Payment Posting

Payment posting is the process of recording payments received from patients or insurance companies into a healthcare provider’s billing system. It involves updating the patient’s account to reflect the amount paid, whether by cash, check, credit card, or insurance. This helps ensure the patient's account is accurate and up-to-date, facilitating correct billing, account management, and financial reporting. Proper payment posting also makes it easier to identify outstanding balances, process insurance reimbursements, and maintain clear financial records for the healthcare practice.