Payment Posting Services

Payment Posting in Medical Billing | Payment Posting Services | Top Payment Posting Services | Payment Posting in Healthcare Services

Outsource Your Payment Posting Services to Medical Billing Entry

At Medical Billing Entry, we provide reliable payment posting services that help you focus on your patients’ health while we take care of the financial side of things.

Payment Posting Services

Payment posting is a crucial aspect of your revenue cycle as it can offer valuable insights into the financial standing of your organization. With this process, you can analyze trends in reimbursements and gain a comprehensive understanding of the effectiveness of your revenue cycle. This allows you to make informed decisions that can help streamline processes and improve profitability. It’s crucial to have a highly efficient payment posting team in order to maintain clarity on the state of your revenue cycle. Accurate payment posting not only ensures timely processing, but it also provides valuable insights into your business’ financial health. Don’t settle for anything less than the best when it comes to managing your payments!

Our Payment Posting Process

Our remittance processing services are top-notch, with a high level of precision and timely responsiveness. Our team follows the procedures set by our clients to ensure maximum satisfaction. We proudly offer a range of services including:

Patient Payments. We gather valuable insights from our clients regarding point of service payments made by patients. These payments can be made through a variety of methods including cash, check, or credit card and may pertain to co-pays, deductibles, or services not covered by insurance. This information helps us understand patient behavior and optimize revenue streams for our clients. At our company, we take your patient account information seriously. Our team carefully reviews the information you provide and adjusts it to ensure accuracy and completeness. You can trust that our dedicated professionals will handle your sensitive data with utmost care and attention.

Insurance Posting: We offer a variety of formats for processing insurance payments to cater to your specific needs and preferences. Our range includes electronic, paper-based, and online options to provide a seamless payment experience for you.

Electronic Remittance Advisory. Our team efficiently handles a large volume of electronic remittance advice (ERA) submissions from payers by importing them in batches into our client’s practice management system. We carefully review each batch to ensure accuracy, and any exceptions are promptly corrected while verifying the batch totals. With our streamlined process, you can trust that your ERAs are processed with precision and ease.

Manual Posting: We understand that receiving scanned EOBs from clients is a common practice and we take great care in ensuring their security. Our secure FTPs and EHR system enable us to efficiently process each batch of EOBs while adhering to our client’s specific business rules. We handle adjustments, write-offs, and balance transfers with the utmost accuracy, whether it’s for secondary insurance companies or patients themselves.

Denial Posting. It is crucial to post claim denials to gain a comprehensive understanding of your customer’s Accounts Receivable cycle. When claims are denied, payers send them back with ANSI codes for denials and sometimes even include payer-specific medical coding guidelines. This information allows you to make informed decisions regarding your business operations and optimize revenue generation strategies. Our team has in-depth knowledge of payer-specific denial codes for most payers and are highly skilled in comprehending ANSI standard denial codes. You can trust us to efficiently handle any claim denials, maximizing your revenue and minimizing the hassle involved in the billing process. At our organization, we have a systematic approach to claims management. Every time a claim is denied, we make sure to document it in our practice management system for future reference. We then take proactive steps such as re-billing the secondary insurance company or transferring the balance to the patient’s account. In some cases, we may even write-off certain amounts to ensure seamless processing of claims and maintain transparency with our patients. Rest assured, all of these measures are taken with utmost care and diligence to provide you with exceptional service at all times.

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Benefits of our Payment Posting process

Achieving high-quality results is key to our business. Our global team of experts ensures that you receive an exceptional level of service with a contractual guarantee of over 97% accuracy. In reality, our team consistently exceeds expectations with over 99% accuracy, giving you peace of mind and confidence in the quality of our work.

We pride ourselves on our responsiveness to your needs. Our dedicated team members work tirelessly day and night to ensure that we can deliver results quickly. With a turnaround time of just 24-48 hours, you can rest assured that your projects will be completed in a timely and efficient manner.

It is crucial to have a precise comprehension of the A/R cycle. Payment posting accuracy plays a vital role in obtaining an accurate overview of your accounts receivable, enabling you to make informed decisions that will benefit your business. Don’t compromise on the accuracy of your payment posting and stay ahead of the game!

