Accurate Financial Records
Precise payment posting ensures your records are flawless and compliant with financial regulations.
Comprehensive Payment Posting Services
Ensuring Accurate and Timely Financial Transactions
Our payment posting services offer a comprehensive approach to managing financial transactions, ensuring precise reconciliation and maintaining financial integrity. Our meticulous process guarantees that all payments from insurance companies and patients are accurately accounted for, providing clear visibility into your financial status.
Our Payment Posting Services
Our payment posting services encompass a comprehensive approach to managing financial transactions, starting with recording payments from both insurance companies and patients. We ensure precise reconciliation of accounts to guarantee that all payments are accurately accounted for, maintaining financial integrity. Additionally, we handle adjustments and write-offs with meticulous accuracy to ensure your records are flawless. Our dedicated team posts scanned copies of Explanation of Benefits (EOB) and checks into the system promptly, reconciling entries on a daily basis to provide consistent and transparent financial oversight.
How Our Payment Posting Services Work
- We record payments from insurance companies and patients, ensuring all transactions are accurately documented.
- Our team reconciles accounts daily to ensure all payments are accounted for and discrepancies are immediately addressed.
- We manage adjustments and write-offs with meticulous accuracy to maintain flawless records.
- We handle electronic payment posting into medical billing software, managing exceptions manually to ensure no payment is missed.
- Posted ERAs are stored in the billing system or a Document Management System (DMS) for future reference.
- We work closely with the denial management team to ensure timely rework and rebilling, minimizing revenue loss.
- Our detailed process indicates client-specific levels for write-offs and adjustments, with immediate action on deviations.
- We identify and convey patient payment responsibilities early to facilitate faster collection cycles.
- Our Contract and Credentialing team reviews payer contracts and fee schedules, ensuring accurate payment posting and adjustments.
Why Choose Our Payment Posting Services?
Improved Cash Flow
Effectively managing cash flow helps anticipate financial needs and make informed decisions.
Reduced Denials and Write-Offs
Timely rework and rebilling minimize delays and reduce write-offs.
Enhanced Patient Satisfaction
Clear communication of patient responsibilities improves the overall patient experience.
Compliance with Contracts
Regular review of contracts and fee schedules ensures payments and adjustments are posted accurately.