1. Payment Posting – Key to revenue cycle
management
Presented By
Medical Billers and Coders

2. Payment posting is one of the most important steps that can assist in improving
a physician’s revenue if done efficiently. Although payment posting is becoming
electronic and automated there is still the need for checking for accuracy and
errors in the posting. There are numerous ways in which physicians can benefit
from accurate and efficient payment posting and its analysis.
 Explanation of Benefits (EOB): The ability to carefully read and comprehend the EOB
is one of the crucial aspects of medical payment posting. Avoiding errors in EOB or
correcting the errors made by an insurance payer can lead to avoidance of long term
financial loss. Studying and minutely examining the EOB for correct information such as
the claim number, provider, type of service, the not covered amount, and insured ID
number can drastically reduce mistakes and ensure that you are properly remunerated.
 Electronic Remittance Advice (ERA): ERA is provided by most insurance providers
and is an electronic form of EOB or explanation of benefits. This helps in increasing
your productivity and streamlining your workflow and can be integrated to your PMS.
However, facts about underpayments, denials, multiple adjustments, cross-overs,
reversals, and secondary remittance have to be analyzed in order to ensure correct
reimbursement in a timely manner.
Get Help Right Now: 888
357 3226 (Toll Free)
www.medicalbillersandcoders.com

3.  Insurance Follow up: Correct payment
posting also supports insurance follow up
which ensures optimal revenues for
physicians. Insurance companies can deny
claims based on any type of error and it is
important for billers and coders to keep in
touch with such providers in order to
ensure that the issue is being addressed.
Therefore accurate payment posting can
eliminate such delay in denied claims by
avoiding errors. Payment posting sets the
stage for effective Account Receivables
follow up.
Get Help Right Now: 888
357 3226 (Toll Free)
www.medicalbillersandcoders.com

4. 
Reduce costs and tool to measure efficiency: The cost of billing can be reduced along
with an increase in revenue due to better payment posting processes. The reduction in
cost is also due to the time saved by electronically done payment posting which is verified
by experienced billers and coders. Moreover Payment Posting is a key tool to measure
the efficiency of Medical Billers and Coders as it stands testimony to clean claims and
error free billing.

Quantitative advantages: The recent health reform is going to ensure more doctorpatient encounters and the sheer volume of EOB and the amount of posting would
become staggering. This is where attention to detail while reading EOBs and familiarity
and experience in advanced electronic remittance scenarios is important. Balancing
receivables by accurate and timely Payment Posting, makes performance reports more
clear and concise to draw financial decisions.
EOB or ERA, the human intervention in the analysis is inevitable; the best computing system
can not drive efficiency in collection all by themselves. Expert medical billers are required to
scrutinize
those
customized
reports.
Medical
Billing
specialists
at
medicalbillersandcoders.com are experienced in such scenarios and keep updated about
payment posting processes and also all other adjustment clauses in the reimbursement
policy.
Get Help Right Now: 888
357 3226 (Toll Free)
www.medicalbillersandcoders.com

5. About Medical Billers and Coders
Medical Billers and Coders is the largest consortium of Medical Billers and
Coders in the united States. Our aim is to help the physician community to
reach the right expertise at the right location at the right time.
Thank You!
We support your Medical Billing Needs in All 50 states
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888 357 3226 Toll Free