You pay thousands of bank fees per day, so what if you could eliminate all but one?
HERAE’s IntelliRemit™ for payers provides important benefits that help the industry move away from inefficient and costly paper transactions to a powerful, electronic solution that reduces costs and helps manage prompt pay laws.
Reduce Bank Transaction Fees HERAE streamlines healthcare and financial connectivity so that the ERA file is consolidated into a single, daily transaction to save payers thousands of bank fees per day. Using the single transaction, HERAE automatically matches remittance and payment data before it is presented to the provider vastly improving the provider’s revenue cycle management process.
Simplify Prompt Pay Management HERAE’s electronic management and verification of prompt pay laws helps improve cash flow with tools that allow payers to translate state and federal prompt pay regulations into optimized payment timing. HERAE also provides payment interval tools that allow for precise cash management in adherence with IRS Constructive Receipt Rules.
Automate Fraud and Waste Prevention RemitFraudStop™, which eliminates paper from the healthcare payment processing system. In addition to removing paper, HERAE also standardizes the data format into a single, uniform file and applies real-time analysis and detection algorithms to detect and prevent potential fraud.
Enhance Provider Customer Satisfaction HERAE increases provider customer satisfaction with efficient payment timing and reconciliation. Our electronic remittance solution for providers, DirectERA™, delivers advanced payment solutions quickly and inexpensively to increase control of payment delivery.
