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Payment Posting

Oversee promptly and avoid any issues with low inflows, while striving in return for a strong cash flow and the maximum amount of reimbursement in the minimum amount of time. Quantum Outsourcing Group assures strict attention to detail, accuracy, and overall efficiency on your payment posting needs.

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What is
Payment Posting?

Payment posting, also known as cash posting or receipt entry, is an essential step of the revenue cycle or medical billing process.

 

It refers to getting a clear outline of your revenue stream, payments (EOBs insurance payments, insurance checks from ERAs, payments from patients,.), and the day-to-day financial practices of your healthcare organization. This will ultimately give you insights on your economic cycle and payment details, for you to understand the collections through various payers, and identify revenue leaks, catch potential errors, and resolve them immediately.

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Why do you need
Payment Posting?

As your payment posting provider, Quantum Outsourcing Group provides strict attention to detail, accuracy, and overall efficiency, managing promptly any issues with low inflows, and striving in return for a strong cash flow and the maximum amount of reimbursement in the minimum amount of time.

As your provider, Quantum Outsourcing Group will:

 

  • Oversee payment intake, coordinate payment posting, and post payments reconciliation processes.

  • Prepare payment batches.

  • Process and post billing statements while updating account adjustments and keeping records of account standings.

  • Keep track of financial transactions in the general ledger, payment deposits from patients and insurance reconciling details.

  • Keep accurate billing records and report any discrepancies to accounting.

  • Submit claims to insurance providers.

  • Conduct audits for each billing cycle.

How do we do Payment Posting?

Contact us today and improve your overall medical billing and payment posting process.

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