One Inc Launches ERA Solution in US Market

Some news from the US for you;

One Inc, the leading digital payments network for the insurance industry, today announced the launch of its advanced 835 Electronic Remittance Advice (ERA) solution, fully integrated into the ClaimsPay^® platform. Combined with the company’s market-leading payments platform, this innovative solution streamlines remittance processes to healthcare providers, particularly benefiting workers’ compensation insurers, and extends its capabilities across all Property and Casualty (P&C) insurance segments.

The enhanced ERA functionality within ClaimsPay enables insurers to effortlessly generate and distribute standardized 835 remittance files directly to hundreds of thousands of providers’ Revenue Cycle Management (RCM) systems. By providing detailed line-item data crucial for accurate claims payment reconciliation and matching the 835-remittance data directly with the corresponding payment, the solution significantly enhances payment accuracy, accelerates reconciliation, and reduces administrative workloads.

“Our goal is always to proactively solve insurers’ payment challenges,” said Ian Drysdale, CEO of One Inc. “By integrating comprehensive ERA capabilities within ClaimsPay, we empower workers’ compensation and other P&C insurers to meet or exceed stringent regulatory demands while significantly boosting operational efficiency. This advanced remittance capability ensures the payment process is more precise, transparent, and beneficial for all stakeholders.”

Despite the clear advantages of standardized 835 ERA files, fewer than 20% of workers’ compensation claims currently use them. Research from the Council for Affordable Quality Healthcare has found that the broader adoption of 835 ERA files could yield annual cost savings of $695M for the U.S. healthcare system, driven by fewer errors, faster processing times, and streamlined administrative tasks.