Payment posting is considered the most integral part of the revenue cycle management. The process of payment posting can affect many business processes of the healthcare facilities that can have a significant impact on efficiency, patient care, and overall financial growth.
Healthcare, one of the leading industries is looking to optimize its services as well as maximize the efficiency of its staff with the aim to deliver excellent patient care, thus leading to increased revenue for its business. It is inevitable that a patient will return back to a healthcare or recommend it, mainly if they have a positive experience with it.
Introduction Health care is one of the most bureaucratic, overly regulated industries. Not only do government regulators have a number of rules and guidelines, but private insurance companies have tremendously complicated billing procedures. They are seeking any possible excuse to deny a claim and have created a byzantine billing system to reduce claims and make …