You can now take direct electronic payments and post them to your receivables systems.
REMITMagic (sm) takes Electronic Remittance Notices (ERN) from medical claims payers which are in the ANSI 835 format (004010X091A1) and translates them into the National Standard Format version 2.01. It has the ability to capture the data in tables so that custom formats can be created for any automatic posting routines for practice management or medical billing systems. It has the ability to create Explanation of Benefits (EOB) reports in a format with which users are already familiar. It works with many practice management systems. Like the entireElectroniClaim® suite of ANSI transaction software, there are no per-claim fees and no limit to the number of doctors, payers or claims that can be processed.
This is one of the HIPAA transactions which can actually save money.
If it does not fit your practice management system we can create custom interfaces for you. Many offices have almost as many people who post payments as there are who post claims. Imagine if they were able to avoid the drudgery of the data entry and actually follow up on remaining balances, deductibles and co-pays. This was the promise of the Administrative Simplification portion of HIPAA. Make it work for you.
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