Reduce denials, improve cash flow
High-precision payment posting services
The payment posting process, not only provides insight into the effectiveness of your revenue cycle, but also allows you to analyze reimbursement trends and perform analytics. The need for a highly efficient team to process payments is of utmost importance considering the clarity it provides on your revenue cycle.
We at Scribe4Me provide highly accurate and efficient payment posting services to ensure a seamless functioning of your practice’s financials. Partner with us and experience the difference of a trusted partner committed to optimizing your revenue cycle and allowing you to focus on patient care, while we handle your payment posting complexities with utmost precision and efficiency.
Our Payment Posting Process
We believe that attention to detail, data input accuracy and following client specifications are essential to successful medical billing and efficient cash flow management. Scribe4Me offers high-precision Payment Posting Services tailored to your requirements while upholding industry best practices and standards.
We provide the following services:
Patient Payments: Our clients send us receipts of point-of-service payments made by patients on a daily basis. These payments, which may be for co-pays, deductibles, or non-covered services, are made using cash, check, or credit card. This information is reviewed by our payment posting specialists and adjusted against each patient account.
We handle Insurance Payments in the following ways
Electronic Remittance Advice: This auto posting system is generally useful for medical practices that deal with a large number of claims every day. We receive ERAs from payers and process them in batches by importing them into the practice management system. Batch processing allows for making any corrections and transferring balances to secondary insurers. Each batch run generates exceptions and we correct the same along with verification of batch totals.
Manual Posting: Some of our clients send us scanned EOB batches either through secure FTPs or through the EHR system. Our experts then manually do the posting into the system, based on client-specific rules. Batch processing allows for proper accounting and ensures accurate payments, write-offs, adjustments and balance transfers to secondary insurance companies or patients.
Denial Posting: Posting a claim denial is crucial to get an accurate picture of the actual A/R balance. Payers often send back denied claims with ANSI codes for denials and occasionally with payer-specific guidelines. We have expertise interpreting ANSI standard denial codes as well as payer-specific denial codes for the majority of payers. Every time a claim is denied, we make a note of it in the practice management system and then take the necessary steps, to rebill the secondary insurance company, transfer the patient the remaining balance, write off the amount, or send the claim for reprocessing.
Benefits of our Payment Posting process
High Quality: Our accuracy rates are close to 99% despite our contractual guarantee being at 97%, this can be attributed to our highly-experienced team
Responsiveness:We provide a dedicated account manager and team for each of our clients ensuring a guaranteed turnaround time of 24-28 hours.
Accurate understanding of the A/R cycle: Accurate payment posting in medical billing gives you a clear picture of your accounts receivable, helping you make informed and better decisions.
Analytics:We create reports on A/R trends in order to:
Exception processing: We uphold your business policies and notify you of any significant trends, contractual adjustments, or denials.
Outsource Payment Posting Services to Scribe4Me
Take advantage of our high-precision payment posting services to optimize your revenue cycle and receive accurate and timely reimbursements. Our team is well-trained in handling the intricacies of medical payment processing, leveraging technology, and maintaining precision. Hence, partnering with Scribe4Me can help achieve a faster payment cycle and a true insight into your daily revenue stream. Interested in learning more about how Scribe4Me can help in successful management of finances? Get in touch with us today!
Revenue Cycle Management
Are you a healthcare provider under increased pressure to focus on providing care as well as maintaining financial viability? Do you feel overwhelmed with administrative and financial responsibilities? Feel like you are losing pace on follow-ups for efficient collection? Are you short of trained experts to handle the complex maze of RCM? Scribe4Me is here to help you.
Insurance Eligibility Verification
Are you struggling with the time-consuming tasks of verifying and validating a patient’s insurance coverage eligibility? Thinking of taking the help of an insurance expert to relieve you from the tedious tasks of verifying insurance coverage? Then the best option is to outsource your Insurance Eligibility Verification services to an experienced service provider like Scribe4Me.
Do you find it challenging to keep pace with the yearly updates to code sets and changing payer regulations? Are you facing coding errors that cause delays in reimbursements? Are you short of highly trained certified medical coders with experience across multiple specialties? If yes, outsourcing your medical coding services to Scribe4Me is your best bet.
Charge Entry Services
Are charge entry tasks consuming much of your front office personnel’s time? Is claim denial slowing things down and delays your payments? Do you feel there isn’t any collaboration between your charge entry and coding team? If yes, you’ve come to the right place. Outsourcing your Charge Entry services to Scribe4Me ensures error-free and accurate entries for cleaner claim submissions
Is your medical practice struggling with the time-consuming and labor intensive process of claims submission? Are you finding it difficult to keep pace with regulatory demands? Do you lack skilled resources to handle your claims submissions effectively? Opting for Scribe4Me’s Claims Transmission services is the best thing you can do to achieve greater accuracy in claims settlement and reduction in costs.
Accounts Receivable Management
Do you feel that receiving payments on time is quite challenging? Do you lack the time and resources to manage the cost of debt over time? Are you on the lookout for an efficient system to manage your accounts receivables? Are aging accounts receivables piling up? If that is the case, you need a trusted partner like Scribe4Me to improve cash flow by enhancing your accounts receivables.
Are you struggling with claim denials and lacking skilled resources to handle appeals? Is dealing with claim denials time-consuming and takes your focus away from patient care? Are you finding it difficult to identify the root cause and implement a successful denial prevention strategy? If yes, outsourcing is the best thing to do. Opting to outsource your denial management services can result in increased revenue and reduced claim denials.
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