Electronic EOBs & ERA
Electronic EOBs and ERA have many advantages that can help practices of any size to become more efficient. Electronic Explanation of Benefits easily replaces paper versions and places information about how a claim was processed and paid only a few keystrokes away. If your practice management system is compliant with the HIPAA standard ERA transaction, you can automatically post payments and adjustments to the correct patients’ ledgers. This saves time and eliminates the errors caused by math or keying errors often associated with manual posting.