All You Want to Know about Payment Posting Services

1. All You Want to Know about Payment Posting Services Payment posting, in simple words, stands for logging of payments into the medical billing software. It also stands for viewing the financial status of the medical facility by making day to day payments visible. Payment posting is considered vital for any medical facility’s revenue as it provides insight into the daily revenue stream. Such data can then be used to detect any potentially occurring issues and to curb them well in advance. The medical billing process is a complicated one. There are several steps involved and the staff who is in charge needs to be experienced and must possess thorough knowledge about the process. In case if there any mistake or any information is missing, the claim might be denied or delayed. This has a severe impact on the revenue cycle and financials of the medical facility. inquiry@infohubconsultancy.comhttps://infohubconsultancy.com/ Call us +1 (888) 694-8634

2. There are two types of Payment Postings: Automated Posting: This process is favoured by many medical facilities primarily because it quickens the medical billing process. This is a software driven approach which ensures lesser human made errors contributing to a healthy revenue cycle. Since this a digital based solution, many medical facilities are inclined towards it, owing to its error free delivery. Manual Posting: As the name suggests, manual postings are done manually. The person who is in charge must post the entries and this is a time consuming process. This process is also at a risk of higher number of errors since the postings are done manually. In case if any error occurs one can expect delays in payment postings. inquiry@infohubconsultancy.comhttps://infohubconsultancy.com/ Call us +1 (888) 694-8634

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4. Identifies the Denials: Verifying the patient’s eligibility and benefits will help the revenue cycle significantly as this leads to identification of any denials and helps avoid them. Patient Responsibility: It helps identify and move balances to patient responsibility. EOD and ERA Posting: Payment postings ensure that data from EOC and ERA match the payments. Simple Analysis of Revenue Cycle: Analysing the revenue cycle helps in the enhancement of financial health. Identification of Recurring Issues: With the help of accurate payment postings recurring issues in the revenue cycle which leads to claim denials or delays can be studied and avoided. It helps to identify any specific problem plaguing the revenue and makes it easier to eliminate it. Resolution Time Is Minimised: Payment postings helps in implementing a denial tracking service. Such process helps in minimising the claim rejection and quickly resolves the issue. The ways Payment Postings makes your Revenue Cycle Efficient inquiry@infohubconsultancy.comhttps://infohubconsultancy.com/ Call us +1 (888) 694-8634

5. We at Info Hub Consultancy Services (ICS), a leading medical billing company in India offer medical billing solutions to healthcare organizations, physicians, medical institutions, and groups. Our revenue management cycle helps in reducing operational expenses and increasing the overall revenue. Info Hub Consultancy Services (ICS) was founded in 2010 and is now one of the leading service providers of highly motivated, certified coders, and billers in the US medical billing industry. About Us inquiry@infohubconsultancy.comhttps://infohubconsultancy.com/ Call us +1 (888) 694-8634

6. Info Hub Consultancy (ICS) Services Pvt. Ltd. Sf No 558/2, Udayampalyam Rd, Nava India, Coimbatore, Tamil Nadu 641028 Tel:+1 (888) 694-8634 / +91 829-745-6441 Email - inquiry@infohubconsultancy.com Contact Us inquiry@infohubconsultancy.comhttps://infohubconsultancy.com/ Call us +1 (888) 694-8634