Payment Posting & Reconciliation
Reimbursement realized from the Insurance and Patients are accounted appropriately to the respective patient accounts in the billing system. Besides applying the payments our skilled and analytical staff checks for down coded payments, contracted fee-schedule and contractual adjustments.
The team scrutinizes the overpayment, recoupment and processes the refunds with appropriate documentation to the Insurances according to the practice guidelines.
Our services include managing and reporting the daily deposits, EFT payments, Patient cash receipts and credit card payments. A daily and MTD reconciliation is reconciled at the batch and deposit level to ensure that all the payments received are posted. Additionally the team prepares the secondary paper claims, write-offs and adjustments.
Shifting these tasks to the trained and seasoned payment posted ease the Physicians, Facility and Hospital to focus on their office duties.
Key highlights of Payment Posting Solution: