Payment Poster

Position Summary

TheMedical Billing Payment Poster plays an integral role in maintaining financial accuracy within our organization. This position is responsible for accurately posting payments from insurance providers and patients, processing refunds, and reconciling accounts. Applicants for this position must be detail oriented and have a solid understanding of medical billing procedures. The ideal candidate will be proficient in handling insurance credits, electronic remittances, and account balancing, with strong analytical skills to resolve discrepancies while ensuring compliance with industry regulations.

Essential Functions

• Utilizes reports and maintains spreadsheets for data collection.
• Monitors daily payments and identify ACH automation for EDI set up.
• Accurately post insurance and patient payments, adjustments, and denials.
• Reconcile daily deposits, remittances, and bank transactions to maintain financial accuracy.
• Process insurance and patient refunds, ensuring proper documentation and compliance.
• Analyze and resolve discrepancies related to insurance payments, refunds, and credits.
• Stay up to date with insurance regulations, medical billing guidelines, and compliance requirements.
• Identify and work insurance credits, applying payments correctly to outstanding balances.
• Communicate effectively with insurance companies to clarify payment discrepancies.
• Utilize Excel for tracking, balancing, and reporting payment data.
• Ensure confidentiality of patient and financial information in compliance with HIPAA regulations.
• Identifies payment trends for possible issues and report to directly to the Director of Revenue Cycle Administration.
• Utilizes the resources within the Billing and Financial teams to give accurate accounts of system and payment issues or trends in a timely manner.
• Participates in miscellaneous special projects determined by management regarding account balance management and related tasks.
• Uses the reporting system to accurately inspect claims and accounts for applicable corrections and streamline systems applications and reports Director of Revenue Cycle Administration.
• Manages the workflow of duplicate accounts and correct/merge patient accounts in a timely and accurate manner.
• Performs any other duties as deemed necessary by the Director of Revenue Cycle Administration that is within the scope of the Department

Knowledge and Skills

• Ability to prioritize and manage multiple tasks/projects simultaneously
• Ability to work as a team player
• Excellent keyboarding skills
• Ability to read and understand EOB’s and insurance contracts
• Familiarity with HIPAA and PHI guidelines
• Demonstrates a high degree of accuracy and analytical skills
• Well-organized with attention to detail
• Excellent payment posting and follow-up skills
• Excellent communication skills, written and oral

Education

• Required: High School Diploma or equivalent
• Preferred: Associate Degree in Accounting

Experience

• 2-3 years of experience in medical billing, payment posting, and account reconciliation.
• Experience with insurance and patient refunds and insurance credits.
• Proficiency in Excel and financial reconciliations.
• Experience balancing accounts and handling bank-to-book transactions.
• Preferred: Experience with CPSI or other electronic health record (EHR) billing systems.

Job Type: Full-time

Pay: $14.29 - $14.87 per hour

Expected hours: No more than 40 per week

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $14 - $15