After an insurance claim has been processed, an EOB or electronic remittance advice is generated that describes the benefits that have been paid or denied for a medical procedure or claim. Vee Healthtek’s team of experienced payment posters possesses an incredible ability to decipher payer remittance, contracts, and payer trends, which enables them to preserve the integrity of the financial data and accurately distinguish how to proceed with the claim.
Whether the payment was received through electronic or paper format, the information is analyzed, appropriate steps are taken, and the payments or next steps are posted in the clients’ medical billing system accurately and thoroughly.
With a highly analytical approach, Vee Healthtek deciphers the data to identify underpayments, overpayments, and denials. Insurance payments and patient payments are applied accordingly to capture true patient balances. Our methods are accurate, efficient, and cost-effective.