submissions. [Acentra Health’s] commitment and dedication to the CMS mission is evident and much appreciated."
"With this full approval from CMS for [the evoBrix™ Provider Management module], AHCCCS [Arizona] and Med-QUEST [Hawaii] are now poised to be able to streamline the provider enrollment process, improve the providers’ user experience, and eliminate previous manual enrollment processes. Moving to this cloud-based solution is one more step toward modernizing the technology we use to provide health care services to the nearly 2.2 million Arizona residents and 430,901 Hawaii residents enrolled in Medicaid.”
— Kristen Challacombe | AHCCCS deputy director of business operation
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