Benefits of Electronic Remittance Advice
For All Submitters
An Electronic Remittance Advice (ERA) is the electronic version of a Standard Paper Remittance (SPR), which serves as a notice of payment and adjustments sent to providers, billers and suppliers. It explains the reimbursement decisions of the payer.
Listed below are several benefits of the ERA:
- Receive the remittances the day the claim finalizes
- Streamlines the reconciliation process
- Reduces paper and printing costs
- Faster processing of secondary claims
- Increases productivity and efficiency
- Reduces costs associated with storing and maintaining paper remits
- Reduces costs associated with staff time to review and file paper remits
Message Sent:
December 3, 2019
September 3, 2019
November 6, 2018