Guest guest Posted January 11, 2011 Report Share Posted January 11, 2011 Recently, we received notification from Aetna that we would be forced to move from receiving checks in mail to EFT's. That's fine, we have received Medicare and BC/BS payment by EFT for a while and are comfortable with that. So, Aetna wants us to view the EOB's electronically, which is cool, we do that with Mississippi BC/BS. However, what's different is that Aetna talks about their Electronic Remittance Advice (ERA) in conjunction with the EOB. According to the info we received, we do not have to sign up for the ERA. According to their info, since we are going to EFT's then the EOB's will be available for us to print, download, etc. to match them up with the EFT's. So, my question is, what exactly is the ERA? If I get my money direct deposited (EFT), and I can access the explanation of benefits (EOB) then what is the Electronic Remittance Advice (ERA) for? Anybody made this switch with Aetna yet? Thanks in advance for any help. Matt Capo, PT Accelerated Physical Therapy and Occupational Health, Inc. Bay St. Louis and Diamondhead, Mississippi Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 12, 2011 Report Share Posted January 12, 2011 Matt ERA = Electronic Remittance Advice. ERA allows the EOB to directly come into your software system and post to each individual patient account. This is providing your software is programmed to receive it. It has been around since before 2000, but many software programs didn't really work with it until 2005 (after HIPAA transaction sets were tweaked and finalized). By the way, can you send me back an email off line to let me know if you are planning on attending CSM? Jim Hall, CPA <///>< General Manager Rehab Management Services, LLC Cedar Rapids, IA visit our website at: www.rehabmgmt.com Aetna and EFT/ERA Recently, we received notification from Aetna that we would be forced to move from receiving checks in mail to EFT's. That's fine, we have received Medicare and BC/BS payment by EFT for a while and are comfortable with that. So, Aetna wants us to view the EOB's electronically, which is cool, we do that with Mississippi BC/BS. However, what's different is that Aetna talks about their Electronic Remittance Advice (ERA) in conjunction with the EOB. According to the info we received, we do not have to sign up for the ERA. According to their info, since we are going to EFT's then the EOB's will be available for us to print, download, etc. to match them up with the EFT's. So, my question is, what exactly is the ERA? If I get my money direct deposited (EFT), and I can access the explanation of benefits (EOB) then what is the Electronic Remittance Advice (ERA) for? Anybody made this switch with Aetna yet? Thanks in advance for any help. Matt Capo, PT Accelerated Physical Therapy and Occupational Health, Inc. Bay St. Louis and Diamondhead, Mississippi Quote Link to comment Share on other sites More sharing options...
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