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Payment posting is where the insurance company pays the claim that was submitted, and then once the facility receives payment, they can post the payment
Payment posting is where the insurance company pays the claim that was submitted, and then once the facility receives payment, they can post the payment to the open accounts receivable. This posting:
A. | reduces accounts receivable. | |
B. | increases the cash account. | |
C. | allows the biller to write off any nonpayment or short payment. | |
D. | both reduces accounts receivable and increases the cash account. | |
E. | None of these is correct. |
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