Payment Posting of ERAs
Posted by Ecareindia on August 26th, 2013
The modernization of the healthcare medical claims processing has brought in so many changes to the existing workflow and medical billing and coding patterns. Payment postings no exception in that list. Traditionally, payment explanations were sent out in the form of paper EOBs (Explanation of Benefits) by the Payers. However, the advent of Electronic Remittance Technology has moved medical claims processing a step forward. With what is called EFTs, Payers can now easily deliver their payments to Healthcare Providers and Facilities in the electronic form. In the same manner, they use ERAs (Electronic Remittance Advice) to deliver payment explanations, thus replacing the traditional EOBs. To learn more about ERAs , see below:
Do Not Overlook: Though ERAs have a wide array of benefits, Providers and US medical billing companies should never fail to consider their disadvantage. Errors are likely to occur even in automatic payment posting which is indicated as an invalid posting by the system. In those instances, it can be adjusted or balanced only by manual intervention. Besides US medical billing companies can outsource a part of their billing services to offshore companies for better results.
About e-Care India:
e-Care India is one of the renowned medical billing companies in India that promises the above mentioned benefits with total customer satisfaction. With 13 years of experience in the industry, e-Care’s offshore medical billing delivery centers have been providing end-to-end medical billing services seamlessly to its clients. To know more about e-Care and its services, log on to www.ecareindia.com
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About the AuthorEcareindia
Joined: June 20th, 2011
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