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In many aspects, the payment posting procedure gives insight into the efficiency of your revenue cycle. It allows you to analyze reimbursement patterns and perform analytics. Payment posting accuracy provides insight into the condition of your revenue cycle. Thus you must hire a highly efficient workforce to handle payments.
Payment posting is one of the final processes in the medical billing process. It is critical for an effective revenue cycle. After payments have been posted to patient accounts, any denials can be resolved using proper payment posting techniques. Simultaneously, quick response time and attention to detail are critical features of the payment posting activity that cannot be handled by just anyone. Outsourcing payment posting to CareMSO, a renowned healthcare BPO services provider, will help your medical practice speed up this procedure.
We process many sorts of remittances with high accuracy, enhanced timeliness, and adherence to our client’s protocols. We provide the following services:
Our clients provide information on patient payments made at the time of service. These payments may be paid in cash, cheque, or credit card for co-pays, deductibles, or non-covered treatments. Our staff examines the information collected and makes adjustments to each patient’s account.
We get many ERAs from payers and process them in batches in the client’s practice management system. Exceptions are thrown out by each batch run, which we rectify along with complete batch verification.
Claim denials must be posted to gain a complete picture of the customer’s A/R cycle. Each claim denial is recorded in the practice management system. We take steps to re-bill the secondary insurance carrier, transfer the balance to the patient, write off the amount, or reprocess the claim.
EOBs are frequently scanned and sent to us by our clients. Each EOB is accessible through secure FTPs via the EHR system and processed for adjustments, write-offs, and balance transfers to secondary insurance companies or patients per the client’s business regulations.
Processing of payments made by patients.
Processing of electronic remittance advisory ERA.
Manual Processing of payments made by insurance companies without ERA.
denials and re-billing to the secondary insurance company
You have a contractual guarantee of over 97 percent accuracy with our worldwide delivery team. Still, you receive over 99 percent accuracy in reality.
We can guarantee a 24-48-hour turnaround time because our team members work around the clock.
Our payment posting services are not limited to the posting only. With our experts, on A/R, we create analytical reports.
We follow your company’s policies and alert you to any notable trends, contractual changes, or rejections.
