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Information About June Medicare Standard Paper Remittance (SPR) Deadline

Welcome To The Paperless Payment Trail!

The time is here for something better than scanning, something delivering paperless processing, electronic payments and increased collections for handling payer payments.

Every provider's office knows the mountains of paper associated with handling and processing healthcare payments from payers: all of the varying EOB formats, the endless stream of envelopes, dealing with underpayments, secondary insurance claims and searching for an EOB you received three months ago.

Of course you're heard the claim of eliminating paper before. This time it's for real. Why? Because HERAE has studied your workflow and understands what it takes for a practice to be able to process payments electronically, with no further need for paper. In fact, we've patented our solution.*

After enrollment your practice can receive payer payment information electronically. HERAE will gather payer payment information for your practice and present it to you through our online tools. Similar to online banking, you'll be able to do all the regular payment processing you do today…paperless.

HERAE supports direct connections for electronic files for a number of payers and conversion of EOBs for others. The information for both types of incoming EOB data is then available to review online or you can receive an electronic file from HERAE in the format you need.

Once HERAE is in place, searching for a past EOB is as simple as filling in a few fields online. Within seconds you'll have the entire EOB or just the portion you want, on screen to either reference or print! No more staff searching through files or storage boxes. No more photocopies, no more filing, no more opening envelopes!

HERAE is not a scanning solution. It’s much more. HERAE provides your staff with screens that mimic their current paper workflow processes. We convert EOB data into a relational database. Your staff can create reports, on the fly, that compare, for example, what the practice is being paid for CPT code 99213, in a matter of seconds, with data as up-to-date as today’s most recently posted payment batches!

Maximizing Your Money Management

You'll be able to utilize the HERAE solution to more effectively handle payer funds being sent to your practice. By working with our partner bank, HERAE will seamlessly move the money from the payer to your practice, similar to how direct deposit payroll works today. HERAE funds management allows your practice the ability to:

Receive payments electronically, which means funds get into your practice's account faster

Run end-of-month reconciliation reports with the click of a mouse
Match payer payments to the correct electronic remittance advice so you don't have to guess which payments go with which online EOBs
Have immediate access to payment information 24/7
Create custom reports on EOB criteria you select
 

 

Note:

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

 

 


 

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