It’s important to be efficient and organized when it comes to medical bills. Handling your Electronic Remittance Advice (ERA), Explanation of Benefits, and Accounts Receivable submissions effectively can have an important impact on cash flow and the practice’s operational success. At Fast Billing Solution, we specialize in providing streamlined AR / EOB / ERA Submissions services that ensure timely and accurate processing of your claims, enabling you to focus on patient care.
What Are AR / EOB / ERA Submissions?
Accounts Receivable (AR)
Accounts Received Represent the healthcare provider’s unpaid bills for the services delivered. Efficient AR management secure that healthcare providers get paid accurately and on time. Which is the key to maintaining the cash flow.
Explanation of Benefits (EOB)
Is a document from your health insurance company that explains what costs they will cover for medical care or products you’ve received. It’s generated when your provider submits a claim for the services you received, and it’s sent to you each time your insurer pays for a service.
Electronic Remittance Advice (ERA):
Electronic remittance advice (ERA) explains how a health insurance company or health plan has paid and adjusted claims from a medical provider. Utilizing ERA simplifies and reduces errors, speeds up the reconciliation process and the payment posting process
AR / EOB / ERA Submissions
At Fast Billing Solution we offer comprehensive submission services designed to optimize your billing process
- AR Management:
Dispute Resolution: We handle disputes with insurance companies, ensure that claims are processed correctly and payments are received promptly
Tracking & Monitoring: We carefully track and monitor all unpaid claims, ensuring that no invoice is overlooked
Follow-Up:
Our Team actively follows up on outstanding claims, reducing your days in AR and improving your
cash flow
- EOB Analysis & Processing:
Appeals: We assist in preparing and submitting appeals for denial claims, ensuring that your practice receives the correct reimbursement
Detailed Review: Our experts thoroughly review EOBs to identify underpayments, discrepancies, or denials
Patient Billing: We accurately calculate patient responsibility and ensure that patient billing is transparent and easy to understand
- ERA Submission & Management:
Seamless Integration: We combine ERA processing with your existing practice management system for efficient and smooth operations
Automated Posting: Our system automatically posts adjustments and payments, reducing manual errors and saving time.
Reconciliation:
We ensure that all payments are correctly reconciled with the corresponding claim, minimizing discrepancies
Benefits of Partnering with Us
Expert Support:
We provide continuous assistance and advice to guide your practice through the complexity of medical billing and reimbursement
Increased Efficiency:
Our streamlined processes reduce the time spent on manual tasks, allowing your staff to focus on more critical activities
Improved Cash Flow:
By reducing days in AR and securing prompt and accurate payment processing, we help improve your practice’s financial health.
Reduced Errors:
Our Experienced team minimizes errors in the claim submission, EOB analysis, and ERA processing, reducing the likelihood of underpayments and denials
Get Started Today
Ready to enhance your AR / EOB / ERA Submissions processes? Contact Fast Billing Solution today to learn more about how our services can benefit your practice. let us handle the complexities of medical billing so you can focus on delivering exceptional patient care
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