Intuitive Design
Well designed transaction posting screens make input of financial transactions fast and easy. Post CPT charges, payments, adjustments, write-offs, and service charges for one or multiple accounts from the same screen, during the same posting cycle.
Proper totals and balancing procedures are in place to help with the day to day activities of posting and reconciliation.
Batches
User designated "batches" may be assigned to particular sets of transactions to help reconcile multiple patient EOB’s from Medicare or other carriers. After entry of the batch, a batch posting report may be reviewed and compared to the original EOB.
Minimum to Collect
A simplified Minimum To Collect inquiry page tab is available for use during transaction posting. This page shows the summary of every balance type (i.e. charges, payments, write-offs, etc.) as well as the pending amounts expected from the insurance carriers ultimately arriving at the "Minimum To Collect" balance. All insurance pending calculations and remaining deductible figures are taken into account during this computation.
The derivation of the minimum to collect figure may be explored by printing or displaying the "Balance Analysis Report" that is available from this same inquiry screen.
Balance Forward / Open Item
Each patient enrollment record may be established as "open item" or "Balance Forward". Balance forward patients are typically "cash payment" types, while open item patients permit reconciliation of charges on a charge and credit match-up basis.
Payment and Credit Posting
Payment and credit posting is made simple and easy with the streamlined payment posting options. During payment posting an "Explanation of Benefit" message may be attached to any line item. This helps communicate information to the patient on the next statement. "Applied Toward the Deductible" is a typical message used in these posting scenarios.
Write-Offs
Write-offs may be posted in the same manner as standard payments; however, one posting option permits the write-off to be posted at the same time as the payment. This is typically used to write-off amounts above the insurance allowed amount.
An "automatic write-off" feature also exists that uses pre-determined "allowed" amounts established in the insurance carrier record. This may also be specified by doctor. Any charge amount above the "allowed" amount will be written off during payment posting while providing a clean audit trail for the transaction set.
Overview |
Enrollment |
Coding |
Posting |
End-of-Day |
Statements / Superbill |
PowerView Inquiry
Messaging |
Claims |
Scheduler |
Reporting |
Statistics |
Mail / Merge |
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