Payment Posting
Claim payments are received via electronic transmission or mail. Remittance advices also are received electronically or on paper.
On a daily basis, the Payment Posting team agrees or reconciles bank deposits to supporting remittance advices and posts associated payments and adjustments.
Electronic remittance advices are retrieved from clearinghouse sites and posted electronically.
Paper remittance advices are viewed on or printed from client lockbox sites and posted manually
The Payment Posting Manager collaborates with other members of the AI MEDCON service team and with identified client contacts to track, monitor, and address non-routine matters such as unapplied cash, aged unmatched deposits, and aged unmatched remittance advices.
When payments and adjustments have been posted, the charge status for fully adjudicated charges is changed from insurance billed to either (a) patient.
In cases where payments and contractual allowances conform to payor fee schedules and residual deductible or co-insurance amounts are due from patients or (b) closed.
In cases where payments and contractual allowances conform to payor fee schedules and no residual deductible or co-insurance amounts are due from patients.