Understanding Payment Posting Services

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Understanding Payment Posting Services
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Understanding Payment Posting Services
Payment posting is essential to any solo
practitioners or healthcare organizations
revenue cycle management. It entails posting and
deposit functions and reconciling posting
activities and deposits. The payment posting
process impacts many other aspects of the
healthcare organization, including efficiency,
patient satisfaction, and overall financial
performance. Payment posting also offers insight
into a practices daily revenue stream and
enables practices to identify and correct
potential issues quickly. It is essential for
your practice to be apt to see daily insurance
payments from EOBs, patient payments, insurance
checks from ERAs, and other information. In
addition, having an efficient ERA/EOB payment
posting system provides a clear picture of your
day-to-day financial situation. Lets have a deep
understanding of payment posting services
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Types of Payment Posting

• Types of Payment Posting
• Payment posting in medical billing is done in two
  ways, depending on the level of insurance
  coverage and the patients financial ability
• Manual Posting Manual posting is a payment
  posting completed by administrative staff and
  typically takes longer to fill out the
  information. This posting increases the
  likelihood of various errors, such as typos and
  delaying payment posting.
• Auto Payment Posting Auto payment posting is a
  software-driven approach that most industries
  choose as their digital solution to speed up the
  medical billing process and ensure a consistent
  revenue stream.

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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
• Improves the Active Process
• Recurrent problems are resolved

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Partnering with 24/7 Medical Billing Services!
Undoubtedly, accurate payment posting impacts
overall efficiency and infrastructure. Medical
billing and coding service providers such as 24/7
Medical Billing Services assure accuracy and aid
in determining the cause of low inflows. Dont
hesitate to contact our billing experts to
improve your overall medical billing and payment
posting process.
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About Us
We are a medical billing company that offers
24/7 Medical Billing Services and support
physicians, hospitals, medical institutions and
group practices with our end to end medical
billing solutions. We help you earn more revenue
with our quick and affordable services. Our
customized Revenue Cycle Management (RCM)
solutions allow physicians to attract additional
revenue and reduce administrative burden or
losses.
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Contact Us
Media Contact 24/7 Medical Billing
Services Georgia 3001 Greenfield Drive, Marietta
GA 30068 Ohio 28405 Osborn Road, Cleveland, OH
44140 Texas 2028 E Ben White Blvd, 240-1030
Austin TX, 78741 Delaware 16192 Coastal Highway,
Lewes, Delaware 19958, United States Phone no /
Fax [phone]
Email us info_at_247medicalbillingservices.com
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