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 medical billing process for negligible revenue leaks.

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

Payment Posting Services
ISO: 9001:2015 Certified CompanyISO: 27001 Certified CompanyHIPAA Compliant

Outsource Payment Posting Services to The Expert

At Invensis, we understand the importance of accurate and efficient payment posting for healthcare practices. Payment posting is a crucial step in the healthcare billing process. It involves entering payment information from various sources, such as insurance companies and patients, into a practice's financial management system.

Accurate and efficient payment posting is essential for ensuring that a practice can effectively manage its finances and maintain a healthy cash flow. Our experienced billing and coding team is dedicated to accurately and securely entering payment information into your financial management system.

Our Payment Posting Services Include

•    Verifying and entering insurance payments

•    Handling patient payment plans and installment payments

•    Processing credit card and electronic payments

•    Resolving billing and payment discrepancies

•    Reconciling payment batches and preparing reports for review

•    Providing customer service for payment-related inquiries

  1. Patient Payments
    We receive information on point-of-service payments made by patients via cash, check, or credit card, and we review this information to adjust each patient account accordingly. These payments can be for co-pays, deductibles, or non-covered services.
  2. Insurance Posting Services
    This includes processing Electronic Remittance Advisories (ERAs) that we receive in high volume from payers. We import these ERAs into our clients' practice management systems and correct any exceptions, while verifying batch totals. We also offer manual posting services, where we receive scanned Explanation of Benefits (EOBs) from our clients and process them in line with the client's business rules for adjustments, write-offs, and balance transfers to secondary insurance companies or patients.
  3. Handling Claim Denials
    We record each claim denial in the practice management system and take action to re-bill to the secondary insurance company, transfer the balance to the patient, write-off the amount, or send the claim for reprocessing. We have expertise in understanding payer-specific denial codes and ANSI standard denial codes. We use this knowledge to ensure that our clients' claims are processed accurately and efficiently.
    In addition to our payment posting services, we also offer specialized support to enhance the effectiveness of your revenue cycle management (RCM) process. Our team can provide detailed analysis of Explanation of Benefits (EOBs) and assist with tasks based on EOB analysis to optimize your RCM cycle and increase revenue. We can also track cash inflow to ensure your practice runs smoothly and efficiently.

Don't let payment posting hold you back. Let Invensis handle it for you. Contact us today to learn more about how we can support your practice with our payment posting services.

Services we offer:

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

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The Invensis Advantage

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 claims that are rejected and update the denial management team to follow up for settlement.

Accelerate Secondary Payments

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

Match EOB & ERA Posting

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

Knowledge of Payment Posting Applications

We have used a number of payment posting applications like Kareo, Billing Pro, Advanced MD, Drchrono, etc., and will assist you to choose and use 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.

Invensis - The Most Trusted Payment Posting Provider

We grew from a 2-employee to a 500+ employee medical BPO company in 22 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. 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.

22

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

ISO: 9001:2015 Certified Company
ISO: 27001 Certified Company
HIPPA-Complience Svg logo

What Our Customers Say

We have been working with Invensis for the past two years, and they have helped us overcome many revenue cycle management challenges. The team often walks the extra mile to ensure that our needs are met.

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Christina Sussex
Leading Healthcare Provider in France

Invensis has been our revenue cycle management healthcare outsourcing partner for the past 5 years. They have always delivered on their commitments, whether it is meeting our Service Level Agreement (SLA) or improving our billing process.

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Christopher Middleton
Leading Healthcare Company in US

Invensis has been a great partner providing quality medical coding and billing services. The team is extremely responsive to every query we pose, and the turn-around time for deliverables is always as committed.

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Chris Lauren
Leading Healthcare Company in US

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