Fact Sheet: What’s new in Version 8020 X12 TR3s?

Put together by the WEDI Remittance Advice and Payment SWG: The new Corrected Payer Name Loop in Version 8020 X12 TR3s is designed to improve the accuracy and efficiency of reporting multiple insurance payers. It offers clear benefits by reducing manual rework, improving member and provider satisfaction, and incentivizing the use of the 835 transaction. However, it also requires updates across various systems and processes, necessitating thorough education and system modifications for all involved stakeholders.