Payment Posting in Medical Billing
Payment posting refers to the process of recording payments received from insurance companies and patients in the provider’s billing system.
Payment Posting in Medical Billing Explained
In medical billing, payment posting updates the provider’s accounts by reflecting payments received, adjustments made, and any remaining balances. Accurate payment posting is crucial for managing revenue and tracking patient balances.
For example, after receiving an insurance payment, the billing department posts the payment to the patient’s account to update the balance.
Explore acronyms and abbreviations in Medical billing glossary.
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