Analytics. We generate reports on A/R trends to:

By taking the time to understand the key reasons for claims being denied, your organization can minimize financial losses and optimize revenue collection. It’s important to also document cases that require eligibility and authorization, allowing for smoother point-of-service collections. Deepening your understanding of available services will only further ensure effective operations in maximizing revenue collection. It’s essential to be aware of what your insurance plan covers and what it doesn’t. With our exceptional processing services, we guarantee that we will follow your business rules and provide you with timely notifications regarding any trends, contractual adjustments, or denials. Moreover, our team is well-versed in the typical time it takes for insurance companies to process payments, ensuring that you’ll be able to manage your finances with confidence.

OUTSOURCE PAYMENT POSTING SERVICES

Efficient payment posting is a crucial step in the medical billing process to ensure an optimized revenue cycle. Accurately posting payments to patient accounts enables you to quickly identify any denials, which can be addressed with ease. Don’t let missed payments impact your business – implement proper payment posting methods today! The task of payment posting demands quick turnaround time and meticulous attention to detail, which cannot be flawlessly executed by just anyone. It requires a certain level of expertise and precision that only qualified professionals can deliver.

By outsourcing payment posting to Medical Billing Entry, a top-tier healthcare BPO services provider, your medical practice can streamline its payment process and enjoy cost efficiencies. Let the experts handle this busy work while you devote more time to delivering quality healthcare services to your patients. At our company, we take quality management and information security very seriously to ensure that outsourced payment posting in medical billing is completed according to your unique business needs, while maintaining the highest level of industry standards. You can trust us to follow best practices and deliver top-notch results that meet all your requirements.

MBE Payment Posting Services to Enhance Medical Billing

At the end of the medical billing cycle, payment posting is a crucial step in which we record the payment records of every patient in our billing management software. Our comprehensive range of services includes accurate and efficient payment posting to ensure that your revenue cycle operates seamlessly. With our expert solutions, you can rest easy knowing your patients’ payments are being handled with precision and care.

Explanation of Benefits (EOBs) Analysis

The Explanation of Benefits (EOB) comprises various essential parameters, including patients’ names, account numbers, service dates, procedure codes, denials confirmation, deductibles, co-insurances and much more. These aspects are crucial in understanding the billing and insurance claims process. Our team of payment posting executives is equipped with the necessary skills and tools to not only enter payment details but also analyze related data such as insurance receivables, inflow frequency, denials, and more. This ensures accurate and thorough recording for optimal financial management. Trust us to handle your payment postings with precision and efficiency.

Tasks Based on EOB Analysis

After analyzing the payment patterns, we promptly direct the action chart to the billing department. We make sure that any outstanding balance is immediately reported to the patient to avoid any inconvenience. Our efficient system ensures seamless and hassle-free payment transactions. By implementing this system, the billing department can easily and efficiently collect outstanding receivables from patients with minimal hassle. This not only streamlines the payment process but also ensures timely and accurate billing for both parties involved.

Tracking Cash Inflow

At MBE, we take cash flow management seriously. Our team monitors receivables and cash flow status in real-time, giving you a clear picture of your financial situation. With this information at your fingertips, you can make informed decisions about how to allocate resources and take necessary actions during unforeseen circumstances. Trust us to help you stay on top of your finances.

Benefits of Payment Posting Services at Medical Billing Entry

At our company, we have a specialized team that possesses extensive knowledge and expertise in medical billing & coding, as well as payment posting. Our competitors simply cannot compare to the level of service and accuracy that we provide. By outsourcing your payment posting to us, you can expect to reap the benefits of streamlined processes, improved efficiency, and ultimately better financial outcomes for your business. Trust us with your payment posting needs and experience the difference it makes for yourself.

Analyze Your Revenue Cycle to Increase Profits

Looking to improve your revenue cycle? Look no further than effective payment posting! Our team of skilled analysts can help you maximize profits and reduce accounts receivable days, all while freeing up time for you to focus on other important aspects of your business. Don’t miss this opportunity to take your revenue cycle to the next level!

