Payment Posting & Reconciliation
Know Your Money, Track Your Payments
An accurate and efficient payment posting process is indispensable for any healthcare entity.The impact of accurate posting is immense as it reflects the overall picture of your practice’s revenue health.
Prevents Recurring Problems
Better Cash Flow
Reconcile Payments
Identifies Payment Trends
Receiving Deposit Files from Practice
Data is gathered from the deposit form, which indicates your payments from the carrier along with the payment supporting documents like Electronic Fund Transfers, Checks, or Virtual Credit Cards.
Posting Payments from Deposit Files
The payment information is verified with the attached EOB. If the paid amount matches then payments will be posted to the respective claims as per the EOB and accounts balanced, otherwise the practice will be notified.
Reconciling the Payments
Practice is notified about the status of the deposit once the payment is posted. A confirmation mail is sent to the practice with a summary that ensures all the transactional records are consistent and up-to-date.
Listen To What Our Customers Say About Us
Ishtiaq Rouf, GP, Perio
Owner, West Annapolis Family Dentistry
Extremely happy with CareRevenue
"I cannot speak highly enough of CareRevenue. The solution brought a lot of discipline into my practice and I no longer have to call insurance from my office, and that's been a source of joy for my staff. There was a point where my day sale outstanding used to be over 140 days. The CareRevenue team has been able to cut that by half and now we're on track to cut it by another half."
Features
Our prompt and comprehensive Eligibility & Benefits Verification service let's you make informed decisions so that you can make the most out of your revenue cycle!
Payment Reconciliation
Posting and reconciling data from EOBs and ERAs, ensuring deposits match payment totals.
Unique Claim Adjudication
Perform all transactions like write-offs and adjustments as per your standards.
Accurate Patient Billing
Move correct balances to patient responsibility for prompt patient billing
Higher order Billing
Identifying claims with secondary payors and processing claims for any remaining balances.
Denied Payments
Analyze denial patterns and give inputs to eliminate repetitive errors in the billing cycle.
Working with Bank Statements
Access to bank statements ensures that all your payments are processed without any misses.
