Payment Posting Specialist

Sexton & Weiskopf Oral & Maxillofacial Surgery is seeking a Healthcare Payment Posting Specialist who is responsible for accurately and efficiently posting payments received from insurance companies and patients into the healthcare provider's accounts receivable system. This position plays a critical role in ensuring the timely and correct application of payments, resolving discrepancies, and maintaining accurate financial records.

Responsibilities

• Accurately post payments from insurance companies, government programs, and patients into the appropriate accounts in the system. Ensure payments are properly coded and applied based on explanation of benefits (EOBs), ERA / remittance advice, and patient statements.
• Reconcile payments and adjustments to patient accounts on a daily basis. Identify and investigate discrepancies and take appropriate action to resolve issues. Complete end of day reconciliation process to the lockbox for cash control purposes.
• Work closely with the accounts receivable and billing teams if any trends are identified during the posting process. Communicate any underpayments trends identified during the posting process.
• Make necessary adjustments to accounts based on overpayments, underpayments, or discrepancies in payments. Ensure proper adjustments are reflected in the accounts receivable ledger to ensure secondary or patient liability.
• Maintain high standards of accuracy and attention to detail when posting payments and managing payment records. Ensure all transactions are processed within established timelines.
• Respond to internal inquiries related to payment posting, providing timely updates on payment status and resolving any issues that arise.
• Generate and review payment posting reports. Provide accurate information to management regarding payment trends.
• Adhere to healthcare industry regulations, including HIPAA, and ensure all payment posting activities comply with internal policies and external regulations.
• Stay up to date with updates in healthcare payment systems and ensure all new policies and protocols are adhered to during payment posting.

Requirements

Benefits

We look forward to hearing from you!