 Clinical Lab at the Forefront of Check 21 Processing
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 for remittance processing
• Centralized platform
• Lockbox processing
• Distributed capture
• Custom archive solution
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