Fifth Third Bank

News Release

 

Fifth Third Bank Launches RevLink ExpressSM for Small-to-Mid-Sized Healthcare Providers

3/22/10

Healthcare revenue management solution to streamline payment posting process

Fifth Third Bank today announced the launch of its new RevLink Express product, an easy-to-use solution designed to increase back office efficiencies for small-and medium-sized healthcare providers.

RevLink Express, a part of the Fifth Third Bank RevLink SolutionsSM healthcare product suite, offers clients the ability to post and manage paper-based claim payments online, streamlining receivables management activities without requiring complex data integration. Healthcare staff can also quickly review paper and electronic claim payment history indexed by elements including patient name, account number, payer and other topical fields to quicken research and other follow-up activities.

“RevLink Express takes our product offering to a new level,” said Stuart Hanson, vice president of Healthcare Solutions at Fifth Third Bank. “We now offer a breadth of solutions that can be easily implemented and provide dramatic value to healthcare providers of virtually any size.”

By leveraging Fifth Third Bank’s image-based lockbox network and new virtual Healthcare Electronic Deposit Manager, claim payments and Explanation of Benefits (EOBs) are imaged and indexed at a patient level. This allows for enhanced ease of access and quick retrieval from the Bank’s secure web-based RevLink PortalSM.

RevLink Express offers an effective alternative for providers who do not have the volumes, resources or abilities to utilize Fifth Third Bank's full suite of integrated revenue cycle solutions and services offered in the Bank’s comprehensive RevLink PremierSM product.

For more information on RevLink Solutions products including RevLink Express, contact Fifth Third Bank’s Healthcare Product Solutions Team at NationalHealthcareProduct@53.com.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $113 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,364 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2009, has $187 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB." Fifth Third Bank, Member FDIC.