KeyBank has selected MediStreams’ payment and remittance technology to power its new payment management platform, designed to assist healthcare organizations in simplifying payment processing, accelerating reconciliation, and reducing administrative costs.
Offered under the KeyBank brand, the platform integrates KeyBank’s existing lockbox technology with MediStreams’ automated posting and reconciliation capabilities. This collaboration aims to create a more integrated and responsive experience for healthcare clients.
KeyBank chose MediStreams for its healthcare sector expertise, automation capabilities, and customer service commitment. JJ Blair, Head of Product Development and Healthcare Product at KeyBank, stated, “Healthcare organizations are under pressure to optimize every step of the revenue cycle, and we sought a fintech relationship with deep expertise in healthcare payments, innovative technology, and the level of service our clients expect. By integrating our lockbox technology with MediStreams’ posting and reconciliation capabilities, we’re delivering a seamless experience that reflects KeyBank’s broader commitment to providing healthcare clients with comprehensive, industry-specific financial solutions.”
John Koch, COO and Co-Founder of MediStreams, commented on the partnership, noting, “KeyBank’s decision underscores what we hear from providers every day: their clients want automation that reduces manual work, accelerates posting, and delivers reliable accuracy with a relationship they can trust. By powering KeyBank’s Payment Management Platform, MediStreams helps healthcare organizations cut administrative costs, speed revenue capture, and strengthen their overall revenue cycle performance.”
MediStreams is a provider of automated revenue management systems for healthcare. The company’s technology is designed to ingest remittance data from various sources, including lockboxes, PDFs, and EDI, converting it into standardized, posting-ready outputs for cash application and operational visibility. It serves healthcare providers, clearinghouses, and financial institutions by automating manual tasks and expediting reconciliation.
