MedSole RCM records payments with speed and accuracy across all payer types. We apply remittances, identify short-pays, and post adjustments as needed. You receive updated financials and accurate patient balances.
The payment posting in medical billing refers to the accurate documentation of payment received from insurance panels and patients. This process helps healthcare providers check discrepancies, optimize cash flow and track revenue. A proper, well organized payment posting system helps to improve financial health of medical practices. This process ensures timely follow-up on denials or underpayment. The payment posting refers to matching incoming payments with corresponding patient accounts and updating their financial records to reflect the received amount, including any adjustments or denials based on the payer's explanation of benefits (EOB) or electronic remittance advice (ERA).
Transforming claims into cash
The payment posting process is complex but prioritizing automation and technology the cash flow can be increased. Our goal is to assist our clients by providing exceptional services. Let’s work with MedSole RCM and elevate your practice’s efficiency.
