Presentation Transcript

1. 8

   Posting Insurance Payments and Creating Patient Statements
2. 8-2 Learning Outcomes When you finish this chapter, you will be able to: 8.1 Describe how an adjustment is calculated if the payer pays less than the provider’s usual fee. 8.2 List the five steps for processing a remittance advice. 8.3 Demonstrate how to enter insurance payments. 8.4 Demonstrate how to apply insurance payments to charges. 8.5 Demonstrate how to enter capitation payments. 8.6 Demonstrate how to create patient statements.
3. 8-3 Learning Outcomes (Continued) When you finish this chapter, you will be able to: 8.7 Explain how statements are edited. 8.8 Demonstrate how to print patient statements.
4. 8-4 Key Terms capitation payments cycle billing electronic remittance advice (ERA) fee schedule once-a-month billing patient statement payment schedule remainder statements standard statements
5. 8-5 8.1 Third-Party Reimbursement Overview A fee schedule is a document that specifies the amount the provider bills for provided services List of the provider’s standard fees Not necessarily the amount a provider is paid Difference between amount in fee schedule and amount paid is an adjustment A payment schedule is a document that specifies the amount the payer agrees to pay the provider for a service, based on a contracted rate of reimbursement
6. 8-6 8.2 Remittance Advice (RA) Processing An electronic remittance advice (ERA) is an electronic document that lists patients, dates of service, charges, and the amount paid or denied by the insurance carrier ERA – uses the ASC X12 835 Remittance Advice Transaction (or 835) RA – Paper format
7. 8-7 8.2 Remittance Advice (RA) Processing(Continued) Steps for processing Verify all procedures listed on the claim are represented on the RA Review payment amount against expected amount Identify reasons for denials or payment reductions; resubmit claim or appeal if necessary Post payment information in the PMP Bill patient’s secondary health care plan (if appropriate)
8. 8-8 8.3 Entering Insurance Payments Payment information is entered in Medisoft through the Enter Deposits/Payments option on the Activities menu Deposits are created within the Deposit List dialog box
9. 8-9 8.3 Entering Insurance Payments(Continued) The Deposit List dialog box lists deposits for a specific date, or all deposits can be viewed There are several other sorting features as well
10. 8-10 8.3 Entering Insurance Payments(Continued) The Deposit List dialog box includes a column where the Payor Type can be identified Capitation payments are made to physicians on a regular basis (such as monthly) for providing services to patients in a managed care insurance plan Flat fee is paid to the physician no matter how many times a patient receives treatment
11. 8-11 8.3 Entering Insurance Payments(Continued) To enter a deposit, click the New button in the Deposit List dialog box and the Deposit dialog box appears Deposit dialog box
12. 8-12 8.3 Entering Insurance Payments(Continued) The type of payor—patient, insurance, or capitation—is selected from the Payor Type drop-down list Payor Type
13. 8-13 8.3 Entering Insurance Payments(Continued) Other information entered about the deposit includes: Deposit date Payment method Check number Description/Bank No. Payment amount Deposit code Insurance Codes for payments, adjustments, withholds, deductibles, and take backs
14. 8-14 8.3 Entering Insurance Payments(Continued) Once a payment is entered, it appears in the Deposit List window Exercise 8-1 page 258
15. 8-15 8.4 Applying Insurance Paymentsto Charges Once a deposit is entered, the next step is to apply the payment to patient accounts Highlight the payment in the Deposit List and click the Apply button, opening the Apply Payment/Adjustments to Charges dialog box Apply Payments/ Adjustments to Charges dialog box
16. 8-16 8.4 Applying Insurance Paymentsto Charges (Continued) Next, the patient who has a transaction listed on the RA is selected from the drop-down list in the For box The upper-right area of the dialog box lists the amount of the deposit that has not yet been applied
17. 8-17 8.4 Applying Insurance Paymentsto Charges (Continued) The middle section of the Apply Payments to Charges window is where payments are entered and applied
18. 8-18 8.4 Applying Insurance Paymentsto Charges (Continued) The lower third of the Apply Payment/Adjustments to Charges window contains several options that affect claims and statements Exercise 8-2 page 26 Exercise 8-3 page 267 Exercise 8-4 page 268
19. 8-19 8.5 Entering Capitation Payments Capitation payments are entered in the Deposit List dialog box Capitation is selected from the Payor Type drop-down list in the Deposit window Deposit dialog box for a capitation payment
20. 8-20 8.5 Entering Capitation Payments(Continued) Capitation payments are entered but not applied The charges in each patient’s account must be adjusted to a zero balance to indicate that the obligation has been met by the insurance company and patient
21. 8-21 8.5 Entering Capitation Payments(Continued) A second deposit is entered with a zero amount to adjust the account Deposit dialog box with a zero payment amount
22. 8-22 8.5 Entering Capitation Payments(Continued) When zero amount is saved, the deposit appears in the Deposit List window Payment column lists “EOB Only,” since no payment is associated with zero amount deposit Exercise 8-5 page 274 Exercise 8-6 page 275 Exercise 8-7 page 275
23. 8-23 8.6 Creating Statements Patient statements are a list of the amount of money a patient owes, organized by the amount of time the money has been owed, the procedures performed, and the dates the procedures were performed Created after an insurance claim has been filed and RA has been received
24. 8-24 8.6 Creating Statements (Continued) Statements are created in the Statement Management area of Medisoft Statement Management dialog box
25. 8-25 8.6 Creating Statements (Continued) When the Create Statements button is clicked, the Create Statements dialog box opens
26. 8-26 8.6 Creating Statements (Continued) The Create Statements dialog box contains several filters, including: Transaction Dates Chart Numbers Billing Codes Case Indicator Location Provider Amount Statement Type
27. 8-27 8.6 Creating Statements (Continued) Standard statements show all charges regardless of whether the insurance has paid on the transactions Remainder statements list only those charges that are not paid in full after all insurance carrier payments have been received
28. 8-28 8.6 Creating Statements (Continued) Once statements have been created, they are listed in the Statement Dialog box with a status of Ready To Send Exercise 8-8 page 281 Ready To Send status
29. 8-29 8.7 Editing Statements If changes are necessary, highlight the statement in the Statement Management dialog box and click the Edit button Edit button
30. 8-30 8.7 Editing Statements (Continued) The Statement dialog box has three tabs that contain important information that can be edited: General Tab Transactions Tab Comment Tab Exercise 8-9 page 285 Three tabs of the Statement diaolg box
31. 8-31 8.8 Printing Statements The Print/Send button in the Statement Management dialog box is used to print statements that are then sent out to patients and guarantors Print/Send button
32. 8-32 8.8 Printing Statements (Continued) When the Print/Send button is clicked, a statement method (paper or electronic) is chosen from the Print/Send Statements dialog box
33. 8-33 8.8 Printing Statements (Continued) Next, the type of statement is chosen from the list provided in the Open Report dialog box
34. 8-34 8.8 Printing Statements (Continued) When the Print/Send button is clicked, paper statements are printed and mailed by the office
35. 8-35 8.8 Printing Statements (Continued) Practices uses different methods to send statements to patients In once-a-month billing, statements are mailed to all patients at the same time each month In cycle billing, patients are divided into groups and statement printing/mailing is staggered throughout the month Exercise 8-10 page 289