Payment Posting
What is Payment Posting
Payment posting is a crucial aspect of the medical billing process that involves accurately recording and reconciling payments received from insurance companies and patients. It encompasses the tasks of entering the allowed amount, paid amount, patient responsibility information, and calculating contractual adjustments. Payment posting plays a vital role in revenue cycle management as it ensures accurate accounting of payments, facilitates insurance follow-up, and supports financial reconciliation.
We Have Skilled Billers
At Better Medical Billing, our skilled billers understand the importance of reading Explanation of Benefits (EOBs) and comprehending payer communication nuances when handling payment posting accounts. Our team of billers possess the expertise to navigate complex EOBs and accurately interpret the information provided.
Electronic Remittance Advice (ERA)
Our billers excel in working with Electronic Remittance Advice (ERA) from payers, which enhances the efficiency of payment posting. We meticulously verify and reconcile the payments posted, ensuring accuracy and consistency between the ERA and the corresponding claims. This proficiency in handling ERAs enables our billers to address various scenarios, such as denials, underpayments, overpayments, multiple adjustments, automatic cross-over, secondary remittance, reversals, and more.
Comprehensive Reporting
Before closing the payment posting process, our billers conduct a thorough reconciliation by matching patient payments received at the front office with encounters entered in the back-office system. Our meticulous approach ensures accurate tracking of payments, reduces errors, and supports comprehensive financial reporting.
Choose Us As Your Medical Billing Partner
The step-wise assessment of medical billing performed by our specialized billers sets them apart from competitors. Our expertise in payment posting, combined with a deep understanding of the revenue cycle, makes Better Medical Billing the ideal partner for your practice. With our knowledge and attention to detail, you can trust that payment posting will be handled accurately and efficiently, contributing to a well-managed revenue cycle and optimized financial outcomes.
Partner with Better Medical Billing and experience the difference our specialized billers can make in your payment posting process. Contact us today to learn more about our comprehensive billing services and how we can support your practice’s growth and financial success.
Why Choose Us?
Choose our medical coding services at Better Medical Billing to experience the highest standards of accuracy, efficiency, and revenue optimization. Thank you for considering Better Medical Billing as your trusted partner in streamlining your billing and coding processes, ensuring compliance, and maximizing your financial outcomes.
Accuracy
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Revenue Optimized
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