Resolve Repeating Problems and Avoid Denials

In the revenue cycle of any business, several issues may arise that can be promptly resolved with accurate payment posting. Our team is dedicated to ensuring that all adjustments and denials are posted accurately, allowing you to focus on your core operations. We also take the time to identify the cause of denials and address these concerns proactively, leading to fewer denials in the future. Trust us to streamline your payment posting process and optimize your revenue cycle management today!

Improve Current Processes

Efficient revenue cycle processes are crucial for medical offices to run smoothly. Our team specializes in identifying problem areas and providing solutions such as adding, improving or removing certain processes to enhance overall effectiveness. By streamlining your revenue cycle, you can improve your staff’s efficiency and ultimately increase profitability for your business.

Speedup Denial Resolution Time

Preventing denials is the best way to resolve them, but sometimes they are unavoidable. Keep in mind that every day a denial remains unresolved, it increases your accounts receivable days. So act fast and deal with these issues promptly to avoid any negative impact on your business finances. Our team possesses the remarkable ability to swiftly detect denials and accurately re-file them, thereby significantly reducing the accounts receivable days. This ensures that you receive your payments faster and without any unnecessary delays. With our expertise, you can trust us to handle all your A/R needs with ease and efficiency.

Accurate Claims Submissions to Secondary Payers

Posting payments accurately is crucial in the healthcare industry as it impacts the accuracy of claims submissions to secondary and tertiary payers. With our meticulous payment posting, we ensure that primary payments are accurately recorded, thereby leading to correct billing and improved satisfaction levels for both vendors and customers.

Why Choose Medical Billing Entry for Payment Posting Services?

At our company, providing payment posting services is our expertise. With over a decade of experience in the field and satisfied clients worldwide, we are confident in our ability to handle your needs with precision and efficiency. By choosing us, you can rest easy knowing that your payments are being managed by a team of experts who prioritize accuracy and timeliness above all else. Trust us to take care of this critical aspect of your business operations so you can focus on growth and success.

• We accurately post claims that highlight overall billing efficiency and analyze reasons for low inflows.
• We utilize our expertise in denial management to address and reduce the rate of denials, depending on their frequency and nature.
• We have both the domain expertise and experience necessary to maintain accuracy of information according to our clients’ requirements.
• Our ability to swiftly review and interpret EOBs sets us apart from other billing professionals. Clients can be assured that we efficiently process and analyze these documents, saving valuable time and resources.
• We use Explanation of Benefits (EOBs) to understand why a patient needs to pay a balance in cases such as uncovered insurance, deductibles, co-insurance, and more.
• We offer cost-effective payment posting services with a quick turnaround time.

Hire a Medical Billing Entry for High-Quality Payment Posting Services.

For 15 years, MBE has been a leading expert in medical billing and coding, having successfully assisted clients worldwide. By outsourcing your payment posting services to us, you can ensure that your business is maximizing its revenue while allowing yourself the time to focus on what truly matters – your core competencies. Trust our proven track record and partner with us today. Our commitment is to ensure that all adjustments and denials are handled with precision, allowing patients to have a clear understanding of their payment obligations. We understand the importance of financial transparency when it comes to healthcare services, which is why we strive to provide exceptional support and timely resolutions.

Efficient Payment Posting Services

We specialize in payment posting services for medical billing, and our team of experts ensures accurate and timely posting to avoid any errors or discrepancies in your financial records.

Streamline Your Medical Billing Process

Our payment posting services are designed to make your medical billing process smoother and more efficient. By outsourcing this task to us, you can free up valuable time and resources that can be better spent on patient care.

Reliable Outsource Payment Posting Services

We understand the importance of reliability when it comes to financial matters. That’s why we offer outsource payment posting services you can trust. We use advanced technology and proven methodologies to ensure our services are always accurate and dependable.

Focus on What Matters Most

By outsourcing your payment posting tasks to us, you can focus on what matters most – providing quality healthcare to your patients. Leave the financial side of things to us, and rest assured that your finances are in good hands.

If you require any payment posting services, please do not hesitate to contact us. We would be delighted to assist you.

If you’re in need of a reliable payment posting service, don’t hesitate to reach out to us. We would be delighted to assist you with your needs and provide the solution you’re looking for.