EFT (Electronic Funds Transfer) & CASH RECONCILIATION
Tracking claims can be a lengthy and costly process for both the healthcare payer and provider. Reconciling submitted claims with reimbursement records and outstanding notices can be mind-boggling. This service allows you to enjoy the ease and seamless efficiency of electronic processing with HIPAA mandates.
Working with a nationwide banking partner, your funds are automatically deposited into your account for quicker access to your cash.
Features:
- HIPAA-compliant 835 EDI-standard capability
- Payers directly transfer funds into your account
- Payers' electronic remittance advice (ERA) available to streamline your automatic reconciliation including individual payments
- Fluent with your Practice Management and Hospital Information System
Benefits:
- Deposit and reconciliation information provided automatically
- Eliminates time-consuming, manual data entry
- Reduces the cost of handling claims receipts and risk of losing claims.
