Payment Posting
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Payment Posting Service Overview
At VerifyBite, we understand the critical importance of efficient payment posting for dental practices. Our Payment Posting Service is designed to streamline the payment reconciliation process, ensuring accurate and timely posting of insurance payments. With our experienced team and advanced technology, we help you manage your revenue effectively, reduce payment discrepancies, and enhance overall financial performance.
Key Features of Our Payment Posting Service
Experienced
Payment Posting Specialists
Our team comprises skilled payment posting specialists with extensive experience handling payments. They are well-versed in various payment types, including insurance reimbursements and electronic fund transfers.
Accurate
Payment Allocation
We meticulously allocate each payment to the corresponding patient’s account, ensuring precision in tracking outstanding balances and preventing payment misallocations
Timely Payment
Reconciliation
Our efficient payment posting process ensures that payments are reconciled promptly, reducing the time it takes for funds to be applied to patient accounts.
Electronic Remittance Advice (ERA) Processing
We leverage electronic remittance advice to expedite the payment posting process. This technology allows for quicker access to detailed payment information and faster reconciliation.
Frequently Asked Question
Unfortunately this is still a human to human process and humans make mistakes. While we obtain a lot of information electronically, we still need to speak to a live agent. We have often found that there are significant discrepancies between the information we receive through software (APIs), insurance portals, and speaking to a live agent. While the Verifybite team does it's best to unify this accurately, the system inherently is far from perfect. It is near impossible to guarantee 100% accuracy and we definitely hope that one day we will get there
Unfortunately such a world doesn't exist. Different insurance carriers provide different quantity and quality of data. We fetch the data through multiple different sources and provide to you in a standardized format. What's more, the data and the information is integrated with the 3 most common practice management softwares - OpenDental, EagleSoft, and Dentrix
Our turnaround time varies. It also depends on how quickly you need it done by. We split any verification requests (tickets) in two categories - 1. Emergency: If it's needed today or next business day 2. Non-emergency: Everything else. Our turn around time for emergency tickets is before and up to the patient's appointment time and for non-emergency tickets, it's latest 24 hours prior to the appointment. NOTE: We recommend that you send us tickets 1-2 weeks in advance as best practice
Monday-Friday: 9am-6pm CST Saturday: Closed Sunday: Closed
