Electronic Funds Transfers and Electronic Remittance Advices Guides (Louisiana Healthcare Connections)
Louisiana Healthcare Connections provides Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ERA) to its participating providers to help them reduce costs, speed secondary billings, and improve cash flow by enabling online access of remittance information, and straight forward reconciliation of payments.
Through this service, providers can take advantage of EFTs and ERAs to settle claims electronically. As a provider, you can gain the following benefits from using EFT and ERA:
- Reduce accounting expenses – Electronic remittance advices can be imported directly into practice management or member accounting systems, eliminating the need for manual re-keying.
- Improve cash flow – Electronic payments mean faster payments, leading to improvements in cash flow.
- Maintain control over bank accounts – You keep total control over the destination of claim payment funds and multiple practices and accounts are supported.
- Match payments to advices quickly – You can associate electronic payments with electronic remittance advices quickly and easily.
To learn more about EDI and become a certified EDI Professional, please visit our course schedule page.