Payment Posting Analyst (FT- 1.0 FTE, Day Shift, On Site)

Position Summary:

The Payment Posting Analyst plays a critical role in the healthcare revenue cycle by ensuring all payment activities are completed accurately and efficiently to all payment records. The Payment Posting Analyst work closely with billing, collections, and finance areas to ensure smooth operations and revenue flow. Conduct research through payer portals to identify missing remittances.

Minimum Qualifications:

Required

• High School Diploma or Equivalent

Preferred

• Associate’s degree
• One (1) year of healthcare billing experience

Essential Job Functions:

In addition to the essential functions of the job listed below, employees must have on-time completion of all required education as assigned per DNV requirements, Bozeman Health policy, and other registry requirements.

• Participate as a member of the payment posting team, ensuring all activities are completed accurately and efficiently.
• Post payments from insurance companies, patients, and third-party payers to patient accounts, ensuring accuracy in both the system and ledger balances.
• Apply contractual adjustments, write-offs, and denials as needed in compliance with payer contracts and organizational policies.
• Reconcile NSF checks and lost payments.
• Reconcile posted payments with bank records and/or deposits.
• Review daily posting reports to identify discrepancies or errors, preferably correcting them before end of day.
• Ensure compliance with federal, state, and payer regulations, including HIPAA and other healthcare policies.
• Assist with identifying trends, discrepancies, and areas for improvement.
• Collaborate with the billing and collections teams to resolve payment-related issues and ensure proper allocation of payments.
• Maintain current knowledge of processes and communicate with leaders and applicable departments
• Conduct research through payer portals to identify missing remittances.
• Other duties as assigned.

Knowledge, Skills and Abilities

• Demonstrates sound judgment, patience, and maintains a professional demeanor at all times
• Exercises tact, discretion, sensitivity, and maintains confidentiality
• Performs essential job functions successfully in a busy and stressful environment
• Learns current and new computer applications and office equipment utilized at Bozeman Health
• Strong interpersonal, verbal, and written communication skills
• Analyzes, organizes, and prioritizes work while meeting multiple deadlines

Schedule Requirements

• This role requires regular and sustained attendance.
• The position may necessitate working beyond a standard 40-hour workweek, including weekends and after-hours shifts.
• On-call work may be required to respond promptly to organizational, patient, or employee needs.

Physical Requirements

• Lifting (Rarely – 30 pounds): Exerting force occasionally and/or using a negligible amount of force to lift, carry, push, pull, or otherwise move objects or people.
• Sit (Continuously): Maintaining a sitting posture for extended periods may include adjusting body position to prevent discomfort or strain.
• Stand (Occasionally): Maintaining a standing posture for extended periods may include adjusting body position to prevent discomfort or strain.
• Walk (Occasionally): Walking and moving around within the work area requires good balance and coordination.
• Climb (Rarely): Ascending or descending ladders, stairs, scaffolding, ramps, poles, and the like using feet and legs; may also use hands and arms.
• Twist/Bend/Stoop/Kneel (Occasionally): Twisting, bending, stooping, and kneeling require flexibility and a wide range of motion in the spine and joints.
• Reach Above Shoulder Level (Occasionally): Lifting, carrying, pushing, or pulling objects as necessary above the shoulder, requiring strength and stability.
• Push/Pull (Occasionally): Using the upper extremities to press or exert force against something with steady force to thrust forward, downward, or outward.
• Fine-Finger Movements (Continuously): Picking, pinching, typing, or otherwise working primarily with fingers rather than using the whole hand as in handling.
• Vision (Continuously): Close visual acuity to prepare and analyze data and figures and to read computer screens, printed materials, and handwritten materials.
• Cognitive Skills (Continuously): Learn new tasks, remember processes, maintain focus, complete tasks independently, and make timely decisions in the context of a workflow.
• Exposures (Rarely): Bloodborne pathogens, such as blood, bodily fluids, or tissues. Radiation in settings where medical imaging procedures are performed. Various chemicals and medications are used in healthcare settings. Job tasks may involve handling cleaning products, disinfectants, and other substances. Infectious diseases due to contact with patients in areas that may have contagious illnesses.
• Frequency Key: Continuously (100% - 67% of the time), Repeatedly (66% - 33% of the time), Occasionally (32% - 4% of the time), Rarely (3% - 1% of the time), Never (0%).