Benefits of Electronic Remittance for Health Care

health care industry faces many administrative and compliance challenges of collecting and posting patient payments, for understanding and adherence to medical records privacy rules. Fortunately, with today's technology, standardized electronic transmission of data is available. Electronic transmission of patient and billing information provides simple solutions for health care industry administrative burden and privacy policy.

In the past, the health industry has relied on standard paper remittance (SPR) for the care of patients receiving medical information. Today, health care institutions have the advantage of receiving electronic remittance file Tips from insurance companies. In some cases, providers of electronic records management systems have the ability to receive this information via the 835 remittance file. A 835 file transfers per day is sent that combines payment from insurance or health plan and payment from the patient. 835 remittance files created in formats that are common to all insurance companies.

If the average person were to see the 835 electronic remittance file, the data will appear in a form that is almost impossible to decipher. It would be an expert many hours to sort the data. For this reason, electronic records management system to receive 835 remittance file and create individual patient Explanation of Benefits (EOB) documents. information is presented in a logical, clear way. Another benefit of this process is that the data extracted from the 835 remittance file and formatted in a standard medical reports. Some of the possible reports include claims of custom reports, denied claims report, deductible claims report and payment summary report. Records management system can be configured to index and store file transfers, the patient EOB documents and medical reports.

to protect health information is a constant concern. Introduction of Health Insurance Portability and Accountability Act of 1996 (HIPAA) requires health care claims and payment information is received and stored electronically. Electronic transactions to ensure the privacy of patient and billing information. Medical facilities can not afford to pay heavy fines for noncompliance of HIPAA.

is used to receive remittances electronically file are:

less time spent on administrative tasks. more time available for productivity. compliance with rules and regulations are met. accuracy in receiving and filing of patient and billing information is increased. costs associated with the securities, labor and storage pad. remittance advice information is sent automatically and reformatted.

These benefits are all possible through the use of electronic records management system with the remittance advice processing. In today's healthcare environment, receiving and storing electronic information becomes more of a necessity rather than convenience.

Do you want to be sure that your health care institutions in accordance with HIPAA regulations? Would you like to receive an automated manner and format transfers free up your time? Explores solutions to these and other document filing and storage problems by investing in electronic records management system with transfer options for treatment advice.