Optimize Healthcare Financials with AI-Powered Cash Automation
Reconcile Cash Flow in a Fraction of the Time
Healthcare organizations collect payments through more channels than ever – cash, checks, credit cards, ACH, and payer portals – all of which have to be applied against patient invoices and non-patient revenue. Electronic payments still carry bank lockbox fees, and manual cash application inside patient accounting systems like EPIC or Cerner remains slow, repetitive, and error-prone. Splitting bulk payer payments across multiple departments or entities only adds to the workload.
Cashbook removes that manual layer. It automates cash application, deductions, and reconciliation so finance teams spend their time managing exceptions, not re-keying remittance data.
Applying this cash to patient revenue in systems such as EPIC or Cerner can be a slow and tedious process. Healthcare companies have a very difficult challenge with regard to understanding and reconciling cash flows quickly, this is a key element to survival in what is a very tough industry. Splitting cash from one bulk amount and assigning it to lots of other areas can be a nightmare when done manually.
One Place for All Your Cash Information
Cashbook is an add-on automation and productivity tool for Healthcare. It consolidates all your cash information in one location, and creates a daily overview of your cash position. Transform your financial operations and increase the productivity of your Accounts Receivable, Accounts Payable and Bank Reconciliation functions with Cashbook’s automation capabilities. We take into account cashflow going to patient health systems, such as EPIC and Cerner. Cashbook has been integrated with Lawson S3 previously, and now supports 10 ERP systems (with more being added regularly).
Automate your key financial processes
Cashbook automates the coding from bank statements to General Ledger codes. This includes automating Lockboxes, Credit Card files, Deductions and Decoupled Remittance details from emails and Web Portals. Cashbook can automate payables with Checks, ACHs, Wires and the new ISO 20022 formats. Cashbook’s Bank Reconciliation automation transforms your month-end into a daily reconciliation, the last day of the month is as easy the first day of the next month. We also automate the splitting of large cash payments into a fully customized format which suits your business needs.
Automate the Processes That Eat Finance Team Time
Cashbook automates:
- Coding from bank statements directly to your general ledger codes
- Lockbox and credit card file processing, with machine-learning-based OCR that removes the need for manual templates
- Deductions and decoupled remittance capture from emails, payer portals, and web submissions
- Payables – checks, ACHs, wires and ISO 20022 formats
- Bank reconciliation, turning month-end close into a daily process
- Splitting large bulk payer payments into customized, department-ready formats
Built on RPA, Machine Learning, and AI
Cashbook combines Robotic Process Automation, machine learning, and AI to handle the labor-intensive, repetitive work of cash application and reconciliation at high accuracy – freeing finance teams to focus on forecasting and cash strategy rather than data entry. Machine-learning-driven OCR continues to improve lockbox and remittance matching over time, and payment-prediction capabilities give treasury and finance leaders a clearer, earlier read on cash position.
A Proven Partner for Healthcare Finance
Cashbook works with healthcare finance and revenue cycle teams across the US, alongside 100+ organizations in more than 25 countries. Companies like CVS Health have implemented Cashbook in recent years and have seen a massive positive impact. The platform integrates with a wide range of ERP and banking systems and supports multi-currency, multi-language operations for organizations with complex, multi-entity structures.
Cashbook was named Credit Process Automation Team of the Year in 2025 and recognized as an AIBF All-Star Global Fintech Software Company of the Year.
If you’d like to see how Cashbook can streamline cash management for your healthcare organization, Book a Demo or Contact Us for more information.
Cashbook has great two-way integration with our JDE E1 environment.
We use their product to upload bank Lockbox images and once the customer/bank account relationship is initialized, Cashbook automatically identifies the customer going forward. We then go through a process of creating templates of the check remittance for each customer, which allows Cashbook to extract invoice data by way of their OCR functionality for auto-matching to our open invoices. Overall, Cashbook has listened to our needs and significantly improved the efficiency of our Cash Application processes.
