At True Claim Partner, we recognize that proper payment posting is an essential component of a robust and steady revenue cycle and it goes beyond simple back office work. Our expert staff precisely handles insurance payments, patient payments and denials to keep your medical business solvent and in compliance. In the USA we provide unparalleled accuracy, speed and transparency to hospitals, clinics and medical practices.
For revenue cycle management to be effective, payment posting is essential. Payer behaviour is better understood, reimbursement trends are clearly depicted and collection gaps are identified. A little posting error might lead to billing errors, money misallocations and delayed collections. Thus, it is crucial to have a reliable partner like True Claim Partner to guarantee quick financial decisions, accurate reporting, and peace of mind.
We follow a streamlined and client specific process to ensure every dollar is accurately accounted for
At the moment of service we accept cash, credit card and cheque payments. Our staff properly posts co-pays, deductibles and non covered treatments to each patient's account depending on the information they receive.
Electronic Remittance Advice (ERA): We get electronic remittance advice (ERAs) in large quantities which we then input into your practice management system. Our staff checks, balances batch totals and fixes any processing errors.
Manual EOB Posting: We handle scanned Explanations of Benefits from insurance companies and adhere to client-specific guidelines for secondary billing, write offs and balance transfers.
We use ANSI standards and payer-specific codes to post and classify all denials. To reduce income leakage our staff spots patterns and forwards the claims for remedial action such as resubmission, appeals, balance transfers or write-offs.
TCP proudly works with a wide range of healthcare providers, including:
We offer end to end solutions that cover everything from initial data entry to final claim submission.
First we meticulously input the insurance information and personal information of every patient into your billing system. The patient's entire name, birthdate, policy number, insurance company and contact details are all included in this. Our professionals verify everything twice to ensure that the data is correct and comprehensive right from the beginning.
The main billing data associated with the patient's visit is then entered. Details including the name of the healthcare practitioner, the date of service the services rendered and the total amount invoiced are included.
After the billing information is available, we use CPT, ICD-10 and HCPCS guidelines to assign the appropriate operation and diagnostic codes. To ensure that the codes accurately reflect the services rendered our skilled billing specialists go above and beyond.
A patient can occasionally not have a record in your system yet. In that instance, we start over with a fresh patient account. Name, contact information, insurance information and if available, any previous visit history are all entered.
Our quality assurance team takes over once all of the charge entry data has been input. We do a multi level check to make sure all the information is correct, including codes, dates and patient details. Our objective is to remove mistakes prior to the submission of claims. This thorough audit maintains the efficiency of your revenue cycle and lowers claim denials.
Lastly, we electronically send your clean medical claim to the appropriate insurance carrier when the data has cleared all checks. We also monitor the submission to make sure there are no problems with its receipt. Your claims are handled more quickly because of our precise and rapid process which translates into you receiving payment sooner.
We know how important the time frame in medical billing is. In order to complete payment postings our team specializes in ensuring all billing is done within two days. Avoiding unnecessary stops ensures the cash flow keeps moving smoothly.
When making payments accuracy is the main element that matters. Due to our modern systems and trained professionals we achieve 99% accuracy. This results in lower financial reporting errors and ensuring proper matching of payments.
Our accounts receivable reports A/R are detailed and quite transparent. With these reports you are able to track outstanding balances and reimbursement trends thus managing your financial health. This enables better control over the income cycle.
Addressing denials in a timely manner is crucial. Our strategy involves examining the denial reasons immediately after receiving payment denial to ensure prompt clearance of backlogs and acceleration in revenue recovery.
As a healthcare provider our foremost priority is safeguarding sensitive information. We put strong measures in place to ensure every information is captured and disclosed in adherence to HIPAA compliance policies. With high level encryption and constant compliance audits, you can rest assured your data is always protected with us.
Outsourcing your payment posting to us will significantly reduce your internal costs. Your business can eliminate the need to hire new staff and incur additional hardware or software costs while maintaining high quality service resulting in a remarkable 50% operating cost reduction.
Based in the United States our staff consists of highly skilled billing specialists. We have years of practical expertise in a variety of medical specialities so you can count on us to manage your billing.
We modify our procedure to align with your workflow. We match your process with your internal systems, report format or billing software to ensure a seamless and interruption-free shift.
We employ modern techniques and technologies in invoicing to lower mistakes and increase dependability. Our sophisticated reconciliation techniques guarantee that each payment is posted accurately. This results in fewer errors and a more realistic financial view of your firm.
You won't ever have to wait for assistance. We pair your practice with a dedicated account manager and provide prompt assistance for any queries or issues you can have. Our staff is here to help you at all times and to promptly address any problems.
We provide affordable pricing structures to suit all sizes of practices. Our services can expand with your healthcare organization, whether it is a small clinic or a larger one. Furthermore only truthful and reasonably priced solutions are offered no long term agreements or hidden fees.
