Payment Posting Executive

AuraRCM & Consulting Inc.; Chennai District; On-site; INR 300,000 - 540,000; Full time

Job summary

AuraRCM & Consulting Inc. in Chennai invites an experienced medical billing posting specialist to manage accurate posting of insurance payments, patient payments, and EFTs received via ERA and manual EOBs.

The role emphasizes denial analysis with CARC/RARC, daily reconciliation, adjustments, lockbox handling when applicable, and strict adherence to HIPAA and client policies, with documentation and support for cash-flow reporting.

Qualifications

• Experience in medical billing and insurance posting.

Responsibilities

• Accurately post all insurance payments, patient payments, and EFTs received via ERA and manual EOBs.
• Identify, analyze, and post denials with the correct denial codes (CARC/RARC) and initiate the hand-off to the AR follow-up team.
• Reconcile posted batches daily to ensure the total amount posted matches the bank deposits or insurance remittance advice, promptly resolving any variances.
• Process necessary contractual adjustments, write-offs, and refunds accurately according to client policy and payer contracts.
• Handle and process physical checks and payment correspondence received through the client's lockbox service (if applicable).
• Maintain a high standard of posting quality and adherence to HIPAA and client-specific financial policies.
• Ensure all payment sources, posting details, and discrepancies are clearly and concisely documented in the billing software.
• Assist in gathering payment data for daily and weekly cash flow reporting and analysis.

Job description

• Posting Accuracy: Accurately post all insurance payments, patient payments, and electronic funds transfers (EFTs) received via Electronic Remittance Advice (ERA) and manual Explanation of Benefits (EOBs).
• Denial Management: Identify, analyze, and post denials with the correct denial codes (CARC/RARC) and initiate the hand-off to the AR follow-up team.
• Reconciliation: Reconcile posted batches daily to ensure the total amount posted matches the bank deposits or insurance remittance advice, promptly resolving any variances.
• Adjustment Entry: Process necessary contractual adjustments, write-offs, and refunds accurately according to client policy and payer contracts.
• Lockbox Processing: Handle and process physical checks and payment correspondence received through the client's lockbox service (if applicable).
• Quality & Compliance: Maintain a high standard of posting quality and adherence to HIPAA and client-specific financial policies.
• Documentation: Ensure all payment sources, posting details, and discrepancies are clearly and concisely documented in the billing software.
• Reporting Support: Assist in gathering payment data for daily and weekly cash flow reporting and analysis.