Payment posting is a crucial aspect of revenue cycle management for healthcare organizations, involving the recording and reconciling of financial transactions. It can be conducted manually or through automated systems, with the latter being preferred for efficiency and accuracy. Proper payment posting enhances claim submission accuracy, tracks denials, and can identify revenue cycle issues, ultimately improving financial performance.

2. UNDERSTANDING PAYMENT POSTING
SERVICES
Payment posting is essential to any solo practitioner’s or healthcare organization’s
revenue cycle management. It entails posting and deposit functions and reconciling
posting activities and deposits. The payment posting process impacts many other
aspects of the healthcare organization, including efficiency, patient satisfaction, and
overall financial performance. Payment posting also offers insight into a practice’s
daily revenue stream and enables practices to identify and correct potential issues
quickly. It is essential for your practice to be apt to see daily insurance payments
from EOBs, patient payments, insurance checks from ERAs, and other information.
In addition, having an efficient ERA/EOB payment posting system provides a clear
picture of your day-to-day financial situation. Let’s have a deep understanding of
payment posting services:
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3. TYPES OF PAYMENT POSTING
• Manual Posting:
Manual posting is a payment posting completed by administrative staff and typically
takes longer to fill out the information. This posting increases the likelihood of various
errors, such as typos and delaying payment posting.
• Auto Payment Posting:
Auto payment posting is a software-driven approach that most industries choose as their
digital solution to speed up the medical billing process and ensure a consistent revenue
stream. However, few solo physicians believe that manual payment posting gives them
less control over their revenue-generating system.
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4. IMPORTANCE OF PAYMENT POSTING
Medical payment posting, as a critical step in the medical billing process and an
essential component of revenue cycle management, provides the following benefits
when done correctly:
• Keeping track of denials and reducing resolution time
• Improved Claim Submission Accuracy to Secondary Payers
• Recurrent problems are resolved
• Improves the Active Process
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5. Payment posting can be done either in-house or through outsource payment posting
services. Here are some tips for ensuring accurate payment posting:
• Always double-check that the data from EOBs and ERAs corresponds to the
payments.
• When collecting deductibles or co-payments during insurance remittance processing,
look for problems or revenue cycle leaks.
• To avoid errors, notify management of denials for medical necessities, non-covered
services, and prior authorization.
• Always follow up on denials promptly.
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How to ensure an accurate payment posting?

6. 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering
services to more than 43 specialties across the entire 50 states. You can rely on us for
end-to-end revenue cycle management. We guarantee up to 10-20% increase in the
revenue with cost reduction of your practice for up to 50%.
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About 24/7 Medical Billing Services

7. CALL US TODAY :
Media Contact –
24/7 Medical Billing Services,
28405 Osborn Road,
Cleveland, OH, 44140
Tel: + 1 -888-502-0537
Email: info@247medicalbillingservices.com
Website: https://www.247medicalbillingservices.com/
https://www.247medicalbillingservices.com info@247medicalbillingservices.com