Understanding of Payment Posting service PPT
                     
UNDERSTANDING PAYMENT 
POSTING SERVICES
Payment posting is essential to any solo practitioner’s or healthcare 
organization’s revenue cycle management. It entails posting and deposit 
functions and reconciling posting activities and deposits. The payment 
posting process impacts many other aspects of the healthcare organization, 
including efficiency, patient satisfaction, and overall financial performance. 
Payment posting also offers insight into a practice’s daily revenue stream and 
enables practices to identify and correct potential issues quickly. It is 
essential for your practice to be apt to see daily insurance payments from 
EOBs, patient payments, insurance checks from ERAs, and other information. 
In addition, having an efficient ERA/EOB payment posting system provides a 
clear picture of your day-to-day financial situation. Let’s have a deep 
understanding of payment posting services:
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TYPES OF PAYMENT POSTING
• Manual Posting:
Manual posting is a payment posting completed by administrative staff and 
typically takes longer to fill out the information. This posting increases the 
likelihood of various errors, such as typos and delaying payment posting.
• Auto Payment Posting:
Auto payment posting is a software-driven approach that most industries 
choose as their digital solution to speed up the medical billing process and ensure 
a consistent revenue stream. However, few solo physicians believe that manual 
payment posting gives them less control over their revenue-generating system.
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IMPORTANCE OF PAYMENT POSTING
Medical payment posting, as a critical step in the medical billing process and 
an essential component of revenue cycle management, provides the following 
benefits when done correctly:
• Keeping track of denials and reducing resolution time
• Improved Claim Submission Accuracy to Secondary Payers
• Recurrent problems are resolved
• Improves the Active Process
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How to ensure an accurate payment 
posting?
Payment posting can be done either in-house or through 
outsource payment posting services. Here are some tips for ensuring 
accurate payment posting:
• Always double-check that the data from EOBs and ERAs corresponds to the 
payments.
• When collecting deductibles or co-payments during insurance remittance 
processing, look for problems or revenue cycle leaks.
• To avoid errors, notify management of denials for medical necessities, non-
covered services, and prior authorization.
• Always follow up on denials promptly.
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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nation’s 
leading medical billing service provider catering services to more than 43 
specialties across the entire 50 states. You can rely on us for end-to-end 
revenue cycle management. We guarantee up to 10-20% increase in the 
revenue with cost reduction of your practice for up to 50%. 
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CALL US TODAY :
Media Contact – 
24/7 Medical Billing Services,
28405 Osborn Road,
 Cleveland, OH, 44140
Tel: + 1 -888-502-0537
Email: [email protected]
Website: https://www.247medicalbillingservices.com/
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