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Payment Posting
Payment Posting
Payment Posting is the important part in Revenue Cycle Management. It provides a view on insurance payments in EOBs, payments from patients, and insurance checks from ERAs.
Payment Posting in Revenue Cycle Management:
Payment posting is the last and critical step of the revenue cycle management of any solo practitioner or healthcare organization. Accurate payment posting offers clarity on the state of your revenue cycle. A smooth payment posting process flow increases the potential output of the entire medical billing process.
Payment Posting in Medical Billing:
What is Payment Posting in Medical Billing? Also known as cash posting, payment posting viewing the payments and the financial picture of medical practice. It provides a view on insurance payments in EOBs, payments from patients, and insurance checks from ERAs. We are your cost effective yet efficient way of operating the payment postings in your medical practice.
6 ways payment posting can make your billing process more efficient an increase revenue:
Verify payment details
Verify every minute of patient details like mentioned in EOB such as billed amounts, allowed amounts, adjusted amounts, denial information, and co-pays.
Patient payments
We enter all the patients payments in the form of credit/ debit, cash, cheques and could be on account of co-pays, deductibles, or non-covered services..
ERA Processing
Electronic Remittance Advice (ERAs) carry information about a large volume of payments. We quickly sort paid and unpaid ERAs for easier accounting.
EOB Processing
While many payers provide the EOBs in electronic formats, in some cases payments are received with manual EOBs. we carry this out as per client-specific rules.
Denial Posting
Posting of claim denials is important to ensure that the rebilling to secondary insurance companies or transfer of the liability to the patient is Posting of Claim denial information or decisions can be taken on write-offs.
Patient Demos, Eligibility, Pre-Auth Verification
We help practices to enter Patient Demos, create patient charts, verify patient eligibility with payers before the appointment date, obtaining prior authorizations to help healthcare professionals to submit clean claims.