What are the responsibilities and job description for the Insurance Payment Posting Specialist position at CBS Medical Billing & Consulting LLC?
Are you ready to take your career to the next level in a fast-paced, dynamic company? As a Payment Posting Specialist, you play a pivotal role in ensuring the smooth and efficient processing of payments. Your attention to detail and passion for problem solving will directly impact the accuracy of our services and customer satisfaction!
Essential Duties:
1. Proficiency in all software programs utilized by assigned account(s)
2. Payment Posting tasks including:
- Perform payment posting including contractual obligations, write-offs, refunds, recoupments, and denials in
accordance with each client’s services contract and company procedures
- Post all correspondence in accordance with each client’s services contract and company procedures
- Retrieve and organize Explanation of Benefits (EOBs) from clients, clearinghouses, and insurance portals
- Maintain and generate Posted Payment report to be submitted to the Accounts Receivable Department monthly when
the client’s invoice cycle ends
- Review and resolve unapplied insurance payments daily.
- Review and maintain clearing of unapplied payments monthly.
- Prepare, compile and send Patient Statements to client’s patients in accordance with each client’s services contract and
company procedures
3. Communicate payment and denial trends to Billing Team Lead
4. Documentation of all work performed in multiple billing software programs
