Payment Posting Services

Payment posting in medical billing is a critical part of revenue cycle management. It helps providers get a fair estimate of reimbursements trends and overall financial status. Besides, it helps in addressing denials in the most effective ways. It is because of these reasons that it is important to have an efficient payment posting service in place. It effectively help targeting the denials which comes across daily, we work in timely manner within 24 hours all ERA/EOB will be completed / captured into PMS.

MedFix has over 2 years of experience in providing reliable and cost-effective medical payment posting services to healthcare organizations of all types and sizes. We assure our clients quick turnaround time with the help of a well-organized posting process. Our client, which includes large hospitals and mid-sized and small practices on our expertise to accurately post insurance payment data from ERAs, post insurance checks from EOBs, and post patient payments. We follow the best payment posting practices and information security mandates to meet your business requirements as per industry standards.

Identifying denials

Identifying denials for medical necessity, non-covered service, service not authorized, etc. and prevent them from occurring again.

Updating patient responsibility

Updating patient responsibility when there is a difference between allowed amount and payment amount

Writing off

Writing off the difference between actual claim submitted and claims received

Routine Payment

Conducting routine payment reviews to keep receivables updated

Tracking payment

Tracking payment patterns to identify inconsistencies and trends

Payment Process

We manage the payment process daily from electronic remits, paper EOB’s, and patient statement. Payments are reviewed, line-item posted in the system, compared against fee schedules and then balanced.

Patient Payment Posting

We also take care of patient payment posting in the practice management software so your staff can concentrate on other important tasks.

Insurance Payment

Our experts proactively perform insurance payment posting and patient payments in medical billing software to streamline the practice cash flow.