Save time and money with electronic payments through Emdeon ePayment
One of the major concerns in today’s healthcare industry is finding ways to reduce costs and increase efficiency without sacrificing patient care. Emdeon Business Services now offers such a solution to providers with Emdeon ePayment, an electronic payment service that can simplify every payment you receive. Emdeon has always offered comprehensive programs that enable payers to efficiently distribute payments and remittance information to providers and consumers through electronic and paper methods. Now, we’ve made it even simpler. We recently introduced a comprehensive electronic payment solution that includes Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) with PDF versions of EOBs and postable files in an 835 format.
“Providers face highly fragmented processes associated with receiving and reconciling payments,” says Philip Hardin, Executive Vice President of Emdeon Business Services. “Additionally, the administrative costs and fees adds to the financial overhead of Providers, which Emdeon understands and is continuously working to minimize. Emdeon’s new electronic payment capabilities offer a smart solution that reduces costs for all the stakeholders.”
Emdeon provides payer remittance data electronically in the form of PDFs via Emdeon Payment Manager. This allows healthcare professionals to easily and efficiently reconcile the payments they receive from 3rd party payers right from their desktop.
“With Emdeon Payment Manager, staff can quickly search, view or print each remittance as needed,” says Hardin.“This reduces time spent resolving discrepancies and inaccuracies to allow you to focus more on your patients.”
Emdeon Payment Manager offers the ability to download Electronic Remittance Advices in 835 format directly into your Practice Management or Hospital Management Systems. Additionally, Payment Manager’s unique functionality allows you to upload ERAs received from other entities that are not processing through Emdeon. Robust reporting capabilities ensure that reconciliation, research and detailed follow-ups are streamlined and easily performed. Our Emdeon Electronic Payment offering also seamlessly integrates with our other leading edge solutions including AccuPost and the Clearinghouse.
Emdeon ePayment delivers valuable electronic payment and reconciliation processes to help providers like you eliminate paper checks, reduce costs and simplify secondary claims. This increase in efficiency saves time and allows many of your staff to focus on better ways to increase revenues. You will also benefit from the convenience of EFTs and faster access to reimbursements, while minimizing losses and reducing the costs associated with handling paper checks.
“The up-to-date payment information allows you to accurately get a pulse on your cash flow at any time,” says Hardin. “Since our innovative electronic payment service can connect to any EFT-enabled bank, you have the flexibility to choose the banking partnership that works best for you.” The Emdeon ePayment solutions are also unique as a result of Emdeon’s large base of payers already using electronic payments– over 670. Today, providers accepting EFT from payers typically are forced to accept different processes for each payer – resulting in multiple work flow variations. Emdeon brings a common solution across its payers, even for those payers that do not already support EFT. For those payers, Emdeon will take advantage of recent legislation, known as Check 21, that allows paper checks sent by payers to be electronically posted on behalf of providers and subsequently transmitted via EFT. In doing this Emdeon offers a truly universal solution that enables you to enroll once and receive electronic deposits for all payers currently in the program and as new payers come online.
“With simple enrollment, convenient delivery preference tools and a broad network of payers with single enrollment, this is something the company is excited to bring to the healthcare professional,” Hardin says. “This will allow you to accelerate and manage cash flow more efficiently with timely electronic deposits. Leave the worries of getting paid to us and instead focus on delivering quality care.”
Through our suite of provider solutions and robust payer connectivity, we uniquely offer the scale that both providers and payers need for a successful Electronic Payment implementation.
Don’t continue to accept paper when there is a proven solution in the market, already being used by your colleagues. Call us at 866.396.8805, or visit us online at www.emdeonepayment.com to learn more.
A Faster and Easier Approach to Receiving Payments
