Payment posting is the process of recording payments and related financial information from insurance companies and patients into a practice management or billing system. For insurance payments, billing teams typically work with an Explanation of Benefits (EOB) or Electronic Remittance Advice (ERA). These documents provide details on the amount paid, adjustments, denials, patient responsibility, and other claim-level information. The procedure for payment posting in medical billing links the payer's claim decision to the patient's account and the provider's financial books. Accurate posting clarifies balance status and helps identify claims that need further attention. Payment Posting Process in Medical Billing A consistent payment posting process in medical billing generally involves the following steps: Receive payment and remittance information Collect EFT, ERA, EOB, check, or patient payment information. Match the payment to the correct account and claim Verify pati...
An emergency department sees many patient encounters, most of which occur during a short period. At every step, from registration and insurance verification to coding, claims submission, posting and denial management, there is a possibility that a particular step will influence reimbursement for the services rendered by the physician. The encounters in an emergency department may include documentation complexities and various levels of services and hence call for special expertise in emergency physician billing. Emergency physician billing services help the physicians and medical groups manage their billing without burdening the administrative staff. What Is Emergency Room Physician Billing? Emergency room physician billing involves the financial and administrative processes used to bill and collect reimbursement for services provided by emergency physicians. Unlike facility billing, physician billing focuses on the professional services provided by the emergency p...