Post All Payments Quickly, Even Those Not Auto-posted
Many practices electronically auto-post a significant portion of claims volume—up to 80 percent, or more. What many practices do not know is that Web-based products exist to help support the balance. Some clearinghouses, for example, offer electronic e-processing by collaborating with banks to convert paper documents to 835 data. The process usually entails scanning paper files, lifting data from images, and creating files that can be posted electronically.
One often-overlooked benefit of electronically posting all primary insurance payments — whether received electronically or converted from paper — is more accurate secondary claims filings. Another benefit is digital data can be archived in a repository for several years, which additionally offers disaster recovery value. Data secured in an off-site location can be protected against fires, hurricanes, and other adversities.