BillMD Payment posting
Payment posting is a crucial step in the billing process, and due to its sensitivity, an accurate and efficient payment posting process is indispensable for physicians' offices. Our Billers are known for their high efficiency and analytical skills in payment posting.
Our Billers understand that reading Explanation of Benefits (EOBs) requires skill and familiarity with the nuances of payer communication when handling payment posting accounts. They:
- Enter the allowed amount,
- Enter the paid amount and patient responsibility information,
- Calculate contractual adjustments.
This meticulous process also facilitates easier insurance follow-up.
Payment posting is evolving with the use of Electronic Remittance Advice (ERAs) from payers. Our Billers support ERA posting by verifying the posted payments. They specialize in handling advanced electronic remittance scenarios, including denials, underpayments, over-payments, multiple adjustments, automatic cross-over, secondary remittance, and reversals.
Before closing the payment posting, our Billers ensure that patient payments accepted in the front office match encounters entered in the back office.
The stepwise assessment of medical billing makes our Billers specialists for your practice.
