You haven't searched anything yet.
A Payment Posting Specialist is responsible for accurately posting and reconciling payments received from patients, insurance companies, and other third-party payers for treatment
services. This role is critical in ensuring that payments are correctly applied to patient accounts, and that any discrepancies or errors are identified and corrected in a timely manner.
The job responsibilities of a Payment Posting Specialist include:
1. Accurately posting payments received from patients, insurance companies, and other third-party payers to patient accounts.
2. Reconciling payments to ensure that all amounts received match expected amounts.
3. Investigating and resolving discrepancies or errors in payment postings.
4. Monitoring patient accounts for overdue balances and following up with patients and/or payers to ensure timely payment.
5. Communicating with insurance companies and other payers to resolve payment-related issues.
6. Collaborating with billing and collections staff to ensure accurate and timely billing and collections processes such as secondary billing.
7. Maintaining accurate records of payment transactions and related information.
8. Providing reports to management on payment-related metrics, such as payment posting accuracy and outstanding balances.
9. To perform this job effectively, a Payment Posting Specialist should have strong analytical and problem-solving skills, as well as a keen attention to detail. You should be comfortable working with numbers and financial data and have a good understanding of medical billing and coding practices. Additionally, experience working in healthcare or medical billing is often preferred. Strong communication and interpersonal skills are also essential, as this role may involve interacting with patients, insurance companies, and other stakeholders.
Education & Requirements:
● High school diploma or equivalent required
● 3 years of experience working with healthcare systems, diagnostic coding, and procedural codes.
● Experience in posting insurance and patient payments, cash applications, cash posting, posting check and credit card payments, Electronic Fund Transfer (EFT), Electronic
Remittance Advice (ERA)
● Automated Clearing House (ACH) and lockbox payments
● Understanding of complexity around line-level payment posting
● Knowledge of HCFA 1500 and UB04
● Familiarity with insurance plans and EOBs
● KIPU Experience preferred.
● CollaborateMD Experience preferred.
● Strong organizational skills with the ability to multitask.
Job Type: Full-time
Pay: $21.00 - $25.00 per hour
Expected hours: 40 per week
Benefits:
Schedule:
Ability to Relocate:
Work Location: In person
Full Time
$41k-48k (estimate)
03/26/2024
07/22/2024
The job skills required for Payment Posting Specialist include Medical Billing, Problem Solving, Health Insurance, Organizational Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Payment Posting Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Payment Posting Specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Payment Posting Specialist positions, which can be used as a reference in future career path planning. As a Payment Posting Specialist, it can be promoted into senior positions as a Medical Billing Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Payment Posting Specialist. You can explore the career advancement for a Payment Posting Specialist below and select your interested title to get hiring information.