About this role
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.