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Position title
Cash Posting Specialist
Description

A Payment Posting Specialist is responsible for the expedient and accurate posting of payments received through medical billing software.

Responsibilities

Payment Entry: Completes payment entry in a timely and accurate manner including:

  • Posts payments to medical billing software (Electronic Remittance Notices (ERN’s) & Manual posting responsibilities)
  • Records batch totals
  • Balances batches and runs transaction reports.
  • Verifies all EFT deposits and scanned checks have been posted by month end.
  • Properly communicates and documents payment denials in the medical billing software and to the appropriate billing representative in a timely manner.
  • Identifies any payments not being paid at the allowed/contracted amount and communicates this to the appropriate billing representative – AR and/or Director.
  • Accurately reading Explanation of Benefits and applying payments & adjustments to corresponding accounts.
  • Balance transferring deductibles & co-insurances accurately through medical billing software to either secondary payer or patient.
  • Maintains professional knowledge regarding medical billing and coding procedures, insurance carriers, federal programs, etc.
Qualifications
  • DME payment posting experience preferred.
  • Excellent written and verbal communication skills
  • Strong attention to detail and affinity for working with numbers required.
  • Must have knowledge of word, excel, and power point.
  • Knowledge of reading and interpreting Explanation of Benefits (EOB) required.
  • Knowledge of processes pertaining to contractual and allowable adjustments, balance transfers, deductibles, & coinsurance required.
  • Brightree and/or Bonafide billing software experience required.
  • High School Diploma or equivalent required.
  • Minimum of two years of medical payment posting experience required.
  • Candidates must be able to work with a high volume of work while maintaining a strong attention to detail, accuracy, and demonstrate excellent oral and written communication.
  • Computer skills required to operate practice management system (i.e., use Window operating system, conduct Internet searches, communicate by email, etc.)
Employment Type
Full-time
Job Location
Remote work possible
Date posted
June 18, 2024
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