Payment Posting Analyst

Kennedy Krieger Institute; Baltimore (MD); On-site; USD 40,000 - 66,000; Full time

Job summary

Kennedy Krieger Institute seeks a Payment Posting Analyst to support the Patient Accounting department with archiving and processing electronic payments and files, identifying trends and process improvements in posting practices.

You will review payer posting issues, coordinate daily wires and lockboxes, and work with the Epic system to ensure accurate posting and timely reconciliations, while assisting staff with EOBs and inquiries.

Qualifications

• Must obtain CRCS certification within one year of hire date.
• Associate degree or 60 college credits in Accounting, Finance, or related field required; Bachelor's preferred.
• Minimum one year of office experience; healthcare billing or posting experience preferred.

Responsibilities

• Review payer posting-related problems and trends; determine if further action is needed.
• Prepare strategies to improve payment posting policies and SOPs.
• Coordinate daily wires and lockboxes; ensure payments posted to billing system daily.
• Assist staff with obtaining and updating National Provider Identifier numbers.
• Prepare monthly reconciliation reports; analyze for discrepancies.
• Maintain work queues and reconcile PLB accounts monthly.
• Assist staff with EOBs and payment backup; respond to inquiries.
• Work with Epic team to resolve load/process errors and validate posting accuracy.
• Answer department calls and resolve payment posting issues.
• Complete special projects supporting Patient Accounting and Finance.

Skills

Analytical thinking

Attention to detail

Communication skills

Education

Associate degree or 60 college credits in Accounting/Finance/Business Administration

Bachelor’s degree preferred

Tools

Epic

Microsoft Office

Scanning hardware

Job description

The Payment Posting Analyst is responsible for supporting the Patient Accounting department with a wide variety of technical and office support needs, including the orderly archiving and processing of electronic payments and files. This staff member will work with management and staff to identify trends and process improvement opportunities in the payment posting function of patient accounting.

• Review and analyze payer posting-related problems and trends. Assist in determining whether further action is required for resolution or if additional analysis is required.
• Prepare and develop strategies to improve policy development and standard operating procedures for payment posting.
• Coordinate and organize the payment posting of daily wires and lockboxes and ensure daily cash and credit card payments are posted into the billing system daily.
• Assist Kennedy Krieger Institute staff with obtaining and updating their National Provider Identifier numbers.
• Prepare and complete monthly reconciliation reports for Finance. Analyze reports for discrepancies to ensure posting accuracy.
• Work through and maintain assigned work queues.
• Reconcile undistributed and Provider-Level Adjustments (PLB) accounts monthly.
• Assist Patient Accounting staff with locating Explanations of Benefits (EOBs) and payment backup.
• Review and respond to payment posting inquiries.
• Work with Epic team to identify and resolve any load or process errors and analyze payment information in Epic for accuracy.
• Answer incoming department phone calls.
• Research, escape, and resolve any payment posting issues and discrepancies.
• Complete special projects as needed to support the Patient Accounting and Finance departments.

QUALIFICATIONS

Must obtain CRCS certification within one year of hire date.

EDUCATION

• Associate degree or High School Diploma/GED with at least 60 college credits in Accounting, Finance, Business Administration, or related discipline required.
• Bachelor’s degree preferred.

EXPERIENCE

• Previous experience in medical payment posting is preferred.
• Some experience with archiving electronic data and using hardware such as scanners, printers, and related computer equipment preferred.
• Minimum of one year of experience in an office setting and supporting administrative and clerical office operations preferred.
• Previous experience in a billing office is preferred.
• Prior experience working with Provider-Level Adjustments preferred.

USD $40,043.12/Yr.

USD $66,204.53/Yr.