Payment posting is one of the final steps in the medical billing process and is crucial to medical practices and providers for achieving an optimized revenue cycle. Accurate payment posting in the patient accounts ensures that denials can be addressed efficiently. The need for maintaining accuracy, attention to detail, and quick processing necessitate health care organizations and providers to partner with the right payment posting service providers.
Pejas Consulting follows industry best practices and streamlines the payment posting process. This enables medical facilities and clinicians to get the payment records of all their patients entered perfectly in the practice management or medical billing software. Our solutions warrant that payment posting is performed in line with the industry standards and norms while fulfilling the clients’ unique requirements.
Why Choose Us?
Pejas Consulting ensures effective and reliable payment posting services that include the following:
- Explanation of Benefits (EOBs): The trained professionals in Pejas Consulting will enter the critical details such as the patient’s name, service dates, account numbers, procedure codes, deductibles, and the like. The data is analyzed for identifying payment and other related factors such as frequency of inflows, percentage of insurance receivables, denials, etc. and this data is recorded accurately.
- Action Based on the Analysis: Having established the pattern of payment receivable, the concerned billing departments will be intimated to take steps for increasing the inflows. The balance amount is informed to the patient. This ensures the effortless collection of the outstanding receivable by the billing departments, from patients.
- Cash flow tracking: We keep tabs on the outstanding amount receivable as well as the cash flow status. This facilitates easy access to cash inflows so that the practice or provider may take the necessary action for improving cash flow.
Benefits of our Services
- Overall revenue cycle of the practice improves
- Submitting accurate claims to secondary payers becomes possible
- Denial management is expedited
Pejas Consulting has the experience and skills required for enabling hospitals and medical professionals to improve their revenue cycle.