A payment posting process which is done in the proper way often helps in recognizing the opportunities that enhance revenue by watching for daily trends within your practice. Since the payment posting has good prospective to increase profits as well as even out the complete medical billing process, it is essential to get an accurate process in place.
We at, DataPlusValue, are involved in providing Payment Posting In Medical Billing which is considered as the chief processes. The payments in lieu of entitlements that are acknowledged from the payer and patients are provided in the medical billing system of the client in order to resolve the claim. We are also involved in doing electronic payment posting in the medical billing software that handles all the concessions physically in order to assure that no payment has been neglected.
All payers send an explanation of benefits or electronic remittance advice to the payment of a claim. The medical billing staffs posts all these payments directly into the individual patient accounts beside that specific claim to resolve them.
There are can be a number of reasons why the patient requires paying a part of the expenses comprising co-pays, deductible as well as non-covered services. The provider has the ability to set a mandate for taking write-offs, in case the amount due for the patients is very nominal. In case the amount is huge then it requires being collected from the patients prior to or after offering the services.
DataPlusValue is considered as the recognized Payment Posting Service company that takes care of all your patient eligibility verification as well as authorization requirements. Please contact us for more details.