Payment Posting Services in Medical Billing to Outsource

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Payment Posting with Precision

Payment Posting and Reconciliation Made Simple

Payment Posting and Reconciliation are critical components of revenue cycle management, ensuring financial accuracy and operational efficiency. At AnnexMed, our Payment Posting and Reconciliation services are designed to deliver precision in financial management by meticulously handling Electronic Remittance Advice (ERAs) and Explanation of Benefits (EOBs). Our approach ensures that every transaction is accurately recorded and seamlessly integrated into your revenue cycle, providing transparency and consistency in financial records.

Our Payment Posting services leverage deep industry expertise to ensure that ERAs are accurately processed and posted to patient accounts. We excel in managing complex payer scenarios, ensuring that payment data is correctly applied to the appropriate accounts, reducing the likelihood of discrepancies. This process ensures that financial records remain up-to-date, supporting the smooth flow of revenue and maintaining operational stability.

Our Reconciliation process is built to address and resolve discrepancies with precision. By utilizing advanced matching techniques, we focus on minimizing financial variances and ensuring that every payment is reconciled accurately. We also uphold rigorous compliance and audit standards, ensuring the highest level of financial integrity. AnnexMed’s reconciliation process is adaptable, able to accommodate evolving payer requirements and financial landscapes, ensuring long-term accuracy and efficiency in financial management.

Service Highlights

Accurate ERA Processing
Comprehensive EOB Reconciliation
Advanced Discrepancy Resolution
Real-Time Financial Reporting
Scalable Integration

Benefits

Superior Accuracy
Enhanced Cash Flow
Operational Excellence
Robust Financial Oversight

Achieve Measurable, Proven Results

Costs Reduced

upto

45%

Reduced operational costs

DNFB Reduced

upto

32%

Reduction in DNFB accounts

Improve Productivity

upto

72%

Productivity improvement

Reduction in AR

upto

36%

Reduction in aged A/R

Improved Collections

upto

98%

Achieve net collections

Reduce Denials

upto

72%

Decrease in denial rate

It’s Time Your Billing Matched Your Clinical Precision

Speak with our team and see what streamlined billing process looks like.

FAQs in Payment Posting Services

What is payment posting in the healthcare revenue cycle?

Payment posting is the process of recording payer and patient payments into the billing system after claims are processed. It ensures accurate posting of remittance amounts, adjustments, and contractual allowances for all services rendered.

Why is payment posting and reconciliation important?

Accurate payment posting and reconciliation ensure correct financial records, reduce write‑offs, identify underpayments or missed payments, improve cash flow, and maintain clean accounting for revenue cycle performance.

How does payment posting impact claims follow‑up?

Accurate posting ensures that denials, underpayments, or rejections are promptly identified and addressed. Without accurate posting, claims follow‑up cannot prioritize unresolved issues effectively.

How do payment posting and reconciliation help with underpayment recovery?

Accurate reconciliation highlights payment variances and contract mismatches, enabling teams to pursue underpayment appeals, correct billing errors, and recover the revenue that might otherwise be lost.

What is the difference between payment posting and accounts receivable reconciliation?

Payment posting is the recording of payments into the system, while accounts receivable reconciliation is the broader verification that all expected payments (from payers/patients) match posted amounts and accounts are balanced.

Ready to Get Started?

Whether you need full-scale support or help with just one part of the revenue cycle, AnnexMed offers modular services tailored to your most pressing needs.

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