Introduction: In the ever-evolving landscape of healthcare administration, accurate medical payment posting stands out as a cornerstone for both financial success and patient satisfaction. The process of recording and reconciling payments in a precise and timely manner is not merely a routine task; it is a crucial element that can impact the overall efficiency of […]
Patient due amounts (copays and coinsurance) can make up roughly a third (or more) of your practice A/R, but on average only one-third of patient dollars are properly collected upfront. If you see a patient in your practice and they leave without resolving their patient due amount, your chances of being paid in full decreases […]
When posting payments in a practice management system the need for accuracy is essential. Inaccurate postings can result in serious downstream financial affects for your practice. Though the importance and possible negative ramifications of posting payments inaccurately are seemingly obvious, mistakes can easily occur with a simple typo. When posting an insurance payment to the […]
