What are the four methods a practice use to submit insurance claims companies?

1. Paper claims: This is the traditional method of submitting claims, where the practice prints out the claim form and sends it to the insurance company by mail.

2. Electronic claims: This method involves submitting claims electronically through a clearinghouse or directly to the insurance company's website. Electronic claims are faster and more accurate than paper claims, and they can help reduce the practice's administrative burden.

3. Direct deposit: With this method, the insurance company sends the claim payment directly to the practice's bank account. Direct deposit is a convenient and secure way to receive claim payments.

4. EFT/ERA (Electronic Funds Transfer/Electronic Remittance Advice): EFT is a method of transferring funds electronically between bank accounts. ERA is a standard format used by insurance companies to provide electronic explanation of benefits (EOB) and remittance information to providers. EFT/ERA allows for faster and more efficient claims payment processing.