Payment Posting is a crucial element of healthcare revenue management, and at SkyMD, we offer comprehensive Payment Posting services designed to streamline the financial aspects of your medical practice. Our Payment Posting services go beyond routine data entry – we offer a comprehensive solution for managing your practice’s financial health. Our dedicated team ensures that every paper check, Electronic Remittance Advice (ERA), and Electronic Funds Transfer (EFT) is meticulously reviewed and posted daily. This commitment provides our clients with a clear day-to-day snapshot of their cash inflow, enabling them to stay informed about the financial dynamics of their practice.

Our strategy involves cross-comparing contracted rates, allowable schedules, and actual payments. This helps identify underpayments, triggering further actions to maximize reimbursements. We record and monitor all aspects of claims submission, re-filing, and follow-up activities, maintaining a comprehensive record from submission to adjudication. This systematic tracking ensures proper handling and reimbursement against each submitted claim.

We have implemented a structured schema for tracking and obtaining any missing details necessary for payment posting, managing post adjustments and unapplied credits, reviewing flagged credit balances, and addressing any appropriate takebacks. This organized approach minimizes errors, enhances accuracy, and contributes to the overall efficiency of your revenue cycle management.

Choosing SkyMD for Payment Posting services means empowering your practice with real-time financial insight. With our team at the helm, you can focus on delivering exceptional patient care while having confidence in the financial transparency and efficiency of your practice’s revenue processes.