What does 'Payer ID' signify in Epic Resolute PB?

What does 'Payer ID' signify in Epic Resolute PB?

• A. A unique identifier for patients
• B. A unique identifier assigned to insurance payers
• C. A code for medical procedures
• D. Identification for healthcare providers

Answer: (B)

'Payer ID' signifies a unique identifier assigned to insurance payers within the Epic Resolute Professional Billing system. This identifier is critical for facilitating the claims process, as it allows the billing system to accurately route claims and communicate with the correct insurance company. By using the Payer ID, healthcare providers can ensure that their claims are submitted to the right payer, which helps to streamline billing operations and improve the efficiency of revenue cycle management. This identifier aids in reducing errors in claim submissions and processing, as it clearly distinguishes between different insurance carriers. Understanding the significance of the Payer ID is essential for billing professionals, as it impacts the financial operations of healthcare practices.

'Payer ID' signifies a unique identifier assigned to insurance payers within the Epic Resolute Professional Billing system. This identifier is critical for facilitating the claims process, as it allows the billing system to accurately route claims and communicate with the correct insurance company. By using the Payer ID, healthcare providers can ensure that their claims are submitted to the right payer, which helps to streamline billing operations and improve the efficiency of revenue cycle management.

This identifier aids in reducing errors in claim submissions and processing, as it clearly distinguishes between different insurance carriers. Understanding the significance of the Payer ID is essential for billing professionals, as it impacts the financial operations of healthcare practices.