Save Time by Automatically Posting Insurance Payments

Over the past few years, the healthcare industry has implemented a standard for electronic insurance payment and reconciliation. This standard goes by the technical label ANSI 835, but is commonly referred to as electronic remittance technology. An Electronic Remittance Advice (ERA) is an electronic report in a standard, computer-readable format sent by insurance companies to providers as an explanation of payment and adjudication of medical claims. ERAs expedite the delivery of insurance payments and simplify the reconciliation of payment accounts.

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