Cash and Payment Posting Services

Simplify and make more efficient
your payment posting procedure

Are you frustrated with the perpetual administrative work, overlooked payments, and slow reimbursement process involved in managing the financial elements of your medical practice?

Benefit from Healthcare’s exceptional cash and payment posting services, specifically intended to enhance precision and productivity, enabling you to effectively manage your financial matters. Our team comprises qualified specialists that possess extensive knowledge and expertise in medical billing and coding. They have successfully collaborated with doctors and billing offices across many specialties. We possess a comprehensive understanding of the unique difficulties and intricacies associated with medical billing. Our expertise allows us to navigate the system to achieve our goals.

Our cash and payment posting services guarantee the accurate documentation and timely transfer of all payments to the relevant patient accounts on the same day. We promptly process, equilibrate, and harmonize all payments received within a timeframe of 12–24 hours upon receipt. We optimize your payment procedures to enable faster and more effective transactions by utilizing cutting-edge technologies. Our daily reconciliation method guarantees a seamless month-end close and precise accounting by accurately matching all incoming payments to real deposits.

We meticulously scrutinize every payment to guarantee precision, and we adeptly manage any potential complications. This allows you to focus on your core competency of providing exceptional medical care to your patients while we handle the financial aspects of your practice.

Improve precision and efficiency in gathering data

We handle a wide range of transactions, including the following:

Electronic Posting: This service entails obtaining payment details from insurance companies or other payers, such as the explanation of benefits and remittance advice, and entering the payments into the client's practice management system. This enables simple financial reconciliation and facilitates the monitoring of insurance payments. The use of ERA posting reduces the need to manually post payments, resulting in time savings and a reduction in mistakes.

We have the option to get your ERAs directly from clearing houses, or you may choose to scan your paper EOBs and send them to our private FTP.
Denials of capture include inadequate and insufficient compensation.
Initiating a supplementary claim
Generate patient invoices.

Manual Posting: When insurance carriers do not provide electronic remittance advice, we enter the funds into your billing or accounting system by hand. We manage and publish payments received through cash, checks, or other manual methods. Our experts diligently document all payments in accordance with the client's business regulations, minimizing invoicing inaccuracies and guaranteeing prompt handover.
Denial Posting: We systematically record and monitor all instances of insurance claim rejections to provide a comprehensive analysis that enhances your understanding of the accounts receivable cycle. We record all instances of claim rejections in your practice management software and do a thorough analysis to identify the underlying reason. This allows you to rectify the issue and resubmit the rejected claim with the appropriate ANSI denial codes and payer-specific instructions.
Document and monitor patient payments in your billing system, including co-pays, deductibles, outstanding balances, and other personal charges to ensure an accurate representation of the patient account balance. This procedure is crucial for preventing excessive accounts receivable days and ensuring the accuracy of patient information.
Aside from offering cash and payment posting services, we also provide a range of additional revenue cycle management services that may assist you in optimizing your practice and maximizing your income. The following items are included:

Submission and tracking of claims
Denial management
Verification of eligibility
Medical invoicing involves retrieving payments from patients.
Additionally, there are several other things available.

Our objective is to assist you in attaining financial prosperity while also allowing you to dedicate your time and attention to caring for your patients. Our dedication to providing the highest quality of service is evident in our meticulousness, precision, and promptness.

Our efficient and reliable process

The Cash/Payment Posting process entails recording and monitoring all payments received, including cash, checks, electronic payments, and credit card transactions for services provided. The process comprises the following stages:

The first stage of the cash posting procedure involves the collection of payments from patients, insurance companies, or other payers. These payments might be in the form of cash, checks, electronic payments, credit card transactions, or remittance instructions from the payer.
Verification:To authenticate the received payment, we confirm its correspondence with the outstanding balance and authenticity. This may include assessing the patient's insurance coverage, validating the payment amount with the payer, or verifying the payment with the bank.

In its accounting system, the practice records the authenticated payment. This entails recording the money in the relevant account, then allocating it to the appropriate patient and operation.
Adjustment posting: In certain cases, the payment received may not match the outstanding amount, requiring changes to be made to the payment. This may include recording a write-off for a fraction of the payment, recording a credit or refund, or recording an adjustment to rectify a mistake.
Reconciliation is the last stage in the cash posting process. It entails comparing the recorded payments with the practice's bank statements to ensure their consistency.

The following factors influence physicians and billing offices' decisions to partner with us:

Pricing structures are both cost-effective and adaptable.
ERAs now include payment processing.
Our services are of superior quality and provide a 99% level of accuracy.
We provide instantaneous performance reports and analytics to improve augmented reality (AR) efficiency.
Periodic quality inspections.
Establish unambiguous procedures and protocols based on your company's principles.
We consistently oversee productivity and process efficiency to ensure optimum performance.
Continuous assistance guarantees a response time of 12 to 24 hours.
I have extensive knowledge and proficiency in most of the billing, EHR, and practice management software used.
I possess a comprehensive comprehension of criteria that are relevant to certain specialties and payers.
Regular training sessions and re-certification courses ensure that we remain informed about the most recent developments and trends.