MediStreams + KeyBank: Elevating Healthcare Payment Automation 

KeyBank, one of the nation's largest bank-based financial institutions that serves 15 states primarily across the Midwest and Northeast, has selected MediStreams to power its Healthcare Payment Management Platform. This new solution is designed to help healthcare organizations streamline payment posting, expedite remittance reconciliation, and eliminate manual steps that slow down the revenue cycle. 

This collaboration combines KeyBank’s industry-leading lockbox technology with MediStreams’ advanced healthcare remittance automation, providing a unified solution that enables faster and more accurate financial performance for healthcare providers nationwide. 

Automating the Complexities of Healthcare Remittance Processing

Healthcare organizations are managing a growing volume of payments and remittances from multiple sources, each with its own formats, rules, and systems. Keeping up with this complexity often means: 

• Extra manual work 

• Slower posting and 

• Delayed reconciliation 

MediStreams transforms these manual, error-prone workflows into streamlined, automated processes that support KeyBank’s healthcare clients through every stage of the revenue cycle management process. 

MediStreams Delivers Powerful Capabilities to KeyBank Customers

• Automated EOB Conversion 
  Convert paper EOBs, PDFs, or scanned documents into digital ANSI 835 files, reducing data entry time and improving posting accuracy. 

• Automated Remittance and Reconciliation 
  Eliminate manual posting with intelligent automation that simplifies ERA payment posting in medical billing, ensures EFT reconciliation, and speeds up cash posting in healthcare. 

• Medical Lockbox Integration 
  Combine KeyBank’s lockbox payment technology with MediStreams’ automation engine to create a fully integrated healthcare lockbox solution for faster, cleaner payment reconciliation. 

• Real-Time Visibility and Control 
  Access dashboards and analytics that provide a clear view of cash flow, remittance exceptions, and reconciliation performance—empowering healthcare finance teams to make smarter decisions. 

A Connected Ecosystem for Smarter Healthcare Finance 

This partnership reflects MediStreams’ broader mission: to create a connected ecosystem of banks, clearinghouses, and healthcare platforms working together to simplify remittance automation and strengthen revenue cycle management solutions for healthcare. 

By partnering with financial institutions like KeyBank, MediStreams helps healthcare organizations reduce administrative costs, improve operational efficiency, and achieve greater financial clarity—turning complex remittance workflows into scalable, automated systems that support long-term growth. 

Together, MediStreams and KeyBank help healthcare organizations eliminate manual posting, accelerate reconciliation, and gain complete visibility across the revenue cycle. 

If your organization is ready to simplify payment posting, improve EOB conversion, or strengthen your healthcare revenue management, we’re here to help.