CureMed Solutions

Payment and Reconciliation

Payment and Reconciliation

Incorrect payment posting affects the entire revenue cycle. If payment posting is incorrectly done by the team, the balance of the paid account still reflects in the system and the AR team spends unnecessary efforts and time on reimbursing the claims. Also, when the primary insurance payment is not posted perfectly, the chances are more that the secondary and the tertiary payers get the incorrect bill. Well performed payment posting can aid in identifying opportunities to improve revenue payments and find new trends for the practice. Payment posting has the potential to smoothen the practice and help for a seamless flow of revenue.

At Curemed Solutions, we offer a team of individuals with years of experience in payment posting services.

Payment and Reconciliation
  • Our team ensures that all EOBs and ERAs received from the insurance are correctly captured and posted to concerned patient accounts within 24 hours.
  • Our staff is conversant with ANSI denial codes as well as the remark codes used by different payers, post denials into your practice management system and take immediate actions for denial management.
  • Our team assesses and analysis the trends around denials, prior-authorization, non-covered services, quality of your clinical documentation and coding processes, and effectiveness of your front-end patient collections and provides you with a report to improve processes at your end.
  • Our team reconciles daily deposits with amount posted so you are able to ascertain precision of payments, adjustments, write-offs, and balance transfers.
  • We combine EHR into the function to ensure claims are filed accurately with exact pre-authorization details and medical codes and prevent unforeseen problems later.
  • We can a process large volume of transactions, efficiently, accurately and timely and take immediate action to rectify any inaccurate, processed insurance payments.
How outsourcing these services to us benefits you?
  • You have an effective analysis at hand to maximize your revenue cycle profitability.
  • Guidance to improve existing processes in your practice by trend analyses around denials.
  • Accurate payment posting ensuring submission of only correct claims to secondary payers.
  • Immediate denial resolution as and when needed.
  • Quick and efficient services at highly cost-effective rates and cuts down the cost of infrastructure and manpower needed at your end.
  • 100% HIPAA compliance and complete data security provisions.