AR Payment Specialist

IRB Medical Equipment LLC; Grand Blanc (MI); On-site; USD 36,000 - 58,000; Full time

Job summary

IRB Medical Equipment LLC in Michigan is seeking an accounts receivable clerk to maintain accurate customer accounts by processing daily transactions, posting payments, and reconciling balances. You will collaborate with billing, patient services, and management to ensure timely deposits, accurate reporting, and resolution of posting discrepancies.

Prior experience in medical billing is preferred, strong data entry and attention to detail are essential, and the role involves handling sensitive

Qualifications

• High school diploma or GED required.
• Minimum 6 months in a medical-related field or training.
• Proficiency with computers and data entry.

Responsibilities

• Coordinate daily incoming transactions (cash, checks, credit, EFT) from patients and third parties.
• Post transactions in billing software using auto and manual posting.
• Prepare and distribute daily posting data to team members.
• Create and review various financial reports.
• Review explanations of benefits and report discrepancies to management.
• Ensure deposits and postings balance daily and at month end.
• Assist with accounts receivable problems across departments.
• Maintain physical and electronic transaction records.
• Perform daily bank deposits and sort mail.

Skills

Data entry

Attention to detail

Customer service

Time management

Verbal/written communication

Education

High school diploma or GED

Tools

Billing software

Microsoft Office

Job description

Description

SUMMARY: Records financial transactions and adjustments to customers' accounts to maintain account accuracy by performing the following duties.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Coordinate the daily incoming transactions such as cash, check, credit, and electronic funds transfers from patients, Medicare, Medicaid and other third party payers.
• Process one-time credit card transactions.
• Record all transactions in our billing software using a combination of auto posting and manual posting.
• Gather new data daily for posting and distributes to their self and team members for completion.
• Create and complete various reports.
• Review most reversals and refunds before forwarding to the appropriate departments and/or personnel.
• Review all Explanation of Benefits and informs management of coverage changes and problem areas.
• Ensure that monies, adjustments, refunds and unapplied cash are posted correctly and in a timely manner.
• Report any discrepancies in accounts to management or correct those discrepancies when able.
• Ensure deposits and postings on computer are balanced daily and at month end.
• Keep management informed of changes that affect accounts receivable.
• Works with other departments to troubleshoot and resolve accounts receivable problems.
• Informs management of known software issues and follows up until resolved.
• Sort and distribute daily incoming mail.
• Make daily bank deposits electronically and occasionally in person.
• Maintains records of transactions both physically and electronically.
• Rotates/moves physical records according to deposit date.
• Other duties as requested by management.

Requirements

QUALIFICATIONS

To perform this job successfully, an individual must be professional, proactive and positive with internal and external customers and coworkers. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience

• High school diploma or general education degree (GED).
• Minimum of six (6) months in a medical related field and/or training; or equivalent combination of education and experience.

Skills & Abilities

• Excellent interpersonal, written and verbal communication skills.
• Attention to detail
• Good data entry skills
• Proficiency with computers, with strong typing skills.
• Good organization skills

Language Skills

English (verbal, written)

Mathematical Skills

Ability to add, subtract, multiply, and divide in all units of measure using a calculator.

Analytical & Problem Solving Ability

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

CERTIFICATES, LICENSES, REGISTRATIONS

None

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, talk and hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. All employees are required to work in a safe manner.

WORK ENVIRONMENT

The work environment described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Office environment

TRAINING

Orientation and selected courses must be completed in the designated time frame.

ADDITIONAL QUALIFICATIONS

None

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Employee signature below constitutes employee's understanding of the requirements, essential functions and duties of the position. This document is not to be construed as an employment contract of any kind.