Payment Posting Team lead
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What you'll do
- Maintain complete, timely, and accurate documentation of all payments, denials and adjustments.
- Analyze EOB's, balance insurance and patient payments; and perform adjustments and credits as needed all within a clearly defined month-end close goal.
- Demonstrate knowledge and understanding of Explanation of Benefits (EOB's) or Electronic Remittance Advice (ERA)
- Define the purpose of an EOB /ERA
- Read and understand all aspects of an EOB/ERA - One should be able to define and verbalize how the following terms pertain to the payment process: billed amount; allowed amount; deductibles; coinsurances; co-payments.
- Meet interdepartmental posting goals.
- Assure the team meet s monthly closing deadlines.
- Demonstrate the ability to post in all systems.
- Post all line-item payments.
- Post and document all retractions/off sets.
- Post all cash or credit card payments.
- Run and analyze balancing reports weekly for all team members to ensure accurate posting.
What they're looking for
- High School Diploma or Equivalent, required.
- 5 years’ work experience in Payment Posting
- 45 + WPM
- Excellent Written and Oral Communication
- Detailed Oriented and Time Management
- Computer Savvy!!
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Essential Job Functions
Maintain complete, timely, and accurate documentation of all payments,
denials and adjustments.
Analyze EOB's, balance insurance and patient payments; and perform
adjustments and credits as needed all within a clearly defined month-end
close goal.
Demonstrate knowledge and understanding of Explanation of Benefits
(EOB's) or Electronic Remittance Advice (ERA)
Define the purpose of an EOB /ERA
Read and understand all aspects of an EOB/ERA - One should be able to
define and verbalize how the following terms pertain to the payment process:
billed amount; allowed amount; deductibles; coinsurances; co-payments.
Meet interdepartmental posting goals.
Assure the team meets monthly closing deadlines.
Demonstrate the ability to post in all systems.
Post all line-item payments.
Post and document all retractions/off sets.
Post all cash or credit card payments.
Run and analyze balancing reports weekly for all team members to ensure accurate posting.
Minimize posting errors.
Maintains confidentiality and compliance with all company and patient
information in accordance with federal, state, and local regulations, HIPAA
regulations and Company policies.
Monthly audits of payment posters.
Review and audit monthly recon sheets to ensure all missing EOBs have been received and payments posted to accounts; reversed from recon.
Assist management to audit credit reports and apply adjustments, as necessary.
Assist management audit “Paid to patient” reports and ensure all payments/adjustments have been applied.
Must train new hires in house for 90 days minimum.
Will report any trends or issues to the direct manager.
Other duties as assigned.
Basic Qualifications
High School Diploma or Equivalent, required.
5 years’ work experience in Payment Posting
45+ WPM
Excellent Written and Oral Communication
Detailed Oriented and Time Management
Computer Savvy!!
The availability to work overtime as needed.
Company
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