Bank Posting and Medical Payment Reconciliation

Save time by speeding up the revenue cycle process


Automated Bank Posting and Medical Payment Reconciliation

Medical Billing System Government regulations, provider organization initiatives, and technology improvements all impact transaction processing and have led to a significant improvement in payer remittance and optimized payment processes over recent years with bank posting and reconciliation services. Payment posting and reconciliation solutions take the stress away from processing time intensive claims and medical bills, while providing transparency and increased visibility into the payment process. These solutions streamline the payment process and allow you to coordinate payment data with specific patient billing records in your medical billing system, leading to more revenue flowing into your organization.

Interfacing with Imagine’s medical billing system and streamlining automated reconciliation by capturing, converting, matching, storing, and indexing all claim files, EOB images, remittance files and more into a central repository, providers can upload the data to be posted against open patient bills, making it easier to see all payments, outstanding charges, and denials.

Auto-match rates are offered up to 98% with an automated medical payment reconciliation tool that will integrate with your practice management system, bank and clearinghouse, reducing the risk of mistakes and human error while also saving on transaction processing costs, improving collections, lowering days in A/R. You're able to upload files into your billing system and post them against the patient’s billing, eliminating the need for manual reconciliation. The result? Your staff can focus on the more valuable parts of the revenue cycle and collections process, such as spending time working exceptions like late payments and denials, and focus less of their time on posting and reconciling. Learn More about Bank Posting and Reconciliation.

"It’s a product that I really believe will be here as long as we are, and continue to evolve with us."

— Michelle Juette
Business Services Manager at Yakima Valley Radiology

Key Features

  • Auto-match rates up to 90%
  • Automated bank reconciliation tools

Benefits of Bank Posting and Reconciliation

  • Optimize workflow through the revenue cycle process
  • Improve productivity and save time
  • Split single remittances into multiple billing systems based on pre-determined logic
  • Reduce audit and fraud risk
  • Convert paper EOB’s and patient payments to match each ERA

Related Products & Services

ImagineBilling | Medical Practice Management System
ImaginePay | Patient Payment Portal
ImagineAppliance® | Automate Most Billing Tasks
ImagineRIS | Reduce Errors & Optimize Workflow
ImagineMedFM | Boost Productivity & Reduce Costs
HonorCare® | Patient Payment Plans
Collection Services | Healthcare Billing Collections
Clearinghouse Services | Electronic Claims Services
Infrastructure Services | Healthcare Infrastructure Support

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