Transaction Processing Executive

HC Intellect; Chennai District; On-site; INR 279,000 - 502,000; Full time

Benefits offered by this job

Corporate Meal Benefit

IJP advantages

Mediclaim Insurance

PF & ESI Benefit

Fixed Day Shift (9am - 6pm)

Saturday & Sunday Fixed Week-off

Job summary

HC Intellect is seeking a detail-oriented Billing Associate in Chennai to review ERAs and EOBs, post payments, and reconcile transactions in the Practice Management System, ensuring accuracy and HIPAA compliance.

The role requires 2+ years in payment posting, a Bachelor's degree, and proficiency in Excel. You will collaborate with AR, Billing, and Revenue Cycle teams to streamline processes and improve reporting.

Qualifications

• Bachelor's degree in any discipline.
• Strong attention to detail with ability to reconcile payment discrepancies.
• Good organizational and time management skills with the ability to handle multiple priorities.

Responsibilities

• Receive and review ERAs and paper EOBs from insurance payers.
• Post insurance payments, patient payments, adjustments, and denials into the Practice Management System.
• Reconcile payments against billed charges for accuracy and completeness.
• Investigate and resolve payment discrepancies, posting errors, and unmatched transactions.
• Process patient payments via cash, checks, cards, and electronic methods.
• Ensure HIPAA compliance and payer guidelines.
• Generate and maintain payment posting reports, reconciliation summaries, and productivity reports.
• Collaborate with Billing, Coding, AR, and Revenue Cycle Management teams to improve workflow efficiency.
• Follow up on unallocated payments under Miscellaneous/Unapplied accounts with clients or AR.
• Coordinate with AR on uncashed payments identified through ERA remittances for resolution.
• Maintain accurate documentation of payment-related activities per policy.

Skills

Attention to detail

Organizational skills

Time management

Multi-tasking

Education

Bachelor's Degree in any discipline

Tools

Microsoft Excel

Practice Management System

Job description

Key Responsibilities:

• Receive and review Electronic Remittance Advices (ERAs) and paper Explanation of Benefits (EOBs) from insurance payers.
• Accurately post insurance payments, patient payments, adjustments, and denials into the Practice Management System.
• Reconcile payments received against billed charges to ensure accuracy and completeness.
• Investigate and resolve payment discrepancies, posting errors, and unmatched transactions.
• Process patient payments received through cash, checks, credit cards, and electronic payment methods.
• Ensure compliance with HIPAA regulations, payer guidelines, and industry billing standards.
• Generate and maintain payment posting reports, reconciliation summaries, and productivity reports.
• Collaborate with Billing, Coding, Accounts Receivable (AR), and Revenue Cycle Management teams to improve workflow efficiency.
• Follow up on unallocated payments posted under Miscellaneous, Suspense, or Unapplied accounts by coordinating with clients, reviewing payer portals, or working with the AR team for resolution.
• Coordinate with the AR team regarding uncashed payments identified through ERA remittances and ensure timely resolution.
• Maintain accurate documentation of payment-related activities and follow organizational policies and procedures.

Required Qualifications:

• Bachelor's Degree in any discipline.
• Strong attention to detail with the ability to identify and reconcile payment discrepancies.
• Good organizational and time management skills with the ability to handle multiple priorities in a fast-paced environment.

Experience:

• Min 2+ years of experience in Payment Posting are preferred.
• Knowledge of healthcare insurance processes, EOBs, and ERAs.
• Familiarity with Practice Management Systems and payment posting workflows.
• Proficiency in Microsoft Excel and reporting tools.

Benefits:

• Corporate Meal Benefit
• IJP advantages
• Mediclaim Insurance
• PF & ESI Benefit
• Fixed Day Shift (9am - 6pm)
• Saturday & Sunday Fixed Week-off