What is an electronic form used to post reimbursements?

The electronic form used to post reimbursements is the Electronic Remittance Advice (ERA). The ERA is a standardized electronic document that provides detailed information about the payments made by insurance companies for claims submitted by healthcare providers. It outlines the amount billed, the amount approved for payment, any adjustments or denials, and the patient's responsibility, allowing providers to efficiently reconcile their accounts receivable.

Using the ERA streamlines the billing process by reducing the need for paper statements and facilitating faster processing times compared to traditional paper remittance advice. This contributes to increased efficiency in the revenue cycle management by allowing healthcare providers to automate and integrate the information directly into their billing systems, speeding up the reconciliation of payments.

In contrast, a Paper Claim Form is utilized to submit claims for reimbursement to insurance companies, not to post reimbursements. A Patient Statement is a document sent to patients detailing their balance owed for services provided, and a Claim Invoice is similar in nature to a billing statement used to request payment but does not function as an electronic record of reimbursements issued by payers. Thus, the ERA is the accurate answer in this context, as it specifically pertains to tracking and posting incoming payments and reimbursements in the electronic format.