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OptimizeAR Remittance Posting

OptimizeAR Remittance Posting automates both electronic remittance advice (ERA) retrieval and remittance advice information posting into the patient accounting system. Capable of handling virtually all common file formats, the system reads ANSI X12 835, NSF, financial institution lock box files, collection agency files, and other proprietary formats.

Remittance Posting automatically retrieves ERAs from the payer’s mailbox and processes the data into a common database for posting. The system calculates claim level adjustments and remittance totals to balance to the check amount. This ensures that the system has accurately captured the information in the remittance file. Once totals are verified, the system posts payments and adjustments to the patient accounts.

Features
  • Patient-level indexing
  • Automatic single-patient-per-page EOB creation
  • Duplicate claim detection
  • Control reports and exception reporting
  • Payment, contractual and adjustment reconciliation posting
  • Rejected claim reports with text descriptions of rejection codes
  • Remittance data exports for management reporting
Benefits
  • Improves productivity
  • Ensures accuracy and efficiency
  • Shortens posting time

For more information, contact us via the Web or call 1-800-508-8494.


 “Installation of CareMedic’s revenue management systems MedicareRT produced an immediate and dramatic impact on our Medicare A/R days:  they dropped from 55 to 33.  That translated into roughly 40% improvement in cash flow.  Our secondary billing lag was reduced from almost 30 days to only 2 to 3 days.”

—Jolene Hansen                                     
Billing Manager, Patient Financial Services
Mercy Health Center