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Posting payments received from various sources, including insurance companies, patients, and other payers, as quickly and accurately as possible is a priority for us. All prices are accurately recorded in the relevant patient accounts, thanks to the expertise of our team.
We handle payments from a variety of sources, including cheques, credit card payments, electronic remittance advice (ERA), Explanations of Benefits (EOB), and electronic funds transfers (EFT).
Our staff compares payments with the relevant claims to ensure that the correct amount has been received. This aids in finding any discrepancies and swiftly addresses underpayments or overpayments.
We actively look for refused or underpaid claims during the payment posting process. We minimise income leakage and maximise client compensation by swiftly resolving these problems.
We automate the payment posting process using cutting-edge software and technology whenever possible. This boosts productivity and lowers the possibility of human error.
In addition to accurately posting insurance payments to patients’ accounts, we do the same for patient payments. Our team accurately documents co-pays, deductibles, and other out-of-pocket patient costs.
We place a high priority on data security and strictly follow HIPAA compliance requirements. Our safe systems guarantee the confidentiality of patient data and safeguard crucial payment information.
To help our clients better understand their financial performance, we offer them thorough, personalised payment posting reports. These reports assist in monitoring, examining, and identifying areas for improvement in payment trends.
Our staff follows up on any payment exceptions or inconsistencies, including misidentified or incorrectly distributed funds. To address unresolved payment concerns, we follow up with payers and patients in a proactive manner.
Healthcare providers, medical billing businesses, and other entities engaged in healthcare revenue management can profit significantly from payment posting services. By expediting payment procedures, enhancing cash flow, maximizing revenue, and providing a more specialized approach to patient care, payment posting services, in conclusion, offer considerable advantages to healthcare providers. The following four benefits of employing payment posting services are highlighted:
Payment posting services simplify the labour-intensive process of logging and tying payments from numerous payers, including insurance companies, patients, and others. These services guarantee the accurate posting of payments, eliminating errors and preventing potential revenue leakage thanks to skilled people and cutting-edge technology.
Receiving electronic remittances (EOBs/ERAs) from insurance providers and patient payment data is a part of our payment posting service. Our team then carefully reconciles any disparities after precisely posting the payments in your practice management system and carefully matching these payments to the related claims.
