HERAE Value Proposition

HERAE Value Proposition

We've worked with large provider groups and Hospitals to improve their healthcare payment processes, saving them time and money in the process.

Let us show you - in detail - the numerous areas where HERAE can significantly impact your bottom line, save you time and improve collections!

Paper Payments Cost Too Much

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No matter the size of the ERA, HERAE charges the same fee.

Have you ever considered how many resources it takes to support manual electronic remittance advice (ERA) and paper healthcare payments? Beyond the staffing time and expense, there are the deposit fees, storage service costs and much, much more.

Now consider the savings that would be possible by automating the same transactions including the process of matching electronic remittance data and electronic deposits - all through one secure, online source. 

That’s the HERAE solution.

HERAE’s automated process charges just $0.30 to process an ERA whether it’s $100 or $100,000. But that’s not the only way HERAE is providing measurable savings.

We invite healthcare providers to compare their current costs to what an electronic remittance would cost. You might be surprised at how fast the savings add up with HERAE.

 

  • Powerful & Intuitive SaaS platform: no software to purchase – available end-to-end or modular
  • Proprietary Automated Re-association: EFT & 835 re-association saves time, improves accuracy, reduces aggravation and reduces costs
  • Consolidation of EFT into One, Daily Deposit: significantly reduces bank deposit fees
  • Hard-Dollar Costs: for couriers, onsite and offsite storage and duplication fees are eliminated
  • Rich data & reporting: identify trends, new market opportunities and challenges
  • Eliminate Paper: no more envelopes to open or RAs to copy - saves time, money and offsets your carbon footprint
  • Reduced lockbox fees:  eliminate scanning and transaction costs associated with lockbox services

Managing healthcare remittances is a complex issue. HERAE knows this intimately and has developed a proprietary method for helping healthcare customers gain insight into the many hidden costs associated with "all paper" remittance processes and "partial electronic" implementations where a provider may be receiving some electronic remittance files, but is missing the associated funds transfer, re-association and reconciliation.

 

If you are interested in discovering how much your organization could benefit from using the HERAE services, we invite you to contact us and request a detailed value proposition analysis.

 



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