Payment posting is one of the widely used exercises under medical billing process. The system of payment posting includes logging of the payments into medical billing software or in any other format for entering details into a database system for recording purposes which helps medical institutions to have a fair picture of their accounts and outstanding payments from multiple sources like patients, insurance companies and vendors providing medical equipments and other related payments or discharge of payments by associations.
Payment posting is one of the crucial tasks for hospitals and clinics due to footfall of hundreds of patients in a single day that it gets difficult to maintain the lifecycle of patients’ stay for the treatment inside such hospital in order to manage the revenue cycles. As the payment processing is one of the crucial tasks in a hospital, lack of specialised knowledge and experience can make this exercise cumbersome for its staff leading to delays in processing charges with a high probability of making errors which can disrupt the entire financial system of such medical institution. For the best results with quick turnaround, outsourcing payment posting work is the best solution where your outsourcing partner will take care of your daily in and out payment posting onto an online database system or medical billing software, as the case may be.
SkyWeb Service has been an outsourcing partner to multiple medical institutions since a decade now and providing payment posting services at most affordable rates helping its clients to save time, resources and cost to a great extent. Our payment posting services covers technicalities like reconciliation of payments data i.e. number of payment invoices generated with the number of payments posted in the database system, reconciling electronic remittance advice (ERAs) with explanation of benefits (EOBs) for claims payments and updating the system accordingly, keeping a tab on the amounts receivables and balance amount payables to the patients along with updating the payments processed by insurance companies along with creating a list of outstanding claims which are yet to be processed by such insurance companies. Along with this, our dedicated team also helps to provide an analysis to medical institutions on the denial of payments, nature of denial and frequency of denial of such payments.
Our team holds desired knowledge and experience to work on medical billing software and aims to work with utmost accuracy to provide efficient deliverables on a timely basis. We also help in the life cycle management of a patient including but not limited to calculating amount payable after claiming insurance and maintaining payment details for future references in case of re-admission of such patient and calculation of outstanding amount available to claim through insurance companies. Check out Payment posting services.
SkyWeb Service also provide 24*7 customer service support to handle any grievances or queries to resolve them at the earliest. Our team is well versed to provide tailored services to each client as per their requirements and choice with no compromise on the quality of the work product by conducting multiple quality and assurance checks at each level of payment posting. Outsource you payment posting and other medical billing related work and get excellent results on a routinely basis at best prices within the industry.