AdvancedMD's Electronic Remittance software streamlines medical billing by automating payment processing, reducing errors, and improving cash flow.
Vendor
AdvancedMD, Inc.
Company Website
ERA Automation
Flexible and hands-free electronic remittance advice (ERA) posting to reduce manual tasks, allowing you to reduce your staffing needs and spend more time working denials.
Automated eRemittance for a simplified workflow. Our software takes care of receiving and matching claims payments, as well as building worklists to manage denials and unexpected payment amounts. Create rules based on payment types and choose how often you want ERAs to post. Then get email notifications about the success or failure of each posting. Automated ERA can process the following payment types: ACH (electronic funds), BOP (third-party processors), CHK (paper checks), and NON (non-payments).
- Eliminate manual posting
- Reduce staffing needs
- Focus your time on denials
Features
- Automated Payment Processing: Automatically processes payments, reducing manual entry and errors.
- Real-Time Updates: Provides instant updates on payment status, ensuring timely information.
- Error Reduction: Minimizes billing errors through automated checks and balances.
- Improved Cash Flow: Accelerates payment cycles, enhancing cash flow management.
- Detailed Reporting: Generates comprehensive reports for better financial oversight and decision-making.