100+
Satisfied Clients
30%
Practice Revenue Rise
99%
Collection Rate
Enhance Operational Efficiency and Revenue With Payment Posting
Is your practice losing revenue due to errors in payment posting?
Accurate payment posting is the mainstay of an efficient revenue cycle. We provide reliable and precise payment posting services that help you streamline your billing process, stay on top of your finances, improve your analytical capabilities, and reduce denials.
With our expert team handling payment posting, you can rest assured that payments from patients and insurance companies are correctly recorded, claims are reconciled, and any discrepancies are addressed promptly to avoid revenue leakage.
Why Accurate Payment Posting Matters
Payment posting is an integral component of our medical billing services. When payments are accurately recorded against the correct claims, it directly impacts the reimbursement amounts received.
Outsource payment posting services to us and enjoy the results:
Better understand your revenue cycle
Recognize trends in reimbursements
Determine patient financial responsibility
Find and correct discrepancies early
Manage cash flow more efficiently
Boost compliance and reduce audit risk
Enhance relationships with payers
Resolve issues related to claim denials
Leverage analytics for informed decision making
Improve patient experience and satisfaction
Avoid costs associated with error correction
Benefits of Partnering with Us
- Enhanced revenue recovery
- Solutions on your system
- Stringent QA
- 30 to 40% cost savings
- 24-48 hour turnaround
- Readily available reports
We serve all 50 states
Our Payment Posting Process
1
Patient Payment Posting
2
ERA Posting
3
Manual Posting
4
Denial Posting
Patient Payment Posting
We handle point-of-service payments, including those made by cash, check, or credit card for co-pays, deductibles, and non-covered services. Our team reviews and updates patient accounts with this information to ensure accuracy.
Electronic Remittance Advice (ERA) Posting
Electronic remittances consist of numerous payment transactions. Processing ERA batches involves uploading these files into the revenue cycle system and addressing exceptions by making necessary corrections using the system’s features.
Manual Posting
We access the scanned Explanation of Benefits (EOBs) sent to us through secure FTP or the EHR system. Each batch is processed according to the client’s business rules for adjustments, write-offs, and transferring balances to secondary insurance or patients.
Denial Posting
Accurate posting of claim denials is essential for managing accounts receivable. Our team is skilled in payer-specific and ANSI standard denial codes. We record each denial in the system and take action, whether it’s rebilling secondary insurance, transferring the balance to the patient, writing off amounts, or sending claims for reprocessing.
