The Advantages of EFT and ERA in Medical Billing
EFT deposits digital currency straight into your bank account, and ERA substitutes paper EOBs. Both computerized techniques improve medical billing services and give patients a smooth experience. You can read through this article to understand the benefits that EFT and ERA have to offer to make your Medical Billing AZ operations more efficient. The Benefits of EFT in Medical Billing Requires No Manual EOB Filing EFT doesn't require your patients to manually file Explanation of Benefits (EOBs) to record the payments made for services availed. EFT helps with this process and maintains a patient management system for the same. Offers Payment Security EFT offers built-in cybersecurity that ensures the safety of payments made by your patients to the medical practice. It helps reduce the chances of potential breaches, thus creating a sense of trust in your patients. Increases Cash Flow EFT leads to an increase in cash flow for your medical practice as patients know the amount they are
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