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Charge or Payment Posting

Automating charge or payment posting can offer several benefits. Firstly, automation can increase operational efficiency by reducing the time and effort required to manually process charges or payments to patient accounts. By automating the process, the bot can quickly identify the relevant accounts to post the charges or payments, minimizing errors and speeding up the overall process. Secondly, automation can enhance the accuracy and consistency of financial records by using predefined criteria and rules for charge or payment posting. This can minimize discrepancies caused by manual processing and ensure accurate financial records. Lastly, automation can provide real-time visibility into the financial status of patient accounts, allowing for more effective revenue cycle management. Overall, automating charge or payment posting can save time and resources, while improving accuracy and consistency in financial operations.

Function:

Revenue Cycle Management

All

Steps

  1. Data Extraction: The bot extracts the necessary data, such as patient demographics, medical codes, and payment information from various sources, including electronic health records, insurance portals, and payment processors.
  2. Data Pre-processing: The bot pre-processes the extracted data to ensure it is accurate, complete, and in the right format for processing.
  3. Charge or Payment Identification: The bot identifies the relevant charges or payments for each patient based on the extracted data and predefined criteria.
  4. Posting: The bot posts the identified charges or payments to the appropriate patient accounts within the software. This can include updating account balances, generating invoices, or recording payment transactions.
  5. Reconciliation: The bot reconciles the posted charges or payments with the source data to ensure accuracy and consistency. Any discrepancies are flagged for review and resolution.
  6. Reporting: The bot generates reports to provide real-time visibility into the financial status of patient accounts, including account balances, payment history, and outstanding balances. This information can be used for revenue cycle management and financial analysis.

Popular Applications

Our services are not limited to these applications. This bot is available for any cloud based application.

Epic

Epic
Epic

MedEZ

MedEZ
MedEZ

Meditech Expanse

Meditech Expanse
Meditech Expanse

Cerner

Cerner
Cerner

Kareo

Kareo
Kareo

NextGen

NextGen
NextGen

QGenda

QGenda
QGenda

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