What is Medical billing posting?
In the first step of posting, payments received from patients and insurance companies are accurately recorded. This involves meticulously documenting the amounts paid, payment methods, and the specific services or procedures for which the payments were made. Millenium's expert team ensures that each transaction is logged with precision, reducing the risk of errors and discrepancies.
The second crucial aspect of posting involves reconciling payments with the corresponding claims. Millenium Medical Billing meticulously matches each payment received with the associated insurance claim, patient account, or provider service. Any discrepancies or issues are promptly addressed and resolved, ensuring that the financial records remain accurate and up-to-date. Our dedication to detail and compliance in posting allows healthcare providers to have complete confidence in the financial integrity of their practice, leaving them free to focus on delivering exceptional patient care.
Benefits of hiring a medical billing company for “posting”
Consistent Cash Flow
Who we help With Medical Billing Posting
For speech therapists and physical therapists, precise posting is essential to ensure that therapy sessions are appropriately documented and billed. Any discrepancies in posting may result in delayed or denied claims, causing financial instability and hampering the provision of crucial therapies. Similarly, hormone replacement therapy clinics rely on meticulous posting to bill for specialized treatments accurately. Incorrect posting here can not only disrupt cash flow but also hinder patients' access to essential treatments. OB/GYN doctors encounter multifaceted billing processes for women's health services, making accurate posting paramount to avoid delays in reimbursements and legal compliance issues. Lastly, general surgeons must navigate intricate billing procedures for surgical interventions, and errors in posting can lead to revenue loss and administrative inefficiencies. In summary, for these specialties, precise posting is pivotal to ensure financial stability, compliance with regulations, and uninterrupted patient care.
- Ambulatory Services
- Cosmetic Surgery
- Dental Sleep
- Dentistry (Frenectomies)
- Family Practitioners
- Fertility Specialists
- General Surgery
- Hormone Replacement
- Mental Health
- Occupational Therapy
- Orthotics & Prosthetics
- Pain Management
- Physical Therapy
- Physician Practices
- Speech Therapy
- Urgent Care
Why choose Millenium Medical Billing for posting service?
Frequently Asked Questions
Why outsource your billing to a Medical Billing Company?
Medical Billing regulations tend to be complex and are ever changing. MMB stays up to date on the latest rules and requirements in order to maintain maximum reimbursement. Outsourcing your medical billing provides you more time to concentrate on your patients and practice.
Is there a contract?
There is no time binding contract you are free to cancel at any time.
How is the information transferred from your practice to MMB?
MMB utilizes any method convenient for your practice. For example: mail or courier service, fax, email or web based programs
When is billing submitted?
Billing is submitted within 24 hours.
Is there an initial set up cost?
No, there is no initial set up fee required.
What is the turnaround time on claims?
Turnaround time can be as quick as two weeks for electronic claims.
What is the cost for our services?
MMB charges a percentage based on what is collected each month. An invoice is sent to the client at the end of every month. Our fees are competitively priced and vary based on the size of your practice, and the scope of services provided.
Can MMB facilitate out of state contracts?
Yes, we absolutely can & we do! Our clients are located through out the Unites States.
Can MMB furnish references?
Yes, we absolutely can upon request.