How to Account for a Medicare Pre-Payment

How to Account for a Medicare Pre-Payment

DO YOU HAVE QUESTIONS ABOUT HOW TO ACCOUNT FOR A MEDICARE PRE-PAYMENT?

By Christine Schneider, Vice President

Do you have questions about how to account for a Medicare pre-payment? Read below for some helpful tips.

Create a Medicare Invoice

The best way to account for a Medicare pre-payment in RevolutionEHR is to create a Medicare invoice (inside of a dummy patient) and apply that payment to the invoice to generate an invoice credit.

Create a Medicare Invoice

Process EOB as Normal, But Apply Same Total as a Negative Amount to the Credit Invoice.

As Medicare begins its recoupment process, you will process your EOB like normal, then apply the same total as a negative amount to the credit invoice. This will account for the “who” and “what” inside of the payment and also in your accounting records.

Process EOB as Normal, But Apply Same Total as a Negative Amount to the Credit Invoice - Step 1 Process EOB as Normal, But Apply Same Total as a Negative Amount to the Credit Invoice - Step 2

 

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