What is the procedure for posting fees for services on a patient account known as?

The procedure for posting fees for services on a patient account is known as Charge Posting. This process involves documenting the various charges associated with the services provided to a patient, ensuring that the financial transactions reflect what the patient has been billed for. Charge Posting is a critical step in the revenue cycle, as it lays the groundwork for subsequent billing processes, insurance claims, and patient statements.

Accurate Charge Posting is essential for maintaining the integrity of patient accounts and ensuring that healthcare providers receive appropriate reimbursement for their services. This step is pivotal in the overall management of healthcare revenue and in facilitating smooth transactions between providers, insurers, and patients.

While Payment Posting refers to the act of recording payments that patients or insurers have made towards their accounts, Billing Entry is related to the initial entry of charges or billable services into the patient's account. Procedure Posting, though a similar term, is less commonly used in the context of billing and revenue cycle management. Understanding these distinctions is important in the effective management of a healthcare organization’s financial processes.