Job Description

The Payment Posting Specialist is responsible for accurately posting payments and adjustments into the company's accounting and billing systems. This role requires attention to detail, strong organizational skills, and knowledge of healthcare or other billing and payment processes, ensuring all payments are applied correctly to accounts.

Key Responsibilities:

Payment Processing:

Post payments from insurance companies, patients, and other payers into the financial system. Reconcile payments to remittance advice and payment reports. Ensure all payments are applied to the correct accounts and that any discrepancies are promptly addressed.

Claims Management:

Review and analyze remittance advice to ensure accurate payment posting. Follow up with payers on any issues or discrepancies in payment amounts. Investigate and resolve issues with payment denials, underpayments, or overpayments.

Account Reconciliation:

Reconcile daily, weekly, or monthly payment batches to ensure payment accuracy. Work closely with the collections and billing team to resolve discrepancies in accounts. Maintain accurate records of posted payments and account adjustments.

Communication and Collaboration:

Work with internal teams to resolve issues related to payment posting and billing. Communicate with insurance companies and patients to clarify payment details or outstanding balances. Assist in audits or reviews related to payment posting.

Reporting:

Generate reports on payment postings, adjustments, and denials for management review. Provide regular updates on payment trends, errors, or unresolved issues.

Qualifications:

High school diploma or equivalent. Previous experience in payment posting, billing, or accounting (1-3 years) is preferred. Knowledge of healthcare billing practices and remittance advice (for healthcare-focused roles). Familiarity with accounting software and payment posting systems. Strong attention to detail and accuracy in data entry. Excellent organizational skills and the ability to handle multiple tasks. Good communication skills, both written and verbal.
Job Type: Full-time

Pay: ?18,000.00 - ?25,000.00 per month

Benefits:

Health insurance Provident Fund
Schedule:

Night shift
Work Location: In person