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Survey Says Providers Want Electronic Payments

July 24, 2007
by root
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Healthcare providers want to transition to electronic claim settlements, according to a survey conducted by Payformance Corporation (Jacksonville, Fla.), a provider of electronic funds transfer (EFT) and electronic remittance advice (ERA) services.

The survey suggests that payers and providers should focus on the following factors:

· Payers - elevate the priority of transitioning to electronic claim settlement and put solutions in place to deliver EFT and ERA to all providers desiring electronic settlement.

· Providers - encourage all of their payers to offer EFT and ERA services, and leverage inbound 835 ERA transactions to auto-post to their practice management systems, and avoid manual re-keying of remittance data.

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Why not take a baby step and kick start this excellent model by enabling HSA consumers to use their EMV enabled smart card to pay for services via the ePurse on the smart card.

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