Payment Posting Services & Reconciliation
Your Payments, Verified.
Don’t let the final step of your revenue cycle be a blind spot. I-Conic Solutions’ payment posting services ensure financial accuracy and turn every transaction into valuable data, protecting your revenue cycle.
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.
Payment Posting
Our Value
Payment Posting & Reconciliation
I-Conic Solutions
We verify that every payment amount aligns with your specific payer contracts. This ensures you are not being underpaid for your services.
We identify when a claim is inappropriately denied, flagging it for our AR team to challenge the payer’s decision.
If we identify a processing error by the payer, we take swift, targeted action to correct it and recover the revenue.
We analyze payment data to spot patterns in underpayments or denials, providing you with the insights to address systemic payer issues.
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.
Our
Frequently
Payment posting is the process of recording insurance and patient payments in the billing system to ensure accurate account reconciliation.
A skilled external billing team receives ERA/EOB data, posts payments in the practice system, reconciles accounts, and manages discrepancies on your behalf.
By following HIPAA standards, encrypted systems, access controls, and strict PHI compliance protocols.
Pricing is typically based on volume, specialty, and service scope with flexible per-FTE or transaction-based models.
By verifying every payment against ERA/EOBs, maintaining audit checkpoints, and staying aligned with payer updates and billing guidelines.
Rejected and denied payments are flagged, corrected with supporting documents, and resubmitted for reimbursement after root-cause analysis.
