HERAE is powering the nation’s electronic Financial Healthcare Network™ to securely connect payers, providers, PBMs, pharmacies, and financial institutions with standardized electronic financial healthcare transactions that eliminate administrative costs and reduce fraud and waste.

The HERAE Solution for Payers:

• Allows payers to submit a single, daily ERA file directly to HERAE instead of issuing tens-of-thousands of independent transactions to thousands of providers each day.
• Limits exposure by documenting, journaling and auditing every step of the electronic payment process.
• Automatically manages Prompt Pay law compliance and provides verification of compliance.
  Consolidates EFT transactions to one per day, reducing bank payment fees.
• Electronically monitors and applies payment algorithms at the broader market level to protect the system from fraud and waste.

The HERAE Solution for Providers:

• Includes tools to help gain control of cash management and facilitate accurate and timely payments.
• Standardizes and displays 835s into a single human-readable format – automatically and electronically regardless of which payer originated the payment transaction.
• Provides a single uniform data source to perform advanced business intelligence analytics (denials, exceptions, and payment trends).
• Offers a consolidated single payer payment format from all payer connections.

Visit our booth at the Symposium and see for yourself how HERAE helps reduce the current explosive costs of healthcare by attacking key factors in the expensive, inefficient billing, re-association and payment system.