Payment posting processing
Payment posting is a crucial aspect of healthcare and financial systems, involving the accurate recording and reconciliation of payments received from various sources. For the dynamic moves required in payment processing, RND OptimizAR patient centric plays a crucial role in implementing tech friendly solutions to streamline and optimize the payment posting process. Our medical billing back office teams, understand the particulars of payment reconciliation and aim to simplify this intricate task for our clients.
Accuracy and efficiency:
RND OptimizAR's payment posting solutions significantly enhance accuracy by automating mundane tasks, reducing the risk of human error. This efficiency leads to faster processing times and improved financial reconciliation.
Cost-effectiveness:
By automating labour-intensive payment posting tasks, organizations can realize cost savings. RND OptimizAR's solutions contribute to a more streamlined workflow, allowing staff to focus on higher-value tasks.
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Customization:
RND OptimizAR understands that every organization has unique requirements. Our payment posting solutions are highly customizable, ensuring they align seamlessly with existing systems and workflows.
Compliance and security:
In the ever-changing landscape of healthcare and financial regulations, RND OptimizAR ensures that its payment posting solutions adhere to the latest compliance standards. Additionally, robust security measures are in place to safeguard sensitive financial data.
Real-time visibility:
RND OptimizAR's payment posting solutions provide real-time visibility into financial transactions, empowering organizations with actionable insights for strategic decision-making.
Merchant services
With our advanced point of sale (POS) solutions, we bring convenience to your business transactions. Whether you operate online or have a physical store, our modified merchant services provide reliable and secure payment solutions. Revolutionize your revenue cycle management (RCM) with our cutting-edge merchant services. Our comprehensive payment processing services guarantee a seamless financial transaction experience. Trust us to handle your merchant account precisely, ensuring secure and efficient credit card processing. Experience the ease of handling credit card processing and online payments with our dedicated services, contributing to a robust financial workflow for your business.
Payment gateway
As an industry opener, our online payment gateway ensures secure transactions for seamless e-commerce payments. Trust us to provide a reliable and efficient payment processing gateway, facilitating digital payment solutions adapted to meet the unique needs of your business. Our secure gateway integrates seamlessly into your revenue cycle management (RCM) strategy, whether handling online transactions or managing digital payments. Transform your experience of ensuring security and efficiency of your digital payment solutions, contributing to a robust and streamlined financial workflow for your business.
Online payments
Optimize your revenue cycle management (RCM) with the future of digital payments with our secure and efficient platform, customized for seamless e-commerce transactions. We prioritize the safety of online payments, providing a range of secure online payment methods to meet the diverse needs of your business. Trust us to handle electronic funds transfers precisely, ensuring a reliable and hassle-free financial transaction experience. Whether you're managing e-commerce transactions or facilitating digital payments, our dedicated services seamlessly integrate into your revenue cycle management (RCM).
Transaction processing
Experience the speed and efficiency of real-time transactions as our cutting-edge financial transaction systems handle each billing & payment with precision. Trust us to provide seamless transaction verification, ensuring the accuracy and security of every financial transaction. Whether dealing with payment processing or managing complex financial transactions, our dedicated services integrate seamlessly into your revenue cycle management (RCM) strategy. Experience the ease of managing transactions with our dedicated services, designed to meet the unique needs of your healthcare revenue cycle management business.
Secure payment methods
Secure your revenue cycle management process with our advanced solutions for payment security. We prioritize the safety of your financial transactions by implementing robust encryption methods, ensuring secure transactions at every step. We can handle payment security precisely, incorporating cutting-edge fraud prevention measures to safeguard your transactions. Our innovative tokenization techniques add a layer of protection, providing peace of mind in an ever-evolving digital background. Whether dealing with online transactions or day-to-day financial activities, our secure payment methods seamlessly integrate into your revenue cycle management (RCM) strategy. Rely us for a transformative experience that prioritizes the security and integrity of your financial transactions, offering a reliable solution.
Accuracy and timelines
Precision is the principal in Payment Posting. Efficient systems ensure that payments are accurately recorded and promptly updated in the patient's financial record.
Verification and cross-checking
Payment Posting involves verifying the received payments against the billed amounts. Any discrepancies must be identified and rectified promptly to maintain financial transparency.
