IMPORTANCE OF PAYMENT POSTING

Medical payment posting, as a critical step in the medical billing process and an essential component of revenue cycle management, provides the following benefits when done correctly:

• Keeping track of denials and reducing resolution time

• Improved Claim Submission Accuracy to Secondary Payers

• Recurrent problems are resolved

• Improves the Active Process https://www.247medicalbillingservices.com info@247medicalbillingservices.com https://www.247medicalbillingservices.com info@247medicalbillingservices.com

How to ensure an accurate payment posting?

Payment posting can be done either in-house or through outsource payment posting services. Here are some tips for ensuring accurate payment posting:

• Always double-check that the data from EOBs and ERAs corresponds to the payments.

• When collecting deductibles or co-payments during insurance remittance processing, look for problems or revenue cycle leaks.

• To avoid errors, notify management of denials for medical necessities, non-covered services, and prior authorization.

• Always follow up on denials promptly. https://www.247medicalbillingservices.com info@247medicalbillingservices.com https://www.247medicalbillingservices.com info@247medicalbillingservices.com