Payment Specialist

Payment Posting Specialist

The Payment Posting Specialist position maintains accurate posting of government, commercial, and personal payments to the appropriate system/ledger.

Position Responsibilities:

• Post insurance and patient payments (EOBs, ERAs, lockbox, EFTs) accurately and timely into the hospital billing system.
• Post Insurance zero pay remittance advice.
• Post employee payroll deductions.
• Post payments received from collection agencies.
• Apply contractual adjustments and write-offs according to payer contracts and hospital policies.
• Balance daily cash batches and reconcile deposits to bank and medistream remittance advice.
• Identify and resolve posting discrepancies.
• Maintain compliance with HIPAA, hospital policies, and payer regulations.
• Collaborate with billing, denial management, and patient accounts teams.
• Assist with audit requests.
• File and scan daily posting batches.
• Maintain posting productivity and accuracy standards.
• Perform other duties as requested.

Position Requirements:

• High school diploma or equivalent required.
• 1+ years of related work experience preferred.
• Experience working in insurance preferred.
• Exceptional accuracy and attention to detail required.

Knowledge, Skills, & Abilities:

• Intermediate proficiency with computers is required.
• Knowledge of insurance is beneficial.
• Strong quantitative and analytical competency.
• Self-starter with excellent interpersonal communication and problem-solving skills.