Payment Posting

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PAYMENT POSTING SERVICES

Payment posting serves as the initial line of defense for identifying payer-related issues. Problems like denials due to medical necessity, non-covered services, and lack of prior authorization can be detected and referred to the appropriate team members for resolution.

Outsourcing payment posting to Foss Medical Billing Services, a top healthcare services provider, will help streamline this process for your medical practice and deliver cost efficiencies. We adhere to best practices in quality management and information security, ensuring that the outsourced payment posting process aligns with your business needs while maintaining industry standards.

Foss's Payment Posting Services to Enhance Medical Billing

Payment posting signifies the conclusion of the medical billing cycle, where each patient's payment details are documented in the billing management system. Our range of services includes:

  • Explanation of Benefits (EOBs) Analysis
  • Tasks Based on EOB Analysis
  • Tracking Cash Inflow

Benefits of Payment Posting Services at Foss Medical Billing Services

After payments are posted to patient accounts, it’s an ideal time to assess your revenue cycle for areas of improvement. Our skilled payment posting analysts help you enhance your revenue cycle by increasing profitability and reducing accounts receivable days.

Accurate payment posting can resolve many recurring problems within the revenue cycle. By precisely recording adjustments and denials, our team helps you identify the causes of denials and works to address them, preventing future denials.

The efficiency of medical office staff is directly influenced by revenue cycle processes. After identifying an issue, our team assists in determining whether a process should be added, improved, or eliminated to boost the overall effectiveness of the revenue cycle.

While preventing denials is ideal, it's not always achievable. Every day that denials remain unresolved adds to your accounts receivable days. Our team swiftly identifies denials and accurately re-files them, significantly reducing your A/R days.