Payment Posting Specialist

Ventra Health; United States; On-site; USD 42,000 - 64,000; Full time

Job summary

Ventra Health is seeking a Payment Posting Specialist to manage monetary intake for clients across multiple facilities. The role requires posting deposits, processing 835s and EOBs, and ensuring a six-day turnaround.

You will balance batches and interpret EOB codes while supporting compliance with billing standards. The ideal candidate has a high school diploma and 2+ years of experience in healthcare payment postings and EOB interpretation, with strong math, organizational, and communication

Qualifications

• High School Diploma or Equivalent required.
• 2+ years posting insurance payments in a healthcare setting preferred.
• 2+ years reading Explanation of Benefits (EOB) statements preferred.

Responsibilities

• Posts Accounts Payable deposits.
• Processes electronic 835s and manual payer EOBs, including posting of insurance allowable, patient portions, denials, adjustments, contractual allowances, recoups and forward balancing.
• Interprets EOB remittance codes and applies correct denial codes.
• Balances and closes payment batches timely.
• Navigate websites to obtain EOBs.
• Performs special projects and other duties as assigned.

Skills

10 Key calculator

Interpersonal communication

Time management

Detail oriented

Education

High School Diploma or Equivalent

Job description

Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, pathology, and radiology. Focused on Revenue Cycle Management, Ventra partners with private practices, hospitals, health systems, and ambulatory surgery centers to deliver transparent and data-driven solutions that solve the most complex revenue and reimbursement issues, enabling clinicians to focus on providing outstanding care to their patients and communities.

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Job Summary

• The Payment Posting Specialist is responsible for the monetary intake for Ventra Health clients. The Payment Posting Specialist may be assigned between 13 -14 facilities/clients that they will be responsible for maintaining our 6 days turnaround time. Posts all deposits for current month by our month end deadline. Payment posting specialist must comply with applicable laws regarding billing standards and be able to operate in a team-oriented environment that strives to provide superior service to Ventra Health clients throughout the country.

Essential Functions And Tasks

• Posts Accounts Payable deposits.
• Processes electronic 835’s and manual payer EOBs, including the posting of insurance allowable, patient portions, denials, adjustments, contractual allowances, recoups and forward balancing.
• Interprets Explanation of Benefits (EOB) remittance codes and applies correct denial codes.
• Balances and closes payment batches timely.
• Navigate websites to obtain EOBs.
• Performs special projects and other duties as assigned.

Education And Experience Requirements

• High School Diploma or Equivalent.
• At least two (2) years of experience posting insurance payments in a healthcare setting.
• At least two (2) years of experience reading insurance Explanation of Benefits (EOB) statements preferred.

Knowledge, Skills, And Abilities

• Knowledge of insurance payer types.
• Knowledge of Explanation of Benefits (EOB) statements.
• Strong balancing and reconciliation skills.
• Strong 10 Key calculator skills.
• Strong oral, written, and interpersonal communication skills.
• Strong mathematical skills.
• Strong time management skills.
• Strong organizational skills.
• Ability to read, understand, and apply state/federal laws, regulations, and policies.
• Ability to remain flexible and work within a collaborative and fast paced environment.
• Ability to communicate with diverse personalities in a tactful, mature, and professional manner.

Compensation

• Base Compensation will be based on various factors unique to each candidate including geographic location, skill set, experience, qualifications, and other job-related reasons .
• This position is also eligible for a discretionary incentiv e bon us in accordance with company policies .

Ventra Health

Equal Employment Opportunity (Applicable only in the US)

Ventra Health is an equal opportunity employer committed to fostering a culturally diverse organization. We strive for inclusiveness and a workplace where mutual respect is paramount. We encourage applications from a diverse pool of candidates, and all qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, age, national origin, disability, sexual orientation, gender identity and expression, or veteran status. We will provide reasonable accommodations to qualified individuals with disabilities, as needed, to assist them in performing essential job functions.

Recruitment Agencies

Ventra Health does not accept unsolicited agency resumes. Ventra Health is not responsible for any fees related to unsolicited resumes.

Statement of Accessibility

Ventra Health is committed to making our digital experiences accessible to all users, regardless of ability or assistive technology preferences. We continually work to enhance the user experience through ongoing improvements and adherence to accessibility standards. Please review at https://ventrahealth.com/statement-of-accessibility/.