Gathering this information requires billers to review patients' medical charts and insurance plans to verify coverage of services. They then generate medical claims, check for accuracy, and submit claims to payers. Once payers approve the claims, the claims are returned to billers with the amount payers agreed to pay.

At its core, payment posting is the process of generating as much visibility as possible into your practice's revenue cycle management. It means that you have taken meaningful steps to: Track and account for all services that are being provided to patients. Accurately submit associated claims to insurance providers.

The medical billing reports will provide you with accurate information about the health of your practice, saving you money and allowing you to free up your clinical staff and resources to serve your patients better.