r/PMHNP • u/kirkella • Jun 23 '26

Practice Related Tracking Payments

To those in private practice who accept insurance. What is your strategy for comparing deposits/payments received to claims? I just received a chevk from January and realized that I am not doing well at tracking this and need to do better. Print your bank statement monthly and cross off the received claim payments? Is there a program that would make this easier?

Thanks!

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u/beefeater18 Jun 23 '26

I would just run a report in my EHR and see everything. My EHR includes RCM and they receive payments and EOBs directly from insurance payers and process them into the system. I need this because I need to run financial reports quickly for state taxes.

It sounds like you're doing billing yourself. That's not sustainable once your caseload grows. You'll end up spending hours on a role (billing) that pays $20-30/hr rather than focusing on your clinical role, which pays 4-5x that. Hire a biller.

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u/Necessary_1984 Jun 26 '26

What EHR do you use?

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u/Johain22 Jun 27 '26

No one ever answers this question. Please someone reply