Add an Insurance Payment Receipt

Insurance Payment Receipt helps capture vital transaction details that ensure payments are accurately processed. This information is integrated into the system for efficient payment posting and tracking.

Let's explore how to add a new Insurance Payment:

• Navigate to the System Menu > select Insurance Payments.

• Click + Add Insurance Payment on the top right.

• Select the Carrier from the drop-down list.

• Enter the Payment Amount.
• Select the Location, Payment Date, Deposit Date and Payment type for the intended Payment.

Tip:

• Location will be pre-populated based on the current location as displayed at the top right corner of the System Menu. To change the Location, select the intended location from the drop-down list. 
• Use the check or statement date as the Payment Date, following your practice’s guidelines.
• Once a carrier is selected, past payments will appear in the Carrier Details section on the right. If the Total No. of Payments is low, verify that the correct carrier is selected.

• In the Insurance Payment Flag field, use your practice's customized flags to enable users to identify or classify insurance payments.

Note: Practices typically use these flags for payments with issues, multiple claims, or chargebacks. Create customized flags in System Menu > Practice Settings > Payments & Billing > Insurance Payments > Insurance Payment Flags > Add/Edit > Save.

• Click Add Receipt and Apply or Add Receipt.

• The new payment will be listed on the left-hand side under the Insurance Payments tab.

Note: When you select the insurance receipt from the slider, the related Receipt will be displayed on the right.

Practices can use this simple guide to learn all about adding insurance payments.