Maximize Your Revenue With Reliable

Payment Posting Services

Experience seamless revenue management with MedixRCMSolutions’ efficient ERA (Electronic Remittance Advice) and EOBs (Explanation of Benefits) posting services. Our expert team ensures precision in payment posting, eliminating errors and accelerating the revenue cycle. With cutting-edge technology and industry know-how, we streamline the process, enabling you to navigate the complexities of payment reconciliation effortlessly. MedixRCMSolutions guarantees accuracy in posting ERAs and EOBs, reducing the risk of discrepancies and enhancing overall financial efficiency.

Benefits of MedixRCMSolutions’ Payment Posting Services

Managing revenue in healthcare billing is a complex process that requires accurate payment posting. By predicting reimbursement trends and financial status, providers can resolve denials quickly and efficiently. To achieve this, healthcare organizations need an effective payment posting service.

At MedixRCMSolutions, we have over 10 years of experience providing dependable and affordable payment posting services to healthcare providers of all sizes. Our well-defined posting process guarantees a fast turnaround time. Our clients, from large hospitals to small practices, trust us to accurately post insurance payment data, checks, and patient payments. We follow the industry’s best practices and information security protocols to ensure our services meet your business requirements.

Why might an insurance claim be denied due to pre-authorization?

Certain insurance plans may require pre-authorization or referrals for specific procedures or specialist visits. Fulfill these requirements or document them correctly to avoid denied claims.

When a patient has multiple insurance policies, it’s important to coordinate benefits properly. You can avoid having claims denied by correctly blending the benefits between the primary and secondary insurance plans.

The claim may be denied if a patient’s insurance coverage has expired or is not qualified for the service billed.

Yes, errors in the billing process, such as inaccurate patient or provider details, mismatched codes, or typos, can result in denials.

Expert ERA & EFT Enrollment Services

Optimize your healthcare revenue cycle with MedixRCMSolutions’ expert ERA & EFT enrollment services. As a trusted payment posting solution provider, we streamline the integration of Electronic Remittance Advice (ERA) and Electronic Funds Transfer (EFT) into your financial system, eliminating manual errors and accelerating revenue flow. Our tailored solutions cater to the unique needs of your practice, ensuring compliance with industry standards and regulations. With a focus on robust security measures, seamless integration, and scalability, our services prioritize the confidentiality of your sensitive financial data. Experience a transformative shift towards enhanced financial efficiency, reduced administrative burden, and dedicated focus on delivering quality healthcare services to your patients.

Our Payment Posting Process

At MedixRCMSolutions, our denial management services go beyond basic follow-ups. We focus on impactful resolution strategies that drive financial performance and operational efficiency for healthcare providers.

Receive Payment Information

Payment information is received from various sources, including Electronic Remittance Advice (ERA) for insurance payments and receipts or statements for patient payments.

Verification and Matching

We verify the received payment information against the corresponding claims or invoices to ensure the amounts match expected payments based on processed claims.

Data Entry

Our team enters payment details into the healthcare provider’s financial system. This includes payment amounts, payment dates, and any additional information from remittance advice or payment receipts.

Allocation of Payments

Payments are allocated to specific claims or invoices, linking each payment to the exact service or procedure it was meant to cover.

Adjustments and Write-Offs

We apply necessary adjustments, such as contractual write-offs, based on remittance advice. These ensure accurate reflection of negotiated payer-provider agreements.

EOB Posting

We accurately post Explanation of Benefits (EOB) details from payers to maintain complete, transparent records of how payments were processed.

Reconciliation

We perform reconciliation to ensure that posted payments align with the received deposits, identifying any discrepancies that may require resolution.

Reporting

Detailed reports are generated to provide insights into payment trends, outstanding balances, and financial performance.

Integration with Financial Systems

Payment data is integrated with your overall billing and financial systems, ensuring accurate and up-to-date records across the board.

Communication

Any discrepancies, underpayments, or unusual findings are communicated with the billing and finance teams to ensure timely resolution.

Testimonials