Payment Posting

PAYMENT POSTING: AN ESSENTIAL STEP OF THE MEDICAL BILLING PROCESS

Payment posting has a vital role in revenue cycle management for a healthcare organization. The process of payment positing has several essential steps such as posting, deposit functions and reconciling posting activities. Therefore, payment posting has a huge influence on managing your finance and hence it isn’t a point to be overlooked.

Payment posting gives a clear outline of your revenue stream and helps you catch errors faster. In addition, this helps to rectify the errors. Through this, you can see daily EOBs insurance payments and ERAs insurance checks, patient payments etc, giving you a clear insight into your day-to-day finances.

IMPORTANCE OF ACCURATE PAYMENT POSTING

It is essential to have an accurate payment posting process as it directly affects your revenue cycle. Hence keeping a close eye on it in the initial stage itself will save lots of time and effort while increasing the efficiency of your revenue cycle. We have a well-dedicated team that will ensure the smooth functioning of the process.

An efficient payment posting would bring you several benefits like:

WAYS OF PAYMENT POSTING

We help providers in posting the payments and ensure that it is executed effectively.

CHECK OUT WAYS OF PAYMENT POSTING THAT WILL HELP YOU OPTIMIZE YOUR REVENUE:

WRITE-OFF

We make sure that the staff is responsible for posting using specific write-off codes. Maintain a quarterly auditing process to reduce the chances of embezzlement. Always verify the accuracy of each refund request before it is issued.