EFT/ERA Enhancements Coming in 2014
EmblemHealth is pleased to be implementing PNC Remittance Advantage* in 2014. Remittance Advantage is an electronic payment tool including electronic funds transfer of claims compensation and electronic remittance advice (EFT/ERA). This program deposits payments from EmblemHealth directly into your bank account and informs you of these payments. This program enhances our existing electronic funds transfer system.
PNC Remittance Advantage will help you manage your practice accounts receivables more efficiently via direct deposit, remittance advice and payment details you can access online. The program is available to physicians, providers, facilities, hospitals and billing companies free of charge. All you need is a computer and an Internet connection.
With PNC Remittance Advantage you will be able to:
- Improve your cash flow
- Reduce administrative expenses
- Match payments to remittances quickly and easily
- Manage the destination of your claim payments
- Manage user access
Later, we will provide you with information about how to register to take advantage of PNC Remittance Advantage. Stay tuned for further developments.
*PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”) Banking and lending products and services, bank deposit products, and Treasury Management services for healthcare providers and payers are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC.
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