Faster Patient Billing, Reconciliation
and Payment Collection!
Lytec features full integration with our Electronic Remittance Advice (ERA)* service! ERA is the electronic equivalent of the Explanation of Provider Payment (EPP). It provides detailed information on how claims are paid, reasons for adjustments and explanations for denials.
An ERA allows quicker processing of patient billing and faster accounts receivable reconciliation. ERAs can be viewed or printed to assist in reconciling patient accounts and are delivered to you
immediately upon receipt from the payer.
With our service, ERAs can be automatically sent to your Lytec accounts receivable system where the ERA information combined with all other Lytec patient billing information becomes an indispensable tool in managing your patient billing and cash flow accounting.
Lytec Electronic Remittance Advice Benefits:
• Expedited payment process
• Increased staff productivity
• Single source for administrative transactions; all-payer data received in a consistent and manageable format
• Enables providers to focus more on patient care and less time on administrative tasks
• Accurate. time-saving and automatic payment data posting into Lytec
Enhance Your Practice’s Revenue Cycle with these additional Lytec Transaction Solutions:
• Electronic Eligibility Verification
• Electronic Claims Processing
• Electronic Patient Statements
Lytec provides you with all the tools you need to simplify complex financial and billing tasks.
All of this and more at an affordable price.
|