Payment Posting
MedixVA ensures accurate payment posting, reconciling payments with claims to optimize revenue cycle management and maintain financial transparency for healthcare providers.
Optimize Your RCM Cycle in Medical Billing with Medixva
Charge entry plays a crucial role in healthcare billing, directly impacting the reimbursement a provider receives from the insurance payer. A well-structured RCM cycle in medical billing starts with accurately capturing charges and coding them correctly to ensure smooth claim submissions and timely payments. This process must be handled by skilled professionals who are proficient in medical billing and coding, ensuring precision and compliance with industry standards.
The Significance of Charge Entry in RCM
Charge entry marks the initial phase of revenue cycle management in medical billing, beginning with the accurate recording of services provided to patients. These entries are then cross-verified with the fee schedule and appropriately coded before claims are generated and submitted to payers. Today, billing medical services is largely electronic, expediting claim processing and reducing errors.
During charge entry, it is essential to apply insurance coding accurately, ensuring all key details are correctly documented, including:
Date of Service (DOS)
Place of Service (POS)
Provider Information
CPT codes & Modifiers
Units Billed
Referring Physician Details
Facility Information
To minimize claim denials and rejections, each claim undergoes a thorough review before submission, particularly for compliance with Medicare audits and payer-specific guidelines. Proper handling of this step is crucial in avoiding unnecessary delays and revenue losses.
Why choose a medixva for Charge Entry?
A proficient medical billing and coding company ensures seamless charge entry, allowing healthcare providers to focus on patient care instead of administrative challenges. Our team of specialists is well-versed in the latest regulatory mandates, ensuring compliance and accuracy in claim submissions.
Our Comprehensive Charge Entry Process Includes:
Secure File Handling – Retrieving EOB (Explanation of Benefits) details from clients through a secure FTP portal.
File Allocation & Review – Our expert team downloads and verifies documents before processing.
Patient Demographics & Charge Entry – Entering key details such as patient account number, billed amount, allowed amount, adjustments, and payment information.
EOB Follow-up & AR Management – Addressing partial payments, conducting thorough investigations, and taking corrective actions.
Denial Management – Reviewing claim denials, identifying root causes, and implementing recovery strategies.
Revenue Audit & Client Feedback – Continuous monitoring and refinement based on client input to enhance process efficiency.
Maximize Your Compensations with Expert Charge Entry Services
By outsourcing charge entry to an experienced billing company, you can streamline your operations, reduce administrative burdens, and maximize revenue recovery. Our services are designed to provide accurate, efficient, and cost-effective solutions tailored to meet the evolving needs of healthcare providers.
Put an end to compensation challenges with our proven expertise in AR management, medical coding, and revenue cycle management in medical billing. Let’s transform your revenue cycle—contact us today for a no-obligation consultation!