This transaction combines healthcare and payment transactions to move and settle funds from the payer to the provider and deliver the electronic remittance advice to the provider, triggered by a payer's business rules after claim adjudication. The payment will automatically reconcile and balance with the electronic remittance, because a single transaction initiates the activity.
For more information on specialty transaction processing and how InstaMed delivers business solutions to healthcare providers, please reference: Remittance, Front Office Payments, Back Office Payments, Automated Payment
Payers, please reference: Healthcare Payers