Payment Posting in Medical Billing

Why Choose Billed Right as your Medical Billing Payment Posting Services Partner?
RCM SERVICES

Payment Posting in Medical Billing

Payment posting is critical to the financial health of your practice. Medical billing payment posting doesn’t just mean posting payments but also payment adjustments as well as payment denials. Should you get behind on posting payments, or the posting is done incorrectly, it will reflect negatively in your account receivables.

Do you have AR that is 'inflated' due to unposted charges? Do you have piles of paper EOBs on your desk, simply unworked for months? Perhaps years? Payment posting in medical billing can be tedious but we can help you clean it up and get your AR up to date.

Payment Posting in Medical Billing
OUR EXPERTISE

How do we do it?

  • Insurance payments are posted to patient accounts from EOB’s into the client’s software systems with a turn-around time of between 24 to 48 hours.
  • Whether you have electronic lockboxes or receive hundreds (or thousands) of EOB’s mailed weekly to your office, this information must all be posted to a patient’s account promptly or incorrect reconciliation will happen.
  • Payments received can be either paper checks or EFT-electronic fund transfers

 

 

  • Each day, payments received will be accessible via your practice management system and through scanned checks. Each line is posted at the end of the month, your monthly payment will be posted and reconciled.
  • If you are receiving paper EOB’s, you simply scan them to a secure FTP site for us to work with. If you have electronic lockboxes, we can interface with them to get the information we need. Having these readily available in your practice management software allows us to make all information available to you on a real-time basis.

Billed Right’s goal, as your strategic partner, is to ensure you are successful. This means we ensure timely payment postings as part of our Revenue Cycle Management service.

Contact us today to learn how partnering with us can help your bottom line!

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