Payment Posting Specialist - Quezon City, Pilipinas - Sourcefit

Paglalarawan

Position Summary

As a Payment Posting Specialist, you'll be responsible for processing payments from patients, insurance, and other payers, recording and reconciling payments, maintaining records, and resolving discrepancies to ensure billing compliance.

Job Details

• Work from Home
• Monday to Friday | 8 PM to 5 AM Manila time
• *Following US Holidays
  
  

Responsibilities

• Payment Processing: Receive, review, and process payments from various sources, including patients, lockboxes, insurance companies, and government agencies.
• Data Entry: Accurately enter payment information into the billing system, ensuring that all details are recorded correctly, including payment amounts, dates, and method of payment.
• Reconciliation: Match payments received with corresponding invoices or claims, reconcile any discrepancies, and ensure that all payments are applied correctly to patient accounts.
• Documentation: Maintain detailed records of all payment transactions, including copies of checks, explanation of benefits (EOB), remittance advice, and any correspondence related to payment processing.
• Account Maintenance: Update patient accounts with accurate payment information, adjustments, and write-offs as necessary, ensuring that account balances reflect current financial statuses.
• Communication: Collaborate with billing and coding teams to resolve any payment discrepancies or issues, including denials, underpayments, or overpayments. Interact professionally with other employees, customers, and vendors. Work effectively as a team contributor on all assignments. Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organization.
• Compliance: Adhere to all relevant billing regulations, including HIPAA and insurance billing guidelines, to ensure compliance and accuracy in payment processing.
• Reporting: Generate reports on payment posting activities, including daily cash reconciliation, aging reports, and payment trends, providing insights to management for decision-making purposes.
• Others: Performs other clerical or supervisory duties as assigned.
• Perform quality work within deadlines with or without direct supervision.
  
  

Qualifications

• Minimum of2 yearsof experience in Payment Posting, particularly in the US Healthcare Industry's Revenue Cycle Management (RCM) sector.
• Proficiency in using billing software and electronic health records (EHR) systems.
• Strong attention to detail and accuracy in data entry and record-keeping.
• Excellent organizational and time management skills to prioritize tasks and meet deadlines.
• Effective communication skills to interact with patients, insurance companies, and internal team members.
• Knowledge of medical terminology, insurance plans, and reimbursement processes is beneficial.
• Ability to adapt to changing regulations and industry trends in healthcare billing.