{"id":30,"date":"2020-01-29T19:34:19","date_gmt":"2020-01-29T19:34:19","guid":{"rendered":"http:\/\/localhost\/?page_id=30"},"modified":"2020-01-31T08:35:31","modified_gmt":"2020-01-31T08:35:31","slug":"payment-and-cash-posting","status":"publish","type":"page","link":"https:\/\/ikogitate.com\/index.php\/payment-and-cash-posting\/","title":{"rendered":"Payment and Cash Posting"},"content":{"rendered":"<div class=\"home_box_two home_box\">\n<div class=\"logo_box\"><img decoding=\"async\" src=\"http:\/\/ikogitate.com\/wp-content\/uploads\/2020\/01\/logo.png\"><span class=\"dnone\"> &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  COMPLETE REVENUE CYCLE SOLUTIONS<\/span><\/div>\n<div class=\"slider_box\">\n<center><br \/>\nDoes your medical facility want to focus on core medical functions, minimize billing denials, increase efficiency in the billing                                     process, cut down on costs, and ensure timely reimbursement all at the same time?<br \/>\nIf so then Choose<\/p>\n<h2 style=\"margin-top:50px;\">We deliver what you expect<\/h2>\n<p><button><a href=\"\/contact-us\" target=\"_blank\" rel=\"noopener noreferrer\">Contact Us<\/a><\/button><br \/>\n<\/center><\/div>\n<\/div>\n<h3 class=\"heading margin\"><center><strong>Payment and Cash Posting<\/strong><\/center><\/h3>\n<div class=\"width\">\nPayment posting marks the end of the billing cycle, where the payment records of every patient are recorded in the billing management software. Payment posting also spawns other processes which need continuous attention and appropriate action. iKogitate offers accurate and quick payment posting and after-posting services to make things easier for you.<\/p>\n<p>Payment Posting process at ikogitate includes:<\/p>\n<p>1. <span style=\"color:#FF8C00;\">Reading and Analyzing EOB<\/span><br \/>\nEOB basically consists of patients&#8217; names, their account numbers, control numbers, service dates, procedure codes, billed\/allowed\/adjusted amounts, denials information, deductibles, co-insurances, co-payments if any, etc. Once you receive the EOB from the insurer our resources do not just key in the mentioned details into your billing system rather go through it carefully, and analyze it to identify payment and other related patterns like the percentage of insurance receivable, frequency of inflows, denials, amount outstanding percentage, etc., and then record it.<\/p>\n<p>2. <span style=\"color:#FF8C00;\">Analysis Based Action<\/span><br \/>\nOnce we establish the payment receivable patterns, we immediately send out the necessary action chart to the respective billing departments to take necessary measures to increase the inflows. For instance, if there is a difference between the allowed amount and the payment amount, then balance payable amount will become the patient&#8217;s responsibility. The EOB clearly states as to why the balance need to be paid by the patient, in cases like co-payment, deductibles or co-insurance or uncovered insurance. iKogitate immediately passes out this information to the billing department which helps them to collect the outstanding receivable from the patient easily and swiftly. Read an article on 6 effective ways to collect patient balances.<\/p>\n<p>3. <span style=\"color:#FF8C00;\">Inflow Statement<\/span><br \/>\nWe keep a real time track on the outstanding amount receivable and the cash inflow status so that the rate of cash inflows can be easily accessed and necessary actions can be taken to improve the cash flows.<\/p>\n<p><span style=\"color:#006699;\">We Improve Your Overall Medical Billing System<\/span><\/p>\n<p>Accurate claim posting depicts your overall billing efficiency and infrastructure, and sorts out reasons for low inflows, if any. This would invariably help in improving the overall billing system right from converting the physician billing into a charge entry, to preparing a manual or electronic claims submission, and the final cash posting.<\/p>\n<p><span style=\"color:#FF8C00;\">Faster Denial Management<\/span><br \/>\nOnce we look at the rate and nature of denials we immediately utilize our denial management expertise to fix the issue and bring down the denials to the lowest.<\/p>\n<p><span style=\"color:#FF8C00;\">Presence of Specialized Claims Posting Resources<\/span><br \/>\nWe clearly understand that cash payment entry is not a mere claims data entry job, and involves domain expertise and work experience to ensure that accuracy of information is maintained, and most importantly, proper analysis is done by the resources involved.<\/p>\n<div style=\"margin-bottom:200px;\"><\/div>\n<div><\/div>\n<\/div>\n<h3 class=\"heading\"><strong>Other Services<\/strong><\/h3>\n<div class=\"other_services\">\n<center><\/p>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/practice-management\/\"><br \/>\nPractice Mangement<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/enrollment-and-credentialing-services\/\"><br \/>\nEnrollment and Credentialing Services<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/medical-coding\/\"><br \/>\nMedical<br \/>\nCoding<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/denials-management\/\"><br \/>\nDenials Management<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/medical-billing\"><br \/>\nMedical<br \/>\nBilling<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/account-receivables-and-follow-up\/\"><br \/>\nAccount Receivables and Follow-up<\/a><\/div>\n<div class=\"oservice\">\n<a href=\"\/index.php\/\/call-center-services\/\"><br \/>\nCall Center Services<\/a><\/div>\n<p><\/center><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; COMPLETE REVENUE CYCLE SOLUTIONS Does your medical facility want to focus on core medical functions, minimize billing denials, increase efficiency in the billing process, cut down on costs, and ensure timely reimbursement all at the same time? If so then Choose We deliver what you expect Contact Us Payment and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/fullwidthpage.php","meta":[],"_links":{"self":[{"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/pages\/30"}],"collection":[{"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/comments?post=30"}],"version-history":[{"count":8,"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/pages\/30\/revisions"}],"predecessor-version":[{"id":305,"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/pages\/30\/revisions\/305"}],"wp:attachment":[{"href":"https:\/\/ikogitate.com\/index.php\/wp-json\/wp\/v2\/media?parent=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}