Automate medical claims processing
Make Your Payment Process More Visible
Reduce audit and fraud risks with a clearer financial story. Payment posting and reconciliation solutions connect the dots in the payment process by matching payment data with specific patient billing records in your billing system.
Make your workflow cleaner. With our paperless system, electronic remittance advice is received from payers and the EOBs are converted into electronic files. After posting, they are then balanced and reconciled against deposit information and uploaded directly into your billing system.
Save Staff Time
Eliminate manual reconciliation and shift your team’s focus to working exceptions and denials instead of payment posting. All you have to do is upload files into your billing system and post them against the patient’s billing information.
Features of Bank Posting and Medical Payment Reconciliation
Validates and reconciles bank deposits to the revenue collected in your billing offices
Separates and routes combined ERA files to the appropriate entity for proper posting
Connects with your existing bank lockbox or billing office to route scans of the original EOB
A system-agnostic API that connects with any bank or practice management system
How does automated bank posting and reconciliation work?
- Upload files (claim files, remittance files, EOB images) into your billing system
- System automatically posts against open patient bills
- Review payment history, balance and denials for reconciliation
"We’re closing within 5 days every month with very little outside help because of how easily ERAs are flowing into the system and how simple the process is now with BankingQ."