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Electronic Remittance Advice Benefits
Electronic Remittance Advice (ERA) is an outbound EDI transaction provided by AdminaStar Federal, enabling the provider or supplier to receive payment information in an electronic file. If the provider/supplier has software capability in place in their system, an ERA file created by Medicare can be automatically posted to their accounts receivable system. Once the ERA is in place, the payment posting process is more efficient and accurate.
Additional benefits of ERA include:
- Faster communication and payment
- Faster account reconciliation
- Improves office productivity
- Automation of follow-up action
- Paperwork reduction
- Detailed information
Here are some comments from providers/suppliers currently receiving the benefits of ERAs:
“We just started using the Electronic Remittance Advice (ERA) one day and have enjoyed all the benefits since. The conversion for us was simple and easy.”
“I did not think the ERA would have been as easy as it is. I am sorry I waited so long to get started.”
“ERA download went very smoothly with close communication with customer service. No interruption in claim processing.”
“The ERA is relatively simple once the programming is in place. Cuts down on staff manually having to post these transactions.”
“The conversion to ERA was painless. The reduced labor costs alone made the transition beneficial. Within fourteen days of submitting a claim, we had the claim adjudicated and when applicable, on its way to secondary processing. In the case of denials, we were able to act on them within days of submission. This has enabled us to, according to DMERCs new reporting tool; submit approximately 99% of claims cleanly. “
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