Payment Posting & Reconciliation Services

Payment Posting & Reconciliation Services

Your Payments, Verified.

Don’t let the final step of your revenue cycle be a blind spot. Our advanced payment posting services go beyond data entry, ensuring financial accuracy and turning every transaction into a valuable piece of data that protects and enhances your revenue.

Step Into Smarter RCM with I-Conic Solutions


The Cost of

Medical practices lose $40,000 annually due to payment posting errors, with 23% experiencing daily reconciliation discrepancies. Manual posting leads to 15% more billing errors while practices spend hours tracking missing payments and insurance underpayments. I-Conic Solutions streamlines your payment posting and reconciliation process, ensuring accurate financial tracking and maximized revenue capture.

Service

Accurate ERA Processing
We handle every Electronic Remittance Advice (ERA), ensuring that all payments and adjustments are recorded correctly and without error. This is the foundation of flawless payment posting in medical billing.
Comprehensive EOB Reconciliation
Our team performs in-depth reconciliation of all Explanation of Benefits (EOBs), ensuring every detail of the payment is verified against the original claim.
Advanced Discrepancy Resolution
We don't just post payments; we audit them. Our process is built to identify and swiftly resolve any discrepancies between the payment received and the contracted amount.
Real-Time Financial Reporting
We provide continuous, transparent reporting that gives you a clear and up-to-date view of your practice's financial position.
Scalable Integration
Our services are designed to seamlessly integrate with your existing systems, providing a flexible solution that grows with your practice.

Our Value

Superior Accuracy
Our multi-layered verification process ensures the highest level of data integrity, eliminating manual errors and preventing future billing issues.
Enhanced Cash Flow
We process payments swiftly and accurately to reduce days in AR, ensuring a consistent flow of revenue for your practice.
Operational Excellence
Outsourcing this task allows your team to focus on patient care, while our specialists deliver a streamlined and efficient process.
Robust Financial Oversight
Gain a deeper understanding of your finances, including payment trends, to make smarter business decisions.
Contact Our RCM Team

Payment Posting & Reconciliation

Step 1: Posting Payments & Cash Posting
We handle all forms of posting payments with speed and accuracy, including patient cash posting, to keep your financial records current.
Step 2: Charge Posting in Medical Billing
Our team ensures every payment is linked to the original charges, maintaining a clear and auditable record.
Step 3: Automated Remittance Reconciliation
Advanced automated remittance reconciliation tools for third-party payments and a real-time audit are key to a frictionless insurance payment reconciliation process.

How I-Conic Solutions Payment Processing Services

Verifying payment according to contractual obligations

We verify that every payment amount aligns with your specific payer contracts. This ensures you are not being underpaid for your services.

Verifying incorrect claims denials

We identify when a claim is inappropriately denied, flagging it for our AR team to challenge the payer’s decision.

Rectifying Inaccurate Insurance Payments

If we identify a processing error by the payer, we take swift, targeted action to correct it and recover the revenue.

Identifying Payer Issues

We analyze payment data to spot patterns in underpayments or denials, providing you with the insights to address systemic payer issues.

Ensuring error-free payment posting

Our rigorous process, backed by expert oversight and technology, guarantees error-free payment posting, ensuring the integrity of your financial records.

Outcomes

Metric Before ICS After ICS Improvement
Payment Posting Accuracy 94% 99.90% 5.90%
Turnaround Time (from ERA/EOB receipt) 3–5 days 24–48 hours 50–70% faster
Payment Discrepancy Rate 8% <2% 75% reduction
Bank Reconciliation Completion Time Weekly Daily 6× faster
Denied Claim Identification Time 7–10 days 1–2 days 80% faster
Cash Flow Predictability Low High Improved forecasting accuracy by 40%

Take the First Step with I-Conic Solutions

Your revenue cycle deserves more than just management; it deserves transformation.

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