Insurance Posting Gets an Upgrade

Do you find that at the end of the day your Day Sheet is off a few dollars? Does it get tedious to try and find that error?

Sometimes, the problem is hidden in those larger insurance payments because they have multiple patients within that single payment.

Previous versions of KIP helped you track this but you had to enter the check number and then print a report to view the total of payments.

Now, KIP helps to proof payment posting in real time.

First, you enter the total amount of the insurance check. This can be done on-the-fly while entering a payment simply by clicking the plus (+) sign at the bottom of the list.

Note that only Medicare payments are showing up on the Electronic Deposits list.
The list automatically selects the right type of insurance for each patient.
Select your check (or electronic deposit) in the list, and enter the payment as usual.
As you enter each payment, the amount remaining to post automatically decreases. When you get to the last item to post, the paid amount should match exactly the amount remaining to post. If, when you get to the last payment, the paid amount does not equal the amount remaining to post, you know you had an error on the current check you are posting.
And, at the end of the day, if your Day Sheet doesn’t match your deposits, you’ll know your insurance payments are correct.

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We are Knowledge is Power, Inc. (also known as KIP). Knowledge is Power, Inc. was first formed in 1989. We were one of the first to bring the price of power computing within reason. Over the years, we have learned a lot about your business, and your needs. We applied this knowledge to make the best system even better. The result: today’s KIP MediWeb™ is more than just an efficient way to move claims. It’s a solution so powerful that it will forever change your view of computing.


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