Payment Posting Company
Our payment posting services in medical billing aims to improve the collection rates and revenues with accurate posting of payments into the respective accounts. These payment posting processes enable you to make decisions to boost your revenue.
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To track the received payments, identify the underpayment issues, denial reasons, and unpaid balances–get connected with our medical cash posting experts. Our experts know how payment posting in healthcare is done.
Be it manual payment posting or electronic payment posting, our professionals have the right and required experience.
Our experts know how to record the payments made by the patients or the insurer without any discrepancies and errors.
Manual posting in medical billing with an in-house team is expensive, but with our electronic payment services and experts, it’s cost-effective.
In-House Billing
$25,000
Care Billing Solutions
$25,000
Results
No change
In-House Billing
$21,250
Care Billing Solutions
$23,750
Results
+$2,500
12% increase
In-House Billing
$2,500
Care Billing Solutions
$2,750
Results
+$250
10% increase
Experience seamless payment posting for faster reconciliation, improved cash flow, reduced errors, enhanced workflow efficiency, and more time to focus on patient care and practice growth!
With no discrepancies and less receivable days, we improve your practice and healthcare revenue. There is always an opportunity for improvement with us.
With accurate payments posted in the respective accounts, denial identification and its timely resolution becomes much easier.
After accurate charge entry and payment posting, it becomes easier to know what are the actual and remaining amounts the secondary payor has to pay.
With our medical billing payment posting process, we make sure that every payment is accurate and denials are addressed so that there is no outstanding balance.
With our efficient and reliable electronic payment posting process, we ensure the security of the payments. There are no changes to the actual payments made.
Timely posting payments makes less chances for account imbalances and mismanagement. We post the payments as soon as the information is received.
Why Us?
Clients Satisfaction
Cost Reduction
Revenue Increase
Work Accuracy
Our Process!
Our payment posting process flow helps us in providing our clients with a high degree of accuracy with the amounts received & recorded.
The initial steps of the payment posting process in healthcare is gathering the information about the payment along with the date it is received.
Before we post insurance payments, we verify the payments. We verify these payments against the posted claims. The claims and payments must be in sync.
We categorize the payments based on the claim type, the services for which the payment is made and for each patient. This reduces the risk of missing payments.
After categorizing the payments, these received payments are recorded into the healthcare’s or the physician's financial system. These are also allocated to outstanding balances.
Identifying the discrepancies and missing payments compared to the claims submitted. We look for payment issues and resolve them for better revenue.
After the payments are reconciled and are accurate, they are now updated into the financial system of the healthcare, clinics, or physicians.
For a better cash flow, improved revenue it is better to have a payment posting service hired. These payment posting services take complete responsibility of tracking your received amounts and overdue amounts.
The most important step of the payment posting process in medical billing is to gather the payment information, compare the payments with the denials, address the discrepancies, and add the accurate and updated payments into the patient accounts and financial systems.
Payment posting is not something you should be doing once a week, month, or a year. It is a day to day process of tracking the amounts received and pending amounts. This daily posting ensures financial stability and managed financial accounts.
The steps and processes will remain the same for both patient payment posting and the insurance payments. However, for insurance payments the details gathered are slightly different from the ones required for patients.
Yes, we take complete responsibility for the payment posting reconciliation. We investigate the reasons behind the discrepancies, underpayments and delays. After the resolution of these issues, we make necessary adjustments to the patient accounts.
Client Testimonials!
Mary D. White
Clinic coder
“Care Billing is one of my best decisions to consider for my medical billing needs. This billing company offers the best billing professionals who take complete responsibility of billing and payment posting tasks. I recommend them for your billing needs as well .”
- Mary D. White., Clinic coder
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Get a quote for Payment Posting Services today!