{"id":1880,"date":"2022-03-30T10:37:11","date_gmt":"2022-03-30T10:37:11","guid":{"rendered":"https:\/\/webservx.online\/astronehs\/blog\/efficient-payment-posting-astron-ehs-has-the-potential\/"},"modified":"2022-03-30T10:37:11","modified_gmt":"2022-03-30T10:37:11","slug":"efficient-payment-posting-astron-ehs-has-the-potential","status":"publish","type":"post","link":"https:\/\/webservx.online\/astronehs\/blog\/efficient-payment-posting-astron-ehs-has-the-potential\/","title":{"rendered":"Efficient Payment Posting – Astron EHS Has the Potential"},"content":{"rendered":"
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Efficient Payment Posting – Astron EHS Has the Potential<\/h1>\n\n\n\n

Talk about revenue cycle management and the first thing that comes to mind for most providers is claims handling, insurance verification or denial management. But the challenging step in the process – Payment posting<\/strong><\/a>s is like a silent champion. Its significance is often overlooked and the advantages are thus, lost to many.<\/p>\n\n\n\n

What is Payment Posting?<\/strong><\/h2>\n\n\n\n

It is an integral part of medical billing. It presents a clear picture of the payments and financial infrastructure giving an opportunity to identify issues and fix them.<\/p>\n\n\n\n

If the claim is processed in favor of payment by the payor, then a cheque or an Electronic Fund Transfer<\/strong><\/a> (EFT) is done to the provider in lieu of the treatment delivered along with the explanation of benefits (EOB).<\/p>\n\n\n\n

If the patient has not signed the assignment of benefits (AOB), then the payment goes to the patient. When received by the provider, these payments are enter in the medical billing system. The entire process is called Payment Posting.<\/p>\n\n\n\n

Types of Payment Postings in Medical Billing<\/strong><\/h2>\n\n\n\n

There are two types of payment postings in healthcare depending on the patient\u2019s insurance coverage and financial ability.<\/p>\n\n\n\n

1. Manual Posting:<\/h3>\n\n\n\n

Here the administrative or front office staff handles the task of filling the information. This can be prone to errors and typos, causing a delay in payment postings.<\/p>\n\n\n\n

2. Auto Posting:<\/h3>\n\n\n\n

This software driven approach is the preferred mode of payment posting in today\u2019s digital world. It is consistent, quick, less prone to errors like duplicate posting and causes no delay in revenue.<\/p>\n\n\n\n

Payment Posting \u2013 The Right Way<\/strong><\/h2>\n\n\n\n

Medical billing is a complex process involving many steps and a mistake at any stage can derail and delay the AR. Payment posting when done diligently and accurately has a massive potential to identify issues in the system, uncover trends behind denials, find services not under coverage, etc.<\/p>\n\n\n\n

Such issues when recognize can be handled quickly by the team and improvements can be made to make the process seamless.<\/p>\n\n\n\n

Here are ways to achieve that \u2013<\/p>\n\n\n\n