Payment posting is an ongoing challenge facing nearly any supplier or procedure on a daily basis. Payment posting is the last step that completes the medical billing process and deals with the collection of benefit explanation (EOB) and enabling medical insurance payments. The payment posting process meets the end by entering payment records in the medical billing software for each payment. Nuisance to providers; some health insurance institutions are unable to provide electronic remittance advice (ERA) resulting in medical payments being entered manually.These payers ‘ manual procedures can sometimes cost hospitals substantial time and money, because laid back payers ‘ systems continue to reenter the amount of medical payments in their records.These payers ‘ manual procedures can sometimes cost hospitals substantial time and money, because laid back payers ‘ systems continue to reenter the amount of medical payments in their records. Mircalemed provides reliable and fast payment uploading and posting services to help the practice speed up processes to make things easier for you.
The EOB statement not only contains essential information related to billed number, rejection information, codes, co-payments, etc., but it can also recognize a pattern in receivables such as in flow frequency, denial likeliness, unpaid amounts, etc.
Our team analyzes this trend here at Mircalemed by carefully screening the EOB and then entering the essentials in the billing software.Such knowledge can help to develop a strategy for can payments and reducing denials in the future. Mircalemed keeps track of all the unpaid payments (such as the discrepancy between the approved amount and the patient’s medical payments).
In the future, this will help the company experience better cash flows.
With the following medical billing services, Mircalemed will assist you with payment posting:
Payments will be recorded within 24 hours of receipt. EOB’s careful analysis of bill reporting, estimating write-off rates, measuring deductibles and co-insurance.
EOB’s quality assurance to test for error-free claims collection.
Quality assurance of EOB to check the error free processing of claims.
Electronic Remittance Advise (ERA).
An electronic data advice is an electronic data interchange version of medical insurance payment explanation