How does Epic Resolute aid in 'end-of-day reconciliation'?

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Epic Resolute assists in end-of-day reconciliation primarily by consolidating payments and charges for review. This process is essential for ensuring that all financial transactions for the day are accurately accounted for. By compiling various payment and charge data, it allows billing staff to cross-check and confirm that the amounts billed to patients align with the payments received. This consolidation also helps in identifying discrepancies, ensuring that everything is balanced before closing the day's financials.

Proper reconciliation not only aids in maintaining accurate financial records but also supports the practice in forecasting revenue and identifying any patterns that may need addressing. Thus, it plays a critical role in the financial management of a healthcare organization, making it a vital function of Epic Resolute's capabilities in supporting billing offices.

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