Payment Posting Process in Medical Billing
The payment posting process involves recording and reconciling payments from insurance companies or patients to ensure that the provider’s accounts are up-to-date.
Payment Posting Process in Medical Billing Explained
In medical billing, the payment posting process includes applying payments to the correct accounts, noting any adjustments or denials, and updating patient balances. This step is essential for maintaining accurate financial records.
For example, the billing team posts an insurance payment and updates the patient’s account to reflect the remaining balance.
Find common acronyms and abbreviations in Medical billing glossary.
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