Billing cycle begins with charge entry and comes to an end with payment posting. Charge entry process and payment posting services process are the most crucial stages in medical billing. A good payment posting process helps streamline the manual payment process helping you save time and money. It requires careful allocation of codes in the software system handled by experts of the field. Outsourcing it to Bikham means you can sit back and trust the team of professionals who will handle your Charge entry and payment posting process with the due diligence required, resulting in a streamlined operation.
Our professional prowess:
To begin with the charge entry process in medical billing, the service provided by us can either be part of revenue cycle management services or a stand-alone service. Our team has years of experience in managing the charge entry process assisting various medical practitioners.
As such, they can get on with the process straight away, quickly familiarizing themselves with the practice and with Physicians way of working. Saving both time and effort.
Several years of experience with multiple specialties enables us to define a customized strategy which lessens the risk of error resulting in successful claims.
Charges are assigned to the client management system software based on account specific rules.
The pending/held documents are returned to the clients for clarification purpose.
The final charges/amount is examined by the quality team before being the claim is sent for processing.
We're one of the leading medical billing companies with competence in handling charge entry for various medical billing practices. Our team isn't just limited to data entry, they also provide value addition. In case, if we find out any error in the final bill at the time of entry, the charge entry for final bill is paused until the clarification is sought from the client.
The compensation received from the payers or patients are updated in the clients' management system. Payment posting is performed by our team in two ways:
Auto Posting: Explanation of benefits is submitted in electronic remittance advice/ERA form which can be downloaded directly onto the client management system. In brief, the entire payment posting process is done in the system software so as to audit it anytime.
Manual Posting: In this process, the EOB is initially sent to the posting team, where they are examined at the practitioner's place of business, and then eventually shipped by the team in an envelope or delivered to the providers' location by other means. Once the payment is retrieved, the posting process is continued by the batch creation of payments in order to prevent any error.
Bikham Healthcare ensures the process is handled by a team of experienced professionals to make sure physicians get paid on time and there are no errors in payment processing.
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