Author Topic: Reconciling EOBs to deposits  (Read 385 times)

wpj371

  • Newbie
  • *
  • Posts: 6
Reconciling EOBs to deposits
« on: February 26, 2018, 06:50:26 AM »
Good morning all!  I am just getting started on my own, with a doctor that has been my employer previously.  He wants his office to do the deposits still.  What form of information are you guys getting, from your providers, in order to reconcile the payments you post against the practice's bank deposits?

Thanks,

William J.

Michele

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4914
    • Solutions Medical Billing
Re: Reconciling EOBs to deposits
« Reply #1 on: February 26, 2018, 02:08:35 PM »
We either get ERAs or copies of the EOBs. 
Sign Up for our FREE Medical Billing Newsletter
Get a 10% discount on Medical Billing Products by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com

wpj371

  • Newbie
  • *
  • Posts: 6
Re: Reconciling EOBs to deposits
« Reply #2 on: February 26, 2018, 08:06:45 PM »
I got that. What I meant is more the deposit end.  Do you get anything from the doctor showing what actually went to the bank? Is this even something you worry about? Michelle, I know you have mentioned before that you make deposits for some doctors, so obviously those are under control.

Michele

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 4914
    • Solutions Medical Billing
Re: Reconciling EOBs to deposits
« Reply #3 on: February 27, 2018, 09:41:35 AM »
No I don't worry about what goes to the bank.  As long as the provider received the check, that is all that affects us.  Occasionally we have a provider that tells us they lost a check and we call to have it reissued, but our concern is that the payment made it to the provider.
Sign Up for our FREE Medical Billing Newsletter
Get a 10% discount on Medical Billing Products by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com

PMRNC

  • Hero Member
  • *****
  • Posts: 4338
    • One Stop Resources & Networking for Medical Billers
Re: Reconciling EOBs to deposits
« Reply #4 on: March 01, 2018, 10:59:15 AM »
Quote
I got that. What I meant is more the deposit end.  Do you get anything from the doctor showing what actually went to the bank? Is this even something you worry about? Michelle, I know you have mentioned before that you make deposits for some doctors, so obviously those are under control.

I do reconciliation, the client's forward over their deposit slips weekly. I like this as it keeps both of us accountable and all numbers match up. When I wasn't doing it years ago it prompted so many questions after month end reports were sent out that it seemed just logical to do this for them. 
Linda Walker
Practice Managers Resource & Networking Community
One Stop Resources, Education and Networking for Medical Billers
www.billerswebsite.com