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Payment Posting & Reconciliation

Ensure Timely Payment Posting and Accurate Reconciliation to Improve Financial Health
  • Extended Business Office
Patient Access Services
Medical Coding Services
Dental RCM Solutions
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

17 +
Years of Experience
40 +
Specialties Served
99.1 %
Client Retention

Ready to talk?

Learn how we transform the revenue cycle with solutions that streamline the patient experience and improve financial performance.

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