Many barriers still exist that prevent providers and payers from adopting the Electronic Remittance Advice and Electronic Funds Transfer transactions
RESTON, Va (PRWEB)
September 19, 2017
The Workgroup for Electronic Data Interchange (WEDI), the nation’s leading nonprofit authority on the use of health IT to create efficiencies in healthcare information exchange and a trusted advisor to the U.S. Department of Health and Human Services (HHS), today announced the release of their latest industry white paper, entitled Barriers to Adoption of the ERA and EFT Transactions.
Written by the WEDI Remittance Advice & Payment (ERA/EFT) subworkgroup, the 51-page white paper identifies barriers to the adoption of the HIPAA adopted EFT (CCD+) and ERA (835) electronic transactions by payers, providers and vendors; provides details of the reason behind these barriers; and suggests steps that all stakeholders can take to eliminate the barriers and implement the transactions.
According to the paper: “Many barriers still exist that prevent providers and payers from adopting the Electronic Remittance Advice and Electronic Funds Transfer transactions. Some payers may not be fully HIPAA-compliant and do not offer both ERA and EFT transactions or do not provide all of the CORE Minimum Required Data for Reassociation. Payers may use vendors that introduce challenges in creating ERA and EFT files that match appropriately, including payment amounts and reassociation information included in both files. Issues with the ERA files, including balancing, grouping of the files, information reported from secondary payers and adjustment codes within the files, may make the files impossible for providers to post. Processes around the files like overpayment recovery and…