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Welcome! ERA & Denial Management Webinar

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Presentation on theme: "Welcome! ERA & Denial Management Webinar"— Presentation transcript:

1 Welcome! ERA & Denial Management Webinar

2 Introduction Housekeeping announcements Presenters
Dave Henshaw – National Account Manager Shaun McAnulty – Product Training Specialist

3 Did you know? According to the AMA:
A provider with an average or 6200 claims annually can save upwards of $10,000 a year by using ERA and automating their claims process!

4 Did you know? By accepting ERAs and automating your claims process you can: Speed up payment Save time spent on manual processes such as opening mail, filing and phone calls to payers Eliminate lost EOBs Free time for revenue Enhancing correct payment Source - AMA

5 Did you know? According to the MGMA and AMA:
ERAs make up approximately 70% of total remittances. Therefore, 30% of remittances are still generated in paper form!

6 ERA & Denial Management
Solution: ERA & Denial Management Allows users to organize and manage remittance data. Selection criteria Line level workability Grants users the ability to prioritize, monitor, and work transactions efficiently. $0.00 payments Over/ Under payments Allows for routing work to specific users. Manage Tables Tasks

7 Solution: Establish corrective steps to prevent future revenue loss or delay in payments. Clinical Scrubbing (ICD-10) Manage Codes Note Field Streamline working the transactions by determining root causes of denials. ERA Summary Edit the claim directly from the transaction. Follow Up Statuses Direct link to Claim Identify patterns and process breakdowns through metrics Top 5 Denial Codes (Dashboard) Data Miners

8 What You Can Do Next! To Optimize Utility Clinically Scrub Claims.
Catch potential rejects & denials from the start! Enroll with all of your payers that offer ERA’s! Verify that you're completely enrolled to receive all ERA’s possible. Get %100 EOB to ERA! Convert all paper EOB’s to ERA’s. Use ERA & Denial Management! Utilize workflow & capability Metrics

9 Question and Answer

10 For more information: Providers – please contact your Practice Insight reseller for more details Practice Insight Resellers – please contact Dave Henshaw (713) ext 7400

11 Thank you for your participation!!!!!


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