Billing and Reconciliation of Accounts (Payment Posting)
Despite your best efforts to bill and code for your medical services rendered, your reimbursements may not be matching your expected level. While you know the need for a proper reconciliation of your patients' insurance accounts, the sheer volume of insurance accounts that your practices encounter makes it impossible for undertaking a comprehensive reconciliation internally. As in the case of other medical billing components, it is always prudent to outsource Billing and Reconciliation of Accounts (Payment Posting) to competent medical billing companies who, along with quality assurance, can also offer economies of scale from voluminous business operations.
We – Medicalbillersandcoders.com, known for proven credentials in comprehensive Medical Billing Management for diverse medical practices – offer you a streamlined Payment Posting solution, both as a separate component as well as an integral part of our comprehensive Revenue Cycle Management.
Adhering to the best practices in health care revenue management, our AR Management – evolved out of industry experience over the years – can expedite outstanding payments, resulting in appreciable increase to collection ration.
Known for its fully automated features, our technological superior interface ensures that your Payment Posting is carried out accurately and instantaneously. Physicians can expect to be benefited from:
- Avoiding errors in EOB or correcting the errors made by an insurance payer, resulting in positive impact on revenue augmentation; our ability to carefully read and comprehend the EOB necessitates pre-empting errors sneaking into medical billing.
- Having Electronic Remittance Advice (ERA), which enhances your productivity and streamlining workflow. Moreover, as Electronic Remittance Advice (ERA) can be integrated to your PMS, you can expect to refer to it with your original billing summary quite easily.
- Our Payment Posting also augments insurance follow up, which is crucial in optimizing your revenue as you are bound to encounter delay or denials owing to inherent medical billing errors. With our vigilant Insurance Follow Up measures, you can expect your claims to be resubmitted for augmenting claim realization at the earliest.
- Operational efficiency as our Payment Posting is built with electronic features that render optimal efficiency at a relative reduced cost.
Thus, capable of elevating your Medical Billing Practices to the benchmarked industry practices, our Payment Posting Solution – carried out by competent and qualified professionals, drawn from diverse medical billing disciplines, and having substantial experience in interacting with diverse medical health insurance carriers as well as Medicare and Medicaid – should be able to infuse value-addition to your medical billing.