Welcome To The Paperless Payment Trail!

If you've been looking for a solution that facilitates moving providers from paper EOBs to accepting the HIPAA 835 electronic remittance advice transaction . . . look no further.

Industry figures show that approximately 60-70% of claims are submitted to payers electronically, while less than 10% of providers receive an electronic remittance advice. Why the disparity and why is it that providers are not demanding the electronic remittance advice (ERA) HIPAA 835 transaction?

HERAE has thoroughly studied the provider payment processing workflow to bring the providers and payers together for a joint value proposition that provides significant, guaranteed ROI to both parties.

For providers, receiving paper payments is a painful, costly, manual, labor intensive process. They know all too well the mountains of paper associated with handling and processing healthcare payments: all of the varying EOB formats, the endless stream of envelopes, dealing with underpayments, secondary insurance claims and searching for past EOBs that require follow-up.

According to HERAE research, the average paper payment envelope costs payers between 42¢-72¢ cents each to produce and mail*. HERAE can reduce this cost by at least 40%.

With a direct connection to your company, HERAE can have your providers receiving their payments and ERA data in a matter of days, all electronically. HERAE will gather all payment information and present it to the provider's office through our online tools that have received so much praise by our test sites that we've patented our process**. Similar to online banking, your providers will be able to do all the regular payment processing they do today . . . paperless.

The Benefits To An All Electronic Solution

With a direct connection between your organization and HERAE, the remittance advice and the provider payments will move between you and the provider in a manner that enhances the providers workflow and reduces your costs. With HERAE you'll be able to accomplish the following:

	Move the HIPAA 835 EDI transaction whether associated with the payment or not, HERAE does the rest
	Save your Treasury Department the cost of producing paper checks and the associated bank metering fees. Also, reduce the costs of producing individual provider EFT credits and the associated bank EFT fees
	Streamline all of your payment processes with HERAE. We understand not only how to get the transactions to your providers but we provide them with the tools they need to adopt the solution. We educate the providers and enforce HIPAA compliance
	Receive HIPAA compliant 835 acknowledgment messages and reports that not only track transaction activity but provide you with transaction feedback

Note:

* This cost includes postage, facilities, FTEs, hardware, software, paper stock, etc.

** The HERAE system patent is on file pending USPTO approval.