Adjudication and denial management
Payment Posting includes the critical task of adjudication for insurance payments—interpreting the insurance company's decision on the claim. Managing denials effectively is crucial to optimize reimbursement.
Cash flow optimization
Timely and accurate Payment Posting accelerates the revenue cycle, enhancing cash flow for healthcare providers. This, in turn, allows for improved financial stability and operational efficiency.
Reducing accounts receivable (AR) days
Efficient Payment Posting reduces accounts receivable days by promptly closing outpatient accounts. This shortens the time between service delivery and revenue realization.
Enhancing financial transparency
Accurate Payment Posting fosters transparency in financial reporting, enabling healthcare organizations to make informed decisions based on real-time economic data.
Mitigating compliance risks
Adherence to regulatory and compliance standards is paramount in healthcare. Proper Payment Posting practices help mitigate compliance risks by ensuring accurate reporting and adherence to billing regulations.
RND OptimizAR stands as a trusted partner in revolutionizing payment posting processes. With a focus on innovation, accuracy and client satisfaction, we continue to be at the forefront of delivering cutting-edge solutions that transform the way organizations manage their financial transactions.
Choose RND OptimizAR for unparalleled expertise in payment posting and accurate payment reconciliation process. Start now with a 30day free trial!
Get Free TrialWhy should I outsource to RND OptimizAR?
By outsourcing to RND OptimizAR, you will experience an immediate reduction of up to 60% in your manpower costs. We provide staff to take care of your front end and backend operations. This will enable you to focus on growing your business without having to worry about increasing operational costs, employee attrition, etc.
What are the services you offer?
We offer entire Revenue Cycle Management - a few of them being, data entry, insurance verification, authorization, Doctor's office followup, intake, order processing, billing, denial management, payment posting, inbound and outbound patient calling, 24 x 7 customer support, scheduling processes etc.
Do you have experience of working in the healthcare industry?
Yes, we have more than 22 years of experience working in the US healthcare industry. We have been providing medical transcription services to hospitals across the United States since 1999 and DME/Home care back office services since 2012.
What is your on-boarding period for a new employee/customer?
Anywhere between 1 to 14 days.
What would be the FTE's working hours?
The FTE would work the US working hours, in the time zone of your choice.
Is the contract obligatory? Is there a minimum or maximum contract period?
Yes, but it is a no-obligations contract and is non-binding and there is no minimum contract period. The contract simply states that the two companies are entering into a partnership for the providing and receiving services. You can terminate the contract if you are not satisfied with the services. A notice period of 1 month is appreciated but not mandatory.
Are you HIPAA compliant?
Yes, we are certified for HIPAA and Information Security Management Systems.
Is there any contract to be signed before getting started?
No, the contract is not obligatory and there is no minimum contract period. The contract simply states that the two companies are entering into a partnership for the providing and receiving services. You can terminate the contract if you are not satisfied with the services. A notice period of 1 month is appreciated but not mandatory.
Do you follow FTE based billing or percentage of revenue generated billing?
We follow an FTE-based billing. One FTE (full time employee) works 8 hours a day, 5 days a week - a total of 40 hours a week.
How will I be billed?
You will be sent an invoice each month mentioning the number of FTEs agreed upon and the services provided.
How can I make payments?
You can make payments through PayPal using your credit card or make a wire transfer.
Are the FTEs your own employees or do you subcontract to other smaller companies?
All our FTEs are employees of RND OptimizAR and are dedicated to each client, the agent will not be shared with other clients
Where are you located?
We are located in Southern part of India.
Do you follow US holidays or local?
Yes, We follow US holidays.
Are You Certified?
Yes we are one ISO 9001, ISO 27001, HIPPA and SOC2 Certificates.
Have Project on your Mind? Drop your Details here
Use our contact form for all information requests or contact us directly using the contact information below. All information is treated with complete confidentiality and in accordance with our data protection statement
INDIA
274/4, Anna Private Industrial Estate, Vilankuruchi Road, Coimbatore, Tamil Nadu 641035.
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USA
RND Softech INC,12909, Jess Pirtle Boulevard,Sugar Land, Texas 77478, United States
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