What process involves the electronic transmission of claims data to payers for processing?

The process that involves the electronic transmission of claims data to payers for processing is known as claims submission. This is a crucial step in the revenue cycle management process, where healthcare providers prepare and send out claims to insurance companies or other payers after services have been rendered.

Claims submission utilizes electronic formats that streamline the process, minimizing delays and reducing the potential for errors that can occur with paper submissions. By sending claims electronically, healthcare organizations can receive faster responses regarding payments, denials, or requests for additional information, thereby improving cash flow and operational efficiency.

Billing cycle management refers to the broader process of managing the various aspects of billing, including the submission of claims but is not limited to that single action. Insurance verification is the procedure of confirming a patient’s insurance coverage and benefits prior to providing services. Patient registration involves collecting patient information at the beginning of care and is not directly related to claims processing. Hence, claims submission is specifically focused on the electronic transmission of claims, making it the correct answer.