{"id":310802,"date":"2022-02-22T08:26:43","date_gmt":"2022-02-22T13:26:43","guid":{"rendered":"https:\/\/www.billingparadise.com\/blog\/?p=310802"},"modified":"2026-03-09T02:59:47","modified_gmt":"2026-03-09T07:59:47","slug":"easy-way-for-cfos-actively-monitor-revenue-leaks-through-efts-and-eras","status":"publish","type":"post","link":"https:\/\/www.billingparadise.com\/blog\/easy-way-for-cfos-actively-monitor-revenue-leaks-through-efts-and-eras\/","title":{"rendered":"Easy Way for CFOs Actively Monitor Revenue leaks through EFTs and ERAs"},"content":{"rendered":"

A healthcare CFOs burden is to always maintain the expenses according to the profits received. Sometimes CFOs forget all revenues received by a hospital or clinical group by billing out claims for the services rendered by the respective physician or department. Forgetting why the so-called revenue leaks are happening and encouraging them to provide more and more services does not make sense because there is already tens of thousands of dollars pending with the insurance companies unpaid. These are not only denials<\/a> but certain elements which take only minor tweaking in the electronic payments side of the hospital or clinical group.\u00a0<\/span><\/p>\n

We have encountered various clinical groups and hospitals that make the same mistakes of not monitoring electronic payment set up for all the insurance companies they are in network with. They still use manual methods to receive payments from insurance companies and necessary reconciliation outside the PMS or EHR they might have. This not only slows the entire reimbursement process, but also creates a lot of confusion if the patient volumes are higher than average. A well performing hospital or clinical group with 100 beds will always face this endeavor when it comes to manual paper payment documents. <\/span><\/p>\n<\/div><\/div>

The best way for any CFO to play an active part in the electronic reimbursement of their practices is to have access to Enrollhub and the designated Clearing House they use. If the CFOs think that enrolling with various insurances through Enrollhub might be a time consuming and complicated process, but it is not true. Here’s how Enrollhub enrollment process takes place:<\/span><\/p>\n

(Please recreate this flow chart, using the content data in the image)<\/span><\/p>\n<\/div><\/div>[vc_custom_heading text=”One-to-many solution for EFT or ERA using Enrollhub:” font_container=”tag:h2|font_size:24px|text_align:left|color:%23f26737″ google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:400%20regular%3A400%3Anormal”]

A number of local and nationwide health insurance plans are currently networking in EnrollHub, and as always new insurance plans continue to join everyday, some. Of. The famous payer examples are:<\/span><\/p>\n<\/div><\/div>