Payment Posting Services

Are you facing challenges in posting payments accurately? Do you repeatedly struggle to match the logged payments with your patient’s medical bills? Our payment posting services are tailored to reduce errors while posting payments and smoothen your billing process.

24+

Years of Experience

13+

Industry Verticals

5000+

Experienced Professionals

StripPayment Posting Services

Outsource Payment Posting Services to the Expert

As an established medical billing payment posting company, we have been delivering services since 2000. Our services have helped our clients view payments and gain the practice’s financial picture, which helps them easily identify and solve issues.  Our expertise in payment posting services has assisted our clients in posting EOB and ERAs, reconciliations, handling denials, collection issues, and more with added accuracy.

We combine our experience with the knowledge of experts and the best payment posting services to create a strong payment posting delivery model. Our services have acted as the first line of defense to identify any problems from the payer side. This brings unmatched competency in identifying missed income and carrying out a timely follow-up on dues. The cumulative impact is improved cash flow and reduced outstanding.

Our Payment Posting Services

  • Receive Payment Documentation

    We obtain remittance advice or Explanation of Benefits (EOB) from insurance payers, along with any accompanying payment checks or Electronic Fund Transfer (EFT) details.
  • Verify Documents

    Next, we validate the received payment documentation to ensure accuracy and reconcile it with the claims submitted.
  • Payment Allocation

    Our team applies the payment amount to the appropriate accounts or claims, matching the payments to the services rendered and corresponding patient accounts.
  • Adjudication Review

    We verify that the payment aligns with the expected reimbursement based on the contracted rates and fee schedules with the insurance payer.
  • Adjustment Processing

    We make adjustments as necessary, such as write-offs or contractual adjustments, for any contractual allowances or patient responsibility portions.
  • Denial Handling

    Next, we identify and address any denied or partially denied claims included in the payment documentation, ensuring appropriate follow-up actions.
  • Patient Responsibility Determination

    We also evaluate the patient's financial responsibility based on deductibles, co-pays, and co-insurance, and update the patient's account accordingly.
  • Secondary Insurance Processing

    Next, we determine if any claims require secondary insurance billing and initiate the necessary processes for reimbursement.
  • Refund Processing

    Our experts identify overpayments or duplicate payments, and initiate the refund process to return excess funds to the payer or patient.
  • Reconcile Payments

    We perform a thorough reconciliation of the payment posting activities with the practice management system, ensuring that the accounts balance accurately.
  • Reporting and Analysis

    Lastly, we generate reports to analyze payment trends, identify payment discrepancies, monitor reimbursement rates, and track any payment-related issues.

Our Comprehensive Medical Billing Payment Posting Services

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  • Payment Posting From Explanation of Benefits (EOBs) to Patient Account
  • Analysis of EOBs for Under-Payment or Over-Payment
  • Indexing Of EOBs To Patient Account
  • Reconciliation To Match Payment Posting To Actual Deposits

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The Invensis Advantage for Payment Posting Services

Solve Recurring Issues

We use payment posting to identify issues that may grow into a trend and impact your revenue cycle process in the long run.

Cut Down on Denials

Our payment posting services keep track of rejected claims and update the denial management team to follow up for settlement.

Accelerate Secondary Payments

We quickly create and submit-secondary payment accountability to ensure the AR team can act quickly to recover the dues.

Match EOB & ERA Posting

Our payment posting services help you match EOBs and ERAs payments and ensure the creation of accurate financial reports.

Knowledge of Payment Posting Applications

We have used several payment posting applications like Kareo, Billing Pro, Advanced MD, Drchrono, etc., and will assist you in choosing and using the best one for your needs.

Improve RCM Management

Our prompt services will give you a complete picture of the cash inflow and cash outstanding and enable you to fine-tune your RCM process for improvement.

Step-by-step process for Payment Posting Services
Step-by-step process for Payment Posting Services

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Invensis - The Most Trusted Payment Posting Services Outsourcing Company

We grew from a 2-employee to a 500+ employee medical BPO company in 24 years. Over the years, we have been delivering payment posting services to healthcare providers such as solo practices, group practices, large Medical Centers, Surgery Centers, Pain Management centers, Anesthesiology groups, Radiology groups, etc. In addition, we are specialized in providing payment posting in medical billing services for over 30+ specialties. Our clients come from countries like the US, UK, and Canada. Our clients bank on us for effectively receiving payment information, analyzing, and posting payments or the next steps in the medical billing system.

24

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

ISO: 9001:2015 Certified Company
ISO  27001:2013 Certified Company
HIPPA-Complience

3x

Increase in Point-of-Service
(POS) Collections

95%

Clean Claim Rate
(CCR)

80%

Reduction in Accounts Receivable
(A/R) Days

40%

Reduction in Cost to Collect
expenses

75%

Improvement in
Issue Resolutions

Finance and Accounting Tools We Specialize In

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NETSUITES
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What Our Customers Say

Before engaging with Invensis, our nursing personnel struggled with patient data access and communication. Invensis introduced an integrated healthcare platform to eliminate data silos and enhance patient care coordination. This solution improved information sharing and streamlined our healthcare operation.

Richard Thompson
Head of Nursing, Leading Australian Healthcare Service

We were facing significant challenges in patient record management. Invensis implemented advanced EHR systems and resolved issues with our data entry process. They helped us improve process efficiency significantly. You can trust them blindly for your healthcare support needs.

Jennifer Davis
Chief Medical Officer, UK-Based Healthcare Practice

Securing client appointments was a significant challenge for us. Lack of cutting-edge appointment scheduling tools and manual, error-prone methods often were leading to scheduling errors and delays. Invensis, helped us by implementing an advanced scheduling software and trained personnel to efficiently manage appointments. Their support enables us to offer online booking and improve patient communication.

William Jones
Director of Operations, A US-Based Leading Healthcare

What Our Customers Say

We are thrilled with the impeccable chiropractic billing services offered by Invensis. Their comprehensive knowledge of the industry, prompt claims processing, and meticulous attention to detail have immensely benefited our healthcare reimbursements. Highly commendable!

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John Davis
Leading Healthcare Company in the UK.

We are extremely pleased with the exceptional hospital billing services provided by Invensis. Their expertise and attention to detail in Medicare billing and compliance in medical billing have streamlined our revenue cycle and improved financial performance.

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Emily Johnson
Leading Hospital in the US.

Invensis has been an invaluable partner for our organization, providing exceptional ASC billing services. Their expertise and dedication have significantly improved our revenue cycle management. Highly recommended!

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Sarah Smith
Leading Healthcare Provider in Italy.

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Contact Information

You can reach us at:

Call us
+1 (302)-261-9036
sales@invensis.net
Locate Us
Invensis Inc. 2785 Rockbrook Dr STE 204 Lewisville, TX 75067

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