As EI Billing Providers have been
enrolling to receive 835 remittance (also called Electronic Remittance Advice,
or ERA) from third-party payers, PCG would like to remind providers about some
key benefits of enrolling to receive 835 remittance now:
835
is the New Standard: The SFA and BEI consider 835 to be the
new standard for EI Billing Providers to receive electronic remittance
information.
Benefits to Providers: There are several benefits to providers that
enroll to receive 835 remittance:
- Shorter Payment Cycle – Receiving remittance data electronically
shortens the lifecycle of a claim, by allowing the SFA to receive remittance
data more quickly
- Reduction in Administrative Burden – Reduces manual work by eliminating the need
for EI Providers to enter remittance data directly into EI Billing or send
remittance data to the SFA for processing
- Data Accuracy and Completeness – Allows the SFA to receive more detailed
information, which stands up to scrutiny and protects the Provider
- Reduction in Denials – Helps prevent subsequent denials based on
untimely claims resubmissions
- Industry Standard – The receipt of insurance remittance data via
an 835 is a HIPAA-compliant industry standard practice
EI Billing Providers that have enrolled
to receive 835 remittance have already begun to see benefits. Providers can
view their payment posting history in EI Billing to see how long it takes for
their payments to post. For the majority of payment activity, providers will
notice a shorter payment cycle for 835 remittance compared other payment
posting methods. This recent publication provides more information about the
benefits of electronic transactions.
If you would like more information about
the benefits of receiving 835 remittance, or have any questions about the
enrollment process, please contact the PCG Customer Service Center at (866)
315-3747.
Article ID: 375, Created On: 11/29/2017, Modified: 11/29/2017