BC Advantage - 2008 Issue 7

ERAs and EFTs - Am I missing out?

We worry about the possibility of Universal Healthcare, its effects on our practice, Medicare fee reduction and out of control insurance premiums. Everyone wants a piece of our pie.Therefore, we look for ways to be more proficient, minimize our overhead and increase production. One of the advantages of living in a cyberspace era is the introduction of electronic data exchange (EDI). Most of us think of EDI as simply a way to submit our claims electronically; however, EDI is a process that allows us to send all data electronically. Our banks, credit card companies and all ecommerce business'...

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