Payment Posting Specialist

milebluff; Mauston (WI); On-site; USD 38,000 - 54,000; Full time

Job summary

milebluff in Mauston, WI is seeking a Payment Posting Specialist to ensure accurate posting of government, commercial, and personal payments into the hospital billing system.

You will post insurance payments, reconcile deposits, balance cash batches, and collaborate with billing and patient accounts teams while maintaining HIPAA compliance.

Qualifications

• High school diploma or equivalent required.
• 1+ years of related work experience preferred.
• Experience working in insurance preferred.
• Exceptional accuracy and attention to detail required.

Responsibilities

• Post insurance and patient payments (EOBs, ERAs, lockbox, EFTs) into the hospital billing system.
• Post Insurance zero pay remittance advice.
• Post employee payroll deductions.
• Post payments received from collection agencies.
• Apply contractual adjustments and write-offs according to payer contracts and hospital policies.
• Balance daily cash batches and reconcile deposits to bank and medistream remittance advice.
• Identify and resolve posting discrepancies.
• Maintain compliance with HIPAA, hospital policies, and payer regulations.
• Collaborate with billing, denial management, and patient accounts teams.
• Assist with audit requests.
• File and scan daily posting batches.
• Maintain posting productivity and accuracy standards.

Skills

Computer skills

Analytical thinking

Attention to detail

Communication skills

Insurance knowledge

Education

High school diploma or equivalent

Job description

General Information:

Job title: Payment Posting Specialist

Schedule: Full-time, 80 hours per pay period; Monday - Friday, 8:00am-4:30pm

Weekend rotation: No weekends

Holiday rotation: Paid holidays

Position Summary:

The Payment Posting Specialist position maintains accurate posting of government, commercial, and personal payments to the appropriate system/ledger.

Position Responsibilities:

• Post insurance and patient payments (EOBs, ERAs, lockbox, EFTs) accurately and timely into the hospital billing system.
• Post Insurance zero pay remittance advice.
• Post employee payroll deductions.
• Post payments received from collection agencies.
• Apply contractual adjustments and write-offs according to payer contracts and hospital policies.
• Balance daily cash batches and reconcile deposits to bank and medistream remittance advice.
• Identify and resolve posting discrepancies.
• Maintain compliance with HIPAA, hospital policies, and payer regulations.
• Collaborate with billing, denial management, and patient accounts teams.
• Assist with audit requests.
• File and scan daily posting batches.
• Maintain posting productivity and accuracy standards.
• Maintain compliance with HIPAA, hospital policies, and payer regulations.
• Perform other duties as requested.

Position Requirements:

• High school diploma or equivalent required.
• 1+ years of related work experience preferred.
• Experience working in insurance preferred.
• Exceptional accuracy and attention to detail required.

Knowledge, Skills, & Abilities:

• Intermediate proficiency with computers is required.
• Knowledge of insurance is beneficial.
• Strong quantitative and analytical competency.
• Self-starter with excellent interpersonal communication and problem-solving skills.