AnnexMed - Medical billing and Revenue cycle management companyAnnexMed - Medical billing and Revenue cycle management companyAnnexMed - Medical billing and Revenue cycle management company
1-866-780-0669
9am - 8pm (EST)
New Jersey, USA

Payment Posting

Improve processing accuracy and collections effectiveness
using AnnexMed’ s Payment Posting Services
WE GIVE THE BEST SERVICES

Accurate Posting & Analytical Decision Making

Many administrators consider coding and clinical documentation to be the key anchors of effective medical billing and payment posting to be simply the process of posting payments. A good payment processing team, on the other hand, provides clear insights into the overall performance of your revenue cycle process, allowing you to understand revenue patterns and perform analytics.

AnnexMed’s remittance processing professionals do more than just payment processing. They provide the trends and reasons for denials, prior authorization, non-covered services, quality of your clinical documentation and coding processes, and effectiveness of your front-end patient collections. The payment posting process provides clarity to the condition of your revenue cycle, and thus you must hire a highly efficient workforce to handle payments.

Payment Posting capabilities include:

Multispecialty Billing
& Collections

Well versed
RCM Platforms

Swift Turnaround
Time

Time-tested
Best practices

Service Highlights
  • ERA/EOB posting with balance transfers
  • Patient’s payments posted via cash/cc, etc
  • Timely filing of claims with secondary payers
  • Denials posted – rebilling, write-off, F/up, etc
  • Develop write-off and adjustment policies
  • Payment analysis and generate reports
Benefits
  • Over 97% accuracy by our delivery team
  • Responsive team working round the clock
  • Guarantee 24-48 hrs. turnaround time
  • We review revenue cycle for improvements
  • Denial Processing and follow-up with payers
  • Dashboard reporting–Process Health Indicators

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
A/R Reduced

upto

36%

Reduction in aged A/R
Increase Collections

upto

98%

Achieve net collections
Reduce Denials

upto

72%

Decrease in denial rate

17 +
Years of Experience
40 +
Specialties Served
value customers users viewer
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.