837 Transaction Set

The 837 Transaction Set is a standardized electronic document used by healthcare providers to submit claims, billing, and payment information to insurance payers. It ensures that detailed and structured data about services rendered, diagnoses, and costs are communicated efficiently and accurately. This format helps streamline the reimbursement process, reduces errors, and ensures all parties have consistent and complete information for processing claims. In essence, it's a universal language for healthcare billing that fosters clear and efficient financial transactions between providers and insurance companies.