Electronic Payment Remittances

 Electronic Payment Remittances (EPR) are able to be received from the insurance carrier and downloaded into the Billing System, automatically posting the payment/denial/adjustment transactions with reason and remark codes provided by the payer explanation of benefits. Reports are generated to review automatically posted payments and payments the Billing System was unable to process or targeted for review. Insurance remark codes can be established within the Billing System to allow it to accurately interpret codes from insurance carriers that explain the status of each remittance transaction and determine how to process services/claims with a specific insurance remark.Reports tracking these reason/remark codes enable management of denials and adjustments, giving insight as to specific insurance carrier tendencies for payment and/or point of service rejections, etc..

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Testimonials

Softactics is AMAZING!!!

Josh Stevens
Mar 08, 2012

Why Softactics?

  • Provide highest level of professional medical billing service.
  • Competitive flat rate fees with no add-on costs.
  • Company developed and owned software.
  • Specializing in medical billing systems for more than 25 years.

Read more...