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Orbograph Announces Educational Healthcare Payments White Paper on Reassociating EFT/ACH Payments to ERA’s in 2014
Date:6/17/2013

fits of electronification when utilizing either an EOB or ERA which is electronically generated (referred to as EDI 835). The paper addresses many of the issues healthcare providers are facing including:
  •     Reduced clerical burden of manual reconciliation so employees can be redeployed on value-add tasks
  •     Limited reporting of outstanding accounts receivables
  •     Increased electronic transaction adoption and compliance with standards
  •     Standardized operating rules for eligibility, claims status, claims payment and remittance, and enrollment and referral authorization

“Unless a healthcare provider or their financial institution can automatically extract and match the TRN data from ACH payment to the remittance information contained within the EDI 835, the process of deposit reconciliation will be manual and cumbersome, and even nearly impossible, as in the case where a provider receives 10 remittances for $100 and eight payments for $100,” stated Barry Cohen, Co-President of Orbograph. “I believe this issue will be a major industry roadblock to EFT/ERA acceptance. As a company that comes from financial transaction processing, Orbograph is ideally positioned to provide a solution that straddles both the financial settlement and healthcare remittance sectors.”

About Orbograph
Orbograph (http://www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of th
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