Electronic Transactions Setup
We make every effort to keep the practice paperless. Upon onboarding, we ensure that the EDI, ERA, and EFT are properly configure.
We know that official paperwork can be a burden, especially after a long day. The last thing you want is a stack of forms to fill out. Many payment delays and claim denials stem from incorrect enrollment, which is why, when we onboard your practice, we ensure your EDI, ERA, and EFT are correctly configured from the start.
To handle this, we assign a team of professionals experienced in completing forms and applications. While it may seem like a simple task initially, it requires a sharp eye for detail. Missing just one number can lead to significant delays in your reimbursements, so we make sure everything is done accurately, ensuring smooth and timely transactions.
Software Flexible Solution:
At Pulse Billing, we have extensive experience with nearly every EHR and Practice Management platform, so you don’t need to worry about transitioning to a new system to work with us. We can seamlessly integrate with your existing setup, making the process smooth and hassle-free.
How we work:
1. EDI Enrollment
Depending on the clearinghouse and insurance company, EDI enrollment may be required to submit claims electronically. Essentially, it’s the process of notifying the insurance company that the provider will be using a specific clearinghouse to submit their claims. This enrollment helps streamline the path for your medical claim to reach the payer’s system, ensuring it is processed correctly and efficiently. By completing EDI enrollment, we help ensure that your claim reaches the payer system on the first submission, preventing delays in reimbursements.
2. ERA Enrollment
ERA (Electronic Remittance Advice) is the electronic version of the EOB (Explanation of Benefits) and can be enrolled to receive faster results from your claim submissions. ERA is delivered directly to the clearinghouse, eliminating the hassle of paper EOBs being sent to the provider’s mailing address. Proper enrollment setup is crucial—inaccurate enrollment can lead to a significant workload and delays, as you would have to manually process paper checks and EOBs, which slows down the reimbursement process.
3. EFT Enrollment
EFT (Electronic Funds Transfer) is the electronic transfer of payments directly from the insurance company to the provider. Unlike other transactions, EFTs don’t go through clearinghouses. At Pulse Billing, we strive to keep your medical practice as paperless as possible, ensuring that all your electronic fund transfers are seamless. This eliminates the need for handling paper checks and EOBs, speeding up the payment process. You receive your funds much faster, while your billing team enjoys a hassle-free accounting experience.
