Wise Statements + Medical Practices Workflow
As medical practice owner, you regularly handle Wise bank statements. Medical practices receive payments from insurance companies, Medicare, Medicaid, and patients — each with different reimbursement schedules and reconciliation requirements.
BankScan AI: Wise to Excel for Medical Practices
BankScan AI converts Wise statements to Excel automatically — handling DD-MM-YYYY and multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Convert practice bank statements to Excel to reconcile insurance reimbursements, patient payments, and vendor costs for accurate practice financial management.
About Wise Statement Format
Wise multi-currency statements include transactions in multiple currencies with exchange rates. BankScan AI preserves currency codes, rates, and fee breakdowns.
Wise Statement Quirks
Wise uses DD-MM-YYYY with multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Common issues: Multi-currency accounts generate separate sections per currency that can fragment during parsing, transfer fee breakdowns add extra rows between transactions, and the mid-market exchange rate details create additional text within each transfer entry. BankScan AI handles all of these automatically.
How Medical Practices Handle Wise Statements
When working with Wise statements, medical practices need to Medical practice administrators reconcile ERA (Electronic Remittance Advice) payments from insurance companies against claims submitted, verify patient co-pay and deductible collections, track Medicar
Key terms you'll encounter: ERA payment, EOB, claim denial, CPT code, accounts receivable aging.
How It Works
Upload Wise statement
Drag and drop your Wise PDF. Supports PDF, CSV. Our AI handles DD-MM-YYYY automatically.
AI parses the statement
Our AI understands Wise's multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance and extracts every transaction with 99%+ accuracy.
Use in your medical practices workflow
Download Excel ready for QuickBooks, Kareo or direct analysis.
Wise + Medical Practices Features
- Each transfer shows — the mid-market exchange rate used alongside the fee charged
- Multi-currency balances generate — independent statement sections per currency
- Built for Medical Practices — Saves 4-6 hours per week on insurance payment reconciliation and patient payment posting for a practice with 5+ providers
- Software compatible — Output works directly with QuickBooks, Kareo, athenahealth
Convert Wise Statements — Built for Medical Practices
Handles DD-MM-YYYY dates, multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance, and PDF, CSV formats automatically.
Convert Wise Statements Free