An electronic remittance advice, or ERA, is an explanation from a health plan to a provider about a claim payment. An ERA explains how a health plan has adjusted claim charges based on factors like: Contract agreements. Secondary payers. Benefit coverage.

What is ERA payment by EFT?

Go paperless with the convenience and security of electronic remittance advice (ERA) and electronic funds transfer (EFT) from payers. Get funds fast with direct deposit. Streamline reconciliation and posting. Receive electronic EOBs in HIPAA-compliant files. Reduce costs and improve cash flow.

What are ERA payment reports?

A payment report is our version of an Electronic Remittance Advice (ERA). If you’re enrolled to receive payment reports within SimplePractice, you’ll receive one of these reports from the payer when a claim is finalized.