Position Summary: As a Payment Posting Specialist, you'll be responsible for processing payments from patients, insurance, and other payers, recording and reconciling payments, maintaining records, and resolving discrepancies to ensure billing compliance.
Job Details: Work from Home
Monday to Friday | 8 PM to 5 AM Manila time *Following US Holidays Responsibilities: Payment Processing: Receive, review, and process payments from various sources, including patients, lockboxes, insurance companies, and government agencies. Data Entry: Accurately enter payment information into the billing system, ensuring that all details are recorded correctly, including payment amounts, dates, and method of payment. Reconciliation: Match payments received with corresponding invoices or claims, reconcile any discrepancies, and ensure that all payments are applied correctly to patient accounts. Documentation: Maintain detailed records of all payment transactions, including copies of checks, explanation of benefits (EOB), remittance advice, and any correspondence related to payment processing. Account Maintenance: Update patient accounts with accurate payment information, adjustments, and write-offs as necessary, ensuring that account balances reflect current financial statuses. Communication: Collaborate with billing and coding teams to resolve any payment discrepancies or issues, including denials, underpayments, or overpayments. Interact professionally with other employees, customers, and vendors. Work effectively as a team contributor on all assignments. Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organization. Compliance: Adhere to all relevant billing regulations, including HIPAA and insurance billing guidelines, to ensure compliance and accuracy in payment processing. Reporting: Generate reports on payment posting activities, including daily cash reconciliation, aging reports, and payment trends, providing insights to management for decision-making purposes. Others: Performs other clerical or supervisory duties as assigned. Perform quality work within deadlines with or without direct supervision. Qualifications: Minimum of2 yearsof experience in Payment Posting, particularly in the US Healthcare Industry's Revenue Cycle Management (RCM) sector. Proficiency in using billing software and electronic health records (EHR) systems. Strong attention to detail and accuracy in data entry and record-keeping. Excellent organizational and time management skills to prioritize tasks and meet deadlines. Effective communication skills to interact with patients, insurance companies, and internal team members. Knowledge of medical terminology, insurance plans, and reimbursement processes is beneficial. Ability to adapt to changing regulations and industry trends in healthcare billing.
