System and method for retrieving and processing electronically posted medical provider payments

A medical payment processing system, comprising:

• a posting application, said posting application being a software application used to retrieve over a network and parse electronically posted medical payment information from a posting location holding said medical payment information;
• a medical provider storage medium holding medical billing information for a medical provider;
• and
• a storage medium holding parsed medical payment information, said parsed medical payment information being stored by said posting application.

In a network with at least one posting location, and an electronic device operated by a medical provider, a method comprising the steps of:

• programmatically retrieving posted medical payment information from said posting location using a posting application, said posting application accessible over said network,
• parsing the retrieved medical payment information into a pre-determined format;
• determining as the result of said parsing that said medical payment information includes at least a partial denial of claimed services;
• storing said parsed medical payment information in storage accessible over said network;
• programmatically converting the stored parsed medical payment information into a format requested by said medical provider;
• and
• updating the billing records of said medical provider using said medical payment information.

In a network with at least one posting location, said posting location being a location accessible over said network which holds medical carrier electronic payment information, and an electronic device operated by a medical provider, a medium holding computer-executable steps for a method, said method comprising the steps of:

• programmatically retrieving medical payment information from a posting location using a posting application, said posting application accessible over said network;
• parsing the retrieved payment information into a pre-determined format;
• and
• storing said parsed payment information in storage accessible over said network.