Other RCM Services
- Accounts Receivable
- Appeals
- AR Run Down And Recovery Audit
- Chronic Care Management
- Claims Submission – Work Edits & Rejection
- Coding Denial Management Services
- Complete Practice Analysis
- Contracts Negotiation
- Credit Balance Services
- Denial Management Services
- Document Management Services
- DRG
- EHR Support
- Eligibility & Benefits Verification
A sound revenue cycle is heavily reliant on the posting of payments accurately. Without correctly posting every payment, adjustment, and denial, your Accounts Receivable (A/R) will not reflect the "true" financial position of your organization.
iMagnum Healthcare uses as much automation for highly accurate medical payment posting as possible along with the validation of experts to speed up account reconciliation and provide full financial transparency to providers to help identify underpayment on claims and help decrease claim denials and remove revenue loss.
What is Payment Posting in Medical Billing?
The payment posting (cash posting in medical billing) involves recording any payment that has been received from either an insurance company or patient in the provider’s billing system.
This includes:
- Posting Electronic Remittance Advice (ERA)
- Processing Explanation of Benefits (EOB)
- Applying contractual adjustments
- Identifying denials using CARC and RARC codes
- Reconciling payments with bank deposits
Timely and accurate ERA and EOB posting services make your accounts receivable services dependable, tax-compliant and can withstand an audit.
Our Intelligent Payment Posting Workflow
Fast forward to our 2026-ready payment posting workflow which integrates human skills with automated processes and machine learning, to guarantee precision throughout the entire payments posting process.
ERA & EOB
Data Capture
AI-Powered
Validation
Intelligent
Cash Posting
Automated
Adjustments
& Transfers
Proactive Denial
Identification
ERA and EOB Posting Services
We provide a comprehensive service from start to finish for all payments posted electronically, as well as those which are manually posted:
Services for ERAs
Electronic Remittance Advice- Automated handling of bulk statement files seamlessly.
- AI & written workflows configured to handle core exceptions instantly.
- Validation & matching of physical/digital bank deposits to system remittance data.
Services for EOBs
Posted Manually via OCR / Hand Assist- Advanced OCR engine integration to convert scanned EOB data structures.
- Subject matter expert audits to double check scanned output fields.
- Highly precise posting engine execution on complex multiline items.
- Full claim assistance across related secondary and tertiary medical claims.
iMagnum’s Advanced Automation Technology for Payment Posting
Robotic Process Automation (RPA)
iMagnum's Robotic Process Automation (IPA) is a combination of automation and cognitive capabilities. The system uses logic and reasoning to automatically process payments, identify denials, apply adjustments, and follow client-specific rules for billing in order to ensure that all postings are completed accurately and efficiently.
Optical Character Recognition (OCR)
iMagnum's Optical Character Recognition (OCR) technology allows for seamless processing of electronically scanned or printed EOBs (Explanation of Benefits), PDFs, and documents from payers. Through the OCR process, unstructured documents are converted into machine-readable format, and all of the relevant information is automatically mapped to the correct billing and accounting fields eliminating the need for manual data entry and reducing processing time.
Why Choose iMagnum for Payment Posting Services?
- Automated AI through manual intervention
- 99% accuracy in Medical Payments
- End-to-end service for ERAs and EOBs
- Integrated denial management intelligence.
Ready to solve your revenue problems?
If you want to stop losing out on revenues, find out how iMagnum's AI-enriched experts can make your payment posting a competitive edge.
FAQ
Our More Services
- Under Paid Claims Audit
- Accounts Receivable
- Appeals
- AR Run Down And Recovery Audit
- Charge Entry
- Revenue Cycle Analytics
- Claims Submission – Work Edits & Rejection
- Contracts Negotiation
- Credit Balance Services
- Denial Management Services
- Document Management Services
- Home Health Coding
- Eligibility & Benefits Verification
- Payment Posting Services
Before working with iMagnum Healthcare, our payment posting process was slow and error-prone. We often found discrepancies months later. Since switching to their Payment Posting Services, our turnaround time has dropped by 40%, and reconciliations are now accurate to the penny. This has given us a clearer picture of our cash flow and reduced patient disputes dramatically.
Finance Director
from CaliforniaManaging a busy multi-specialty clinic means payments from multiple insurers, patients, and third parties arriving daily. We used to spend hours just trying to match deposits with claims. iMagnum’s Payment Posting Services completely transformed this. They reconcile every payment quickly, apply adjustments accurately, and even flag underpayments for follow-up. It’s taken a huge burden off our in-house staff.
Practice Owner
from AtlantaAs a billing manager for a mid-size hospital, accuracy in payment posting is non-negotiable. iMagnum’s team ensures every EOB and ERA is posted on time, with unmatched attention to detail. Their process has improved our revenue tracking and allowed us to catch payer errors immediately.
Billing Manager
from CaliforniaSince partnering with iMagnum Healthcare, our payment posting error rate has gone from 8% to under 1%. The impact on our accounts receivable days has been incredible - we’ve shaved off nearly two weeks, improving our cash flow and reducing write-offs. iMagnum’s Payment Posting Services completely transformed this. They reconcile every payment quickly, apply adjustments accurately, and even flag underpayments for follow-up. It’s taken a huge burden off our in-house staff.
CFO
from AtlantaAccurate payment posting isn’t just about numbers — it affects patient trust. With iMagnum handling the process, we’ve eliminated billing confusion for patients, leading to better satisfaction scores and fewer complaint calls.