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Payment Posting at Jcare Billing Solutions

Payment posting in medical billing is the process of recording the payments received from insurance companies and patients into a healthcare provider's billing system. This is a crucial step in the revenue cycle management of healthcare practices.

Key Aspects of Payment Posting:

  1. Verification of Payments: Payments received are checked against the claims that were submitted. This ensures that the correct amount has been paid for each service rendered.

  2. Updating Patient Accounts: The payments are then posted to the appropriate patient accounts. This reflects the payment received from the insurance company or the patient, and any remaining balance that might need to be paid by the patient.

  3. Denial Management: If a payment is less than expected or denied, it is identified during the payment posting process. This allows the billing team to follow up with the insurance company for corrections, resubmission, or appeals.

  4. Adjustments: Adjustments may be made to the original charges based on contracts with insurance companies, discounts, or write-offs. These adjustments are also recorded during the payment posting process.

  5. Reporting: Payment posting helps in generating reports that reflect the financial health of the practice, such as accounts receivable, revenue summaries, and more.

Patient Payment

Processing of Payment made by Patients via cash/check/credit cards for Co-pay, deductible,  or for non-covered services.

Insurance ERAs

Batch processing of electronic remittance advisory (ERA), and correction of any exceptions and transfer of balance to secondary insurers.

EOB Processing - Manual

Processing of payment made by Insurance companies without ERA, and transfer of balance to seconday insurers

Denial Posting

Posting of denials and re-billing to secondary insurance company, transfer the balance to patient, write-off the amount, or send the claim for reprocessing.

Benefits of our Payment Posting Services.