Accounting help

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baybridge88
Posts: 23
Joined: Sun Jul 12, 2015 6:30 pm

Accounting help

Post by baybridge88 » Wed Feb 17, 2016 2:44 pm

:( I'm using Medisoft Professional 19 SP1
How do I review annual payments from each insurance payers, to make sure that the payment sum from any particular insurance payer match with the amount that that insurance payer reported to IRS? Thanks.

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Gavin Walker
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Location: Springfield, MO
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Re: Accounting help

Post by Gavin Walker » Wed Feb 17, 2016 4:26 pm

One way to do this would be to setup a payment code for each insurance that you want to track this. For example you can use - "IPMCD" for your Medicaid payments. Then when you run Practice Analysis for the year, all those Medicaid payments will appear totaled on one line.
Gavin Walker
Walker Tek Solutions, LLC
417-890-6777 x0
fax: 417-763-6386

baybridge88
Posts: 23
Joined: Sun Jul 12, 2015 6:30 pm

Re: Accounting help

Post by baybridge88 » Thu Feb 18, 2016 12:24 pm

Thanks for the prompt reply Gavin. I'll see if I can do that.
One surprising thing to me is that this question is not addressed previously in the forum, not is it configured into Medisoft (not to my knowledge). Am I the only one who feel the need to verify the payments by insurance payers and the amounts reported to IRS?

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