Remittance Enrollment Guide for COLONIAL PENN LIFE INSURANCE COMPANY

What is a Remittance?

A remittance, or Electronic Remittance Advice (ERA), is a digital explanation of payments and adjustments sent from a health plan to a provider after a claim is processed. It details what was paid, denied, or adjusted, and why. Remittances are essential for reconciling payments and understanding claim outcomes.

Why Choose Electronic Remittance?

• Faster Payments: Receive payment details instantly, without waiting for paper mail.
• Fewer Errors: Reduce manual data entry and avoid lost or misfiled paper EOBs.
• Easier Reconciliation: Quickly match payments to claims in your billing system.
• Better Security: Electronic delivery is more secure and private than paper mail.
• Eco-Friendly: Cut down on paper waste and storage needs.

Tip: Most providers find that switching to electronic remittance improves office workflow and speeds up revenue cycle management.