Falconre Technohealth Business Solutions professionals not just process payments but provides you trends and understanding on reasons for denials, prior authorization, non-covered services, quality of your clinical documentation and coding processes, and effectiveness of your front-end patient collections.
Posting of insurance payment is basically logging in the payment into the practice management or billing software. Insurance payers typically lump payments together for several claims in one check or electronic fund deposit. This is reflected in the ERA.
Apply insurance payment involves reconciling the payments received from the insurance payers to each individual claim. Once insurance payments are posted, any secondary claims can then be created or submitted. Once all the insurance payments have been received and account adjusted, the remaining patient responsibility can then be billed.
Falconre Technohealth Business Solutions uses the concepts of ERA & EOB well to produce better and effective payment posting for our clients. we manage insurance processing sent electronically to the provider. Also, these provide the patient with an explanation of the claim process. We also explain any patient responsibilities such as co-insurance, deductible, and co-pays.