ERAs Are a Win-Win over Paper EOBs

Posted in Accounts Receivable (A/R), Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Insurance Billing Solutions, Revenue Cycle Management (RCM)

The introduction several years ago of the ERA (Electronic Remittance Advice) created a quantum leap in the healthcare billing arena by providing an improvement to the traditional, paper-based EOBs. Astonishingly, many providers have not taken advantage of this revolutionary change. It has been estimated that even today only 46 percent of the claims are processed …

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Why Switch to ERAs?

Posted in Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Revenue Cycle Management (RCM)

Why Switch to ERAs? In addition to inefficient processing and high administrative costs, paper EOBs contribute to a provider’s struggle with physical storage and document inaccessibility. Rummaging through paper archives as a means to investigate and manage secondary claims does not promote efficiency. Even worse, your medical practice or hospital may miss out on the …

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Why ERAs Are More Efficient than EOBs

Posted in Affordable Care Act, Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs), Revenue Cycle Management (RCM)

It is no secret that the healthcare industry is burdened with costly administrative processes. A good example of this are paper explanation of benefits (EOB) forms that have been estimated to cost nearly $18,600 per physician per year in administrative fees. With the availability of tools like the electronic remittance advice (ERA), medical practices, hospitals, billing …

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Understanding Electronic Remittance Advices: Benefits & Obstacles

Posted in Business Process Outsourcing (BPO), Electronic Remittance Advices (ERAs), Explanations Of Benefits (EOBs)

EOBs Are Going the Way of the Dinosaurs – Extinction! Make Sure Your Facility Doesn’t Follow Them. The “paper blizzard” that the healthcare industry has been caught in for many years is finally starting to subside. The inefficiencies of dealing with too much paper in the healthcare payment process are well documented. One of the …

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