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.

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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.
Which is why payment posting is the first line of defence while avoiding such problems.
It helps in identifying any issues in their infancy stage so that they can be acted upon
promptly. Issues such as services which are not covered, medical necessity denials and
prior authorisation are unearthed even before they escalate. This leads to a smooth
functioning of the process and less friction while processing any claims.

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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.

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4. The ways Payment Postings makes your
Revenue Cycle Efficient
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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.

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 Keeping track of your accounts receivables on a monthly basis provides suppliers
with the data they need to identify customers who are at risk of losing revenue and
adding to bad debt. Providers can evaluate ARs over time to spot potentially
dangerous trends, and identify any remaining reimbursements that are relatively
simple to resolve.
 Providers should examine their AR data to identify how old their borrowers are and
what their collection rates are. These two measures give you an overview of your
provider’s AR cycles and whether they’re on the correct track. The number of ARs in
each age group is revealed via aged debtor reports. The success of providers in
turning ARs to payments in a fiscal period is measured by collection rates.

6. About Us
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Though there are several common benefits offered by offshore medical
billing companies, but choosing the right medical billing partner plays a
vital role. Info Hub is one of the leading offshore medical billing companies
in Coimbatore, India, with sophisticated infrastructure and skilled
manpower that is highly experienced in multiple aspects of medical billing
and coding, to support healthcare practices grow heights and develop
consistency in generating revenue.
If you are looking to outsource your medical billing and coding services to a
reliable outsourcing partner, Info Hub is your ideal choice. With more than a
decade experience in providing excellent medical billing and coding
services, Info Hub has earned high client value by building trust with its top-
notch services. For a quick appointment, make a call to +1-888-694-8634 /
+91-0422-4212455.

7. Contact Us
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Info Hub,
Sf No 558/2, Udayampalyam Rd, Nava
India,
Coimbatore,
Tamil Nadu 641028
Call Us: +91 829-745-6441
Email Us At: inquiry@infohubservices.com