CBO Medical Payment Poster

CBO Medical Payment Poster

MedVanta is the nation's largest physician-owned and operated next generation management services organization (MSO). Our services are specifically designed for musculoskeletal (MSK) providers and go beyond that of a traditional MSO, empowering our clients with the precise infrastructure, data, technology, and administrative processes needed to thrive both today and tomorrow.

MedVanta has an employee centered culture that supports and promotes diversity and inclusion. Our encouraging and empowering management style makes MedVanta a great place to further grow your knowledge while building a team driven path to success.

The Central Billing Office (CBO) Payment Poster assists in the payment intake and posts payments reconciliation processes. Including processing billing statements, accepting payments, and conducting audits for each billing cycle. This role manually and electronically processes and posts a high volume of electronic and manual payments into the EHR system.

This role is 100% onsite in Bethesda, MD.

Primary Responsibilities

• Accepts payments and processes billing statements in timely and accurate manner.
• Monitors payment deposits from patients and insurance reconciling details.
• Prepares payment batches and conducts regular audits for billing cycles.
• Assesses explanation of benefits (EOBs) from insurance companies.
• Maintains accurate billing records and reports any discrepancies to accounting.
• Develops and reviews reports with the assigned Billing Relations Manager.
• Verifies all EFT deposits and scanned checks have been posted by month end.
• Effectively communicates and documents payment denials in the practice management system and to the appropriate billing specialist in a timely manner.
• Works effectively across multiple CBO teams always exuding professionalism and efficient communication skills to ensure maximum and timely revenue entry.
• Maintains professional knowledge regarding medical billing, coding procedures, payor processes, Medicare / Medicaid processes, etc.
• Handling and sorting in house correspondences for appeals, denials, and medical records.
• Performs all other duties as assigned.

Required Education and Experience

Competencies / Required Skills and Abilities

Physical Demands