When manually posting payments, it provides a snapshot of a practice's financial picture, making it easier to identify issues and solve problems.
Payment posting is the first line of defense to identifying any payer problems. Issues such as denials for medical necessities, non-covered services and prior authorizations will be revealed and allows team members to resolve them.
Here at MediFin Solutions, any and all posted payments are balanced against bank deposits slips to ensure payments received are reconciled on a day-to-day basis. We have experienced and well-versed billing professionals that are knowledgeable of different kinds of EOBs (Explanation of Benefits) across all payers posting payments. We pride ourselves in finding the most cost saving but effective methods to post payments.
Our staff audits the automatic postings to ensure payments are entered correctly to minimize any software error that may have occurred, such as negative balances, underpaid payments, and take backs.
If you are ready to learn more on how we can assist you with your payment posting, Contact Us.