What are the responsibilities and job description for the Revenue Cycle Management Specialist - Payment Poster position at JAG Physical Therapy?
As a Revenue Cycle Management Specialist within our Medical Payment Posting team, you will be expected to adopt a strategic approach to ensure the accurate recording and reconciliation of all financial transactions by specified deadlines. Your responsibilities will include managing credit balances, negotiating insurance underpayments, and overseeing the distribution of patient statements. This role is vital in maintaining the financial accuracy and integrity of the medical billing process. You will collaborate closely with the billing and collections teams to reconcile accounts and address any discrepancies.
Who We Are:
JAG Physical Therapy’s care-first model of rehabilitation may be the change you are looking for! JAG Physical Therapy, a comprehensive outpatient, orthopedic physical therapy company with 100 facilities throughout Pennsylvania, New Jersey, and New York, is seeking compassionate and motivated individuals to join our winning team! JAG has been honored by the area’s top publications as the best in the business based on growth and outcomes and is considered the Gold Standard for physical therapy care by the Metro area’s largest healthcare systems and insurance providers.
What You’ll Love About Us:
- Competitive pay
- Health, Dental, & Vision Benefits
- HSA Options including dependent care, medical, and commuter benefits
- $10,000.00 Term Life Insurance benefit at NO cost to employees
- up to 3 weeks PTO
- 401(k) with company match
- Yearly review for growth opportunities
- Tuition discounts for employees and their families
- TicketsAtWork and LifeMart company perks
- Our workplace fosters a close-knit and supportive environment where individuals genuinely care for and uplift one another, creating a strong sense of unity and camaraderie
What You’ll Need:
- High School or GED
- 2 to 3 years related work experience with Physical Therapy experience preferred
- Experience in EMRs and other medical billing software
- Knowledge of billing requirements and regulations of major payers
- Problem solving skills with attention to detail
- Strong verbal and written communication skills
- Excellent Customer service
- Proficient computer skills and knowledge of Microsoft Office
- Ability to prioritize and manage multiple tasks
What You’ll Do:
- Payment Posting:
- Accurately post payments from patients and insurance companies to patient accounts.
- Ensure all payments are posted in a timely manner.
- Reconciliation:
- Reconcile daily deposits and payments with patient accounts.
- Identify and resolve any discrepancies in payment postings.
- Insurance Payments:
- Post insurance payments and adjustments according to Explanation of Benefits (EOBs).
- Verify the accuracy of insurance payments and follow up on any discrepancies.
- Patient Payments:
- Post patient payments received via mail, online, or in-person.
- Ensure patient payments are applied correctly to outstanding balances.
- Communication:
- Communicate with the billing and collections teams to address any payment issues.
- Provide support to patients and insurance companies regarding payment inquiries.
- Reporting:
- Generate and review payment reports to ensure accuracy.
- Assist in preparing financial reports as needed.
- Compliance:
- Adhere to all company policies and regulatory requirements.
- Maintain confidentiality of patient information.
Important Disclaimer Notice:
The above statements are only intended to represent the essential job functions and general nature of the work being performed and are not exhaustive of the tasks that an Employee may be required to perform. The employer reserves the right to revise this job description at any time and to require Employees to perform other tasks as circumstances or conditions of its business, competitive considerations, or the work environment change. This job description is not a guarantee of employment. What you will love about our section is based on full-time employment with the company and is not guaranteed based on employment type.