A large number of cases related to a delay in reimbursement, and claim denials owe to incorrect enrollment. When we on-board your practice, we make sure your three E’s are set up just right.
EDI (ELECTRONIC DATA INTERCHANGE)
EDI (Electronic Data Interchange) makes the journey of your medical claim to the payer’s system seamless. There is a need for this system to be set up accurately for every single-payer that you are contracted with. This ensures that your claim hits the payer system in the first go and reimbursements are not delayed.
That’s what our enrollment department excels at!
We ensure that the entire payer mix is studied closely, and EDI enrollment is worked on a priority basis to ensure a seamless flow of revenue.
ERA (ELECTRONIC REMITTANCE ADVICE)
If ERAs (Electronic Remittance Advice) of your medical practice are not set up correctly, you won’t be able to receive payments on time. Inaccurate set up for enrollments can make you suffer increased workload and delays in the form of having to go through all the paper checks and EOBs (Explanation of Benefits) manually.
The enrollment team at Bikham is trained specifically for the enrollment tasks and we make sure this is an integral part of our onboarding process. When a new Lab signs on, we ensure their entire payer mix enrollments are in place and running optimally.
EFT (ELECTRONIC FUNDS TRANSFER)
We strive to make your medical practice as paperless as possible. This is to ensure that all your electronic fund transfers are set up smoothly, and the hassles of going through paper checks and EOBs can be eliminated. Medical providers get payments for services directly in their stipulated accounts- way faster than other conventional methods.
You get your money way faster and it’s accounting heaven for your billing team as well.
Could an apparently small detail become decisive under different conditions?
Getting EDI, ERA, and EFT dialed in from day one is definitely crucial for avoiding cash flow bottlenecks. Moving away from manual paper checks and EOBs saves so much time for the billing and administrative team.
It is amazing how many practices still deal with paper checks and manual EOBs simply because their initial setup wasn’t handled properly. Getting EDI, ERA, and EFT configured correctly from day one really does save so much administrative headache and speeds up cash flow.
Getting EDI, ERA, and EFT configured properly from the start makes a huge difference in avoiding cash flow delays. Dealing with paper EOBs and manual checks eats up so much administrative time, so having this streamlined is essential for any practice.
Great breakdown of the three E’s! People often overlook how much a delay in ERA or EFT setup can disrupt cash flow. Getting all of these properly integrated from day one saves so much administrative headache.
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{“comment”: “Getting EDI, ERA, and EFT properly configured from the start truly makes or breaks your revenue cycle. Sifting through paper EOBs and waiting on physical checks wastes so much valuable staff time, so going fully automated is a game changer for any practice.”}
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