What are the responsibilities and job description for the Hospital Payment Poster - Cash Applications Specialist position at MBOS, Inc?
The Payment Poster is responsible for accurately and efficiently posting payments, adjustments, and denials for hospital systems. This role plays a critical part in the revenue cycle process by ensuring that all financial transactions are recorded correctly, discrepancies are resolved promptly, and patient accounts are updated in compliance with hospital policies and regulatory requirements.
Salary commensurate with experience and ability.
*We are not a staffing agency*
Key Responsibilities:
1. Payment Posting:
Post payments, adjustments, and denials from insurance companies, patients, and other sources into the hospital’s billing system.
Reconcile daily batches to ensure accuracy and completeness of transactions.
2. Account Reconciliation:
Balance payments posted against electronic remittance advice (ERA) or explanation of benefits (EOB) reports.
Identify and resolve discrepancies, such as overpayments, underpayments, and misapplied payments.
3. Denial Management:
Accurately record denial reasons and collaborate with the billing or collections team to address and resolve issues.
Track trends in denials and recommend process improvements to reduce recurrence.
4. Reporting:
Generate and review daily, weekly, and monthly payment and adjustment reports.
Provide regular updates to the billing supervisor or revenue cycle manager.
5. Compliance and Documentation:
Ensure all payment posting activities comply with hospital policies, contractual agreements, and regulatory requirements.
Maintain accurate documentation for all posted payments and adjustments.
6. Collaboration and Communication:
Communicate with internal departments, such as billing, collections, and patient financial services, to resolve account issues.
Provide excellent customer service to both internal and external stakeholders.
Qualifications:
High school diploma or GED required; Associate’s degree in healthcare, business administration, or related field preferred.
Minimum of 1–2 years of experience in medical payment posting or revenue cycle operations, preferably within a hospital system.
Proficiency with electronic health records (EHR) and billing systems; experience with [specific system, e.g., Epic, Paragon, Meditech] is a plus.
Strong understanding of insurance policies, payment processes, and medical billing terminology.
Exceptional attention to detail and accuracy.
Proficient in Microsoft Office Suite, particularly Excel.
Strong organizational, analytical, and problem-solving skills.
Ability to work independently and as part of a team.
Work Environment:
Office setting within a hospital or healthcare organization.
No opportunity for remote or hybrid work arrangements
Job Type:
Full-time
This job description is subject to change based on organizational needs and may include additional responsibilities as assigned.
The successful candidate must submit to employment background verification, drug test and Covid vaccination and flu-shot requirements.
We offer Medical, Dental, Vision, PTO, Holidays and 401(K).
Immediate Hire!
Job Type: Full-time
Pay: $22.00 - $25.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Work Location: In person
Salary : $22 - $25
