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Save your practice time and money with electronic Remittance Management by eMEDIX.
With Remittance Management, you can:
Electronic Remittance Advice (ERA) reduces the time required for processing remittances from days to hours. Our proprietary eMEDIX technology receives ERA files from payer 24/7/365 and forwards them to your account immediately. You receive reimbursements faster.
Benefit from a faster collections process with help from eMEDIX and electronic remittance management.
eMEDIX supports all your current ERA payers while continuously identifying new payer opportunities. Electronic remittances are stored centrally, giving you quick and easy access to payment details.
Remit manager automatically translates any 835 into a standardized human-readable electronic EOB, and the remit data is automatically attached to the corresponding claims.
According to CAQH, the healthcare industry spends $4.5 billion on claim submissions annually. By shifting from manual claims submission to electronic claims submisison, the medial industry can realize an estimated savings of $635 million dollars. On top of that, organizations can save an average of four minutes per transaction.
As an example, if a practice submits 50 claims per day manually and sees patients five days a week, they could save an estimated $30,290 per year by moving to an electronic process.
