The Electronic Remittance Service (ERS) provides an automatic, same-day posting of remittances to patients' accounts, eliminating the costly and error-prone process of manual posting. Patient accounts are updated, and reports such as the Explanation of Benefits (EOB), as well as secondary bills, can be generated without intervention by your staff.
ERS provides the interchange of remittance information between payers and providers. This informational exchange occurs in a standard, electronic format and allows remittance processing to occur as a by-product of the normal business workflow.
When combined with electronic funds transfer (EFT), it supports faster deposit of payments and cash reconciliation.