What We Do
At E Billing Providers, we handle the posting of payments into your Practice Management System (PMS) from both Electronic Remittance Advices (ERAs) and Explanation of Benefits (EOBs). This includes posting payments from insurance providers, patients, and any necessary adjustments. Here’s how we manage the payment posting process:
Insurance Payments:
- We accurately post insurance payments into your PMS, ensuring that the correct amounts are applied to the appropriate accounts. Our team ensures that the payment matches the remittance advice, making sure there are no discrepancies between what the insurer has paid and what is reflected in your system.
Patient Payments:
- We also post patient payments accurately, whether they are collected at the time of service or via other methods. This helps ensure your practice’s financial records are up-to-date and accurate.
Adjustments:
- Any necessary adjustments (e.g., contractual write-offs or billing corrections) are posted to ensure that the patient’s account reflects the accurate balance.
Flagging Underpayments:
- We proactively monitor payments and flag any underpayments that do not align with expected reimbursement amounts. If there is an underpayment, we initiate the process of appealing the discrepancy to the payer to recover the full amount due.
What Makes Us Different:
What sets E Billing Providers apart is our proactive payment posting approach, which goes beyond simply entering payments into your system. Here’s how we ensure that your practice is paid correctly and on time:
- Analyzing Payer Trends and Underpayment Patterns:
- We don’t just post payments and move on — we take a deeper look at payer trends and underpayment patterns. By analyzing the payment behavior of each insurance company, we can identify any recurring issues, such as consistent underpayments or delays, and address them proactively.
- Reconciliation Reports:
- We generate reconciliation reports that allow your practice to track the accuracy of payments, highlight discrepancies, and identify trends in your revenue cycle. These reports provide valuable insights into your practice’s financial health, helping you make data-driven decisions.
- Proactive Appeals for Underpayments:
- If we identify an underpayment, we don’t wait for it to resolve itself. We initiate timely appeals with the payer, ensuring that your practice is compensated fully. Our team understands the payer-specific processes for appeals, which helps us effectively resolve payment discrepancies.
- Optimizing Cash Flow:
- By analyzing payer patterns and addressing underpayments quickly, we help optimize your practice’s cash flow. This ensures that your practice is reimbursed accurately and promptly, reducing delays in payment and preventing any revenue leakage.
- Revenue Leakage Prevention:
- Our proactive approach ensures that your practice doesn’t lose revenue due to underpayments or mistakes in payment processing. By identifying discrepancies early and initiating appeals, we help protect your bottom line and improve overall financial stability.
- Timely and Accurate Payment Posting:
- We ensure that all payments, including adjustments and patient payments, are posted in a timely manner. This reduces the risk of errors, delays, and missed payments, ensuring your practice stays financially healthy and efficient.
At E Billing Providers, we go beyond simply posting payments — we ensure that your practice receives accurate and timely reimbursements. By analyzing payment trends, addressing underpayment issues proactively, and generating detailed reconciliation reports, we optimize your practice’s revenue cycle and help improve cash flow.
