Payment Posting Specialist

General Information:

Job title: Payment Posting Specialist

Schedule: Full-time 80 hours per pay period; Monday - Friday 8:00am-4:30pm

Weekend rotation: No weekends

Holiday rotation: Paid holidays

Position Summary:

The Payment Posting Specialist position maintains accurate posting of government commercial and personal payments to the appropriate system/ledger.

Position Responsibilities:

• Post insurance and patient payments (EOBs ERAs lockbox EFTs) accurately and timely into the hospital billing system.
• Post Insurance zero pay remittance advice.
• Post employee payroll deductions.
• Post payments received from collection agencies.
• Apply contractual adjustments and write-offs according to payer contracts and hospital policies.
• Balance daily cash batches and reconcile deposits to bank and medistream remittance advice.
• Identify and resolve posting discrepancies.
• Maintain compliance with HIPAA hospital policies and payer regulations.
• Collaborate with billing denial management and patient accounts teams.
• Assist with audit requests.
• File and scan daily posting batches.
• Maintain posting productivity and accuracy standards.
• Maintain compliance with HIPAA hospital policies and payer regulations.
• Perform other duties as requested.

Position Requirements:

• High school diploma or equivalent required.
• 1 years of related work experience preferred.
• Experience working in insurance preferred.
• Exceptional accuracy and attention to detail required.

Knowledge Skills & Abilities:

• Intermediate proficiency with computers is required.
• Knowledge of insurance is beneficial.
• Strong quantitative and analytical competency.
• Self-starter with excellent interpersonal communication and problem-solving skills.

Required Experience:

IC