What are posted payments in a medical billing context?

In a medical billing context, posted payments refer to payments that have been received from patients or insurance companies and have been processed in the billing system. This means that the payment has been documented in the patient's account, and the amount has been credited appropriately. Posting payments is an essential step in the revenue cycle management process as it updates account balances, tracks payment history, and impacts financial reporting for the medical practice.

The other options describe different aspects of the billing process but do not accurately define posted payments. Rejected payments pertain to those that cannot be processed, outstanding payments are those that have not yet been received, and payments for denied claims refer to amounts that have been refused by the insurance due to various reasons, which also doesn't signify that they have been successfully processed. Therefore, the understanding of posted payments is crucial for accurate accounting and financial management in healthcare scenarios.