Have you ever heard the term “Payment Posting” and want to know what is payment posting in medical billing? In simple words, a process of collecting and storing records of the healthcare organization's overall financial health is referred to as payment posting. These financial records contain information such as the payer's payments, receipts, reimbursement status, etc.
With payment processing, tracking and reviewing payers' financial status, claims, and denials through records becomes much easier. Without accuracy in maintaining the transactions & payments, healthcare organizations suffer losses. Thus, accurate payment posting is essential for generating revenue in medical organizations.