Electronic Transactions Setup

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ELECTRONIC TRANSACTIONS

electronic-transactions-Official paperwork is the bane of our lives. After a long day, the last thing you need is a stack of forms to fill out. A considerable proportion of situations involving payment delays and claim denials are the result of incorrect enrollment. When we onboard your practice, we ensure that your EDI, ERA, and EFT are properly configure.

electronic-transactions-We assign a team of professionals who are experience in filling out the forms and applications. Though at the outset it may look like a simple task, it requires a sharp eye for detail as a missing number can cause significant delays in the reimbursements.

HOW WE WORK

1. EDI ENROLLMENT

Depending on the clearinghouse and insurance company, EDI enrollment may be necessary to submit claims electronically. This process notifies the insurance company that the provider will be using the chosen clearinghouse for claim submissions. EDI enrollment helps streamline the transmission of your medical claims to the payer’s system, ensuring that claims are received and processed smoothly on the first attempt, which helps avoid delays in reimbursement.

2. ERA ENROLLMENT

ERA, or Electronic Remittance Advice, is the digital equivalent of an Explanation of Benefits (EOB) and can expedite the processing of your claim submissions. By enrolling in ERA, you receive remittance information directly through the clearinghouse, eliminating the need for paper EOBs sent to your mailing address. Proper ERA enrollment streamlines your workflow and reduces the burden of manually handling paper checks and EOBs, minimizing potential delays and workload.

3. EFT ENROLLMENT

EFT, or Electronic Funds Transfer, involves the direct electronic transfer of payments from an insurance company to a provider, bypassing clearinghouses entirely. We strive to keep your medical practice as paperless as possible, ensuring that your EFTs are processed smoothly. This approach helps you avoid the hassles associated with paper checks and EOBs, enabling quicker access to your funds and making your billing team's accounting process much more efficient.

SOFTWARE FLEXIBLE SOLUTION

We have experience in using almost every EHR and Practice Management platform so you don’t need transition to a new system to work with us.

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