After an insurance claim has processed, an EOB or electronic remittance advice is generated that describes the benefits that have been paid or denied for a medical procedure or claim. Vee Technologies’ team of experienced payment posters possess an incredible ability to decipher payer remittance, contracts and payer trends, which enables them to preserve the integrity of the financial data and accurately distinguish how to proceed with the claim.
Whether the payment was received through electronic or paper format, the information is analyzed, appropriate steps are taken, and the payments or next steps are posted in the clients’ medical billing system accurately and thoroughly.
Through an analytical approach, we decipher the data to identify underpayments, overpayments and denials. Insurance payments and patient payments are applied accordingly to capture true patient balances. Our methods are accurate, efficient and cost-effective.
Our payment posting services include:
- Verification of payment according to contractual obligations
- Verification of incorrect claims denials
- Immediate action taken to rectify inaccurate, processed insurance payments
- Identification and verification of trends that affect large numbers of claims to rectify payer issues
- Accurate and error free payment posting