A busy medical billing and management company is seeking a candidate to fill the role of Payment Posting Specialist. This position is full-time between the hours of 7:00 AM to 4:00 PM Monday-Thursday and 7:00 AM to 1:00 PM on Friday. The ideal candidate has experience accurately applying payments from insurance companies according to EOB, able to process electronic fund bulk payments, paper checks, payments received in the mail, and payments received over the phone. The candidate must be able to read an EOB and determine correct posting of payment. This person is responsible for ensuring that the amounts posted in the system are balanced to the amounts posted to the bank account.
Essential Job Duties and Responsibilities:
- Open mail for divisions being worked for the month
- Posts and index payments, adjustments and denials to patient’s accounts
- Prepare bank deposits for each division worked, log posting totals in Excel and verify that everything balances daily
- Review correspondence for proper distribution and follow-up
- Perform other miscellaneous departmental duties as necessary