Accurate Posting & Analytical Decision Making
In effective medical billing, coding and clinical documentation are often highlighted as essential components. However, the role of payment posting services is sometimes underestimated, viewed merely as a routine task of recording payments. In reality, a skilled payment processing team serves as a critical tool for gaining valuable insights into the performance of a healthcare organization’s revenue cycle. It provides a gateway to understanding revenue patterns and enables comprehensive analytics for informed decision-making.
At HealthIQ Solutions, our team of remittance processing professionals goes beyond traditional payment processing. We offer deep insights into key areas affecting revenue cycles, identifying trends and reasons for denials, prior authorizations, and non-covered services. We also evaluate the quality of clinical documentation and coding processes for a more complete understanding of revenue cycle dynamics. Additionally, we assess the effectiveness of front-end patient collections, providing a holistic view of revenue streams.
Payment posting is not just data entry; it is a critical measure of your revenue cycle’s health. Entrusting this task to a highly efficient team is crucial. HealthIQ Solutions recognizes the importance of Payment Posting Services in evaluating revenue cycle health and is dedicated to managing this process with precision. By emphasizing the value of Payment Posting Services, our team ensures meticulous attention to this vital aspect of revenue cycle management. We go beyond routine transactions, offering comprehensive insights that help healthcare organizations optimize revenue streams and sustain financial health.
Payment Posting Capabilities Include:
- Multispecialty Billing & Collections
- Proficiency in RCM Platforms
- Swift Turnaround Time
- Time-Tested Best Practices
Service Highlights:
- ERA/EOB posting with balance transfers
- Posting of patient payments via cash, credit card, etc.
- Timely filing of claims with secondary payers
- Denial posting, including rebilling, write-offs, and follow-ups
- Development of write-off and adjustment policies
- Payment analysis and report generation
Benefits:
- Over 97% accuracy from our delivery team
- Responsive team available 24/7
- Guaranteed 24-48 hour turnaround time
- Continuous revenue cycle review for improvements
- Comprehensive denial processing and payer follow-up
- Dashboard reporting with Process Health Indicators