Payment Posting Specialist, 250 E Liberty, 8:00a-4:30p

University Medical Center, Inc.; United States; On-site; USD 42,000 - 56,000; Full time

Job summary

UofL Health is seeking a Payment Posting position to accurately apply patient payments and postings in the practice management system. This role supports timely cash posting and daily reconciliation across bank deposits and EFTs.

Under supervision, you will handle payment posting, rejections, and coordination with payers, ensuring accuracy and timeliness in a busy healthcare environment.

Qualifications

• Education: High School Diploma or equivalent required.
• Experience: Two years of data entry in a health care environment preferred.

Responsibilities

• Post payments to the practice management system within 72 hours of receipt.
• Balance batches and reconcile payments with bank deposit information.
• Communicate with insurance payers and internal customers to resolve payment issues.
• Identify and resolve unidentified or misposted payments.
• Maintain documentation and assist with reporting as needed.

Skills

Payment posting

Cash handling

Data entry

Payer communications

Education

High School Diploma or equivalent

Tools

Practice management system

Bank reconciliation software

Job description

Primary Location

250 E Liberty St Address: 250 East Liberty St. Louisville, KY 40202 Shift: First Shift (United States of America)

Job Description Summary

UofL Health is a not-for-profit 501(c)(3) fully integrated regional academic health system with nine hospitals, four medical centers, Brown Cancer Center, Eye Institute, more than 250 physician practice locations, and more than 1,200 providers in Louisville and the surrounding counties, including southern Indiana. With more than 14,000 team members – physicians, surgeons, nurses, pharmacists and other highly-skilled health care professionals, UofL Health is focused on one mission: to transform the health of communities we serve through compassionate, innovative, patient-centered care.

Job Description

Accurately apply payments to the appropriate patient accounts. Prepare daily summary of cash received from all sources including lock boxes and bank deposits in addition to Electronic Funds Transfers (EFTs); reconciling total cash received each day to cash posted to AR system; identifying any cash not posted; obtaining remittance advices and ensuring cash is posted on correct day. Able to be flexible in work hours to assure cash is posted daily and within the month of payment received.

Essential Functions

Under the direct supervision of a Payment Posting Supervisor, this position provides accurate and timely posting and:

• Ensures accurate and timely payment entry:
• Posts payments to practice management system
• All payments posted within 72 hours of receipt
• Resolves all outstanding payments by end of month
• Posts payments received through the bank lockbox/ACH, UofL Treasury and patient payments
• Balances batches and run transaction reports
• Reconciles all payments posted to bank deposit information
• Posts payer adjustments and rejections to the appropriate patient account
• Ensures accurate posting of all transactions
• Communicates with insurance payers, internal customers, when necessary, to resolve payment issues
• Researches and resolves unidentified payments
• Maintains third-party payments through bi-weekly transfers
• Resolves all credit balances
• Identifies accounts that require refunds, preparing all required documentation

Other Functions

Batch payments according to various payer types. Makes copies of each check and balances original to check copies. Complete tasks by deadline. After leadership approval, responsible for transferring payments from one account to another. Identify and report all trends that may provide insight into payment challenges. Phone contact with insurance companies, patient, physician office, attorney, etc for additional information to process payment. Initiate refunds Receives, opens, and sorts incoming payments for patient accounts. Daily run check through check scanner for deposit. Complete the direct deposit form and work with Finance on reporting. Maintain compliance with all company policies, procedures and standards of conduct. Attend seminars as requested. Performs other duties as assigned.

Additional Job Description

Education: High School Diploma or equivalent required.

Experience: Two years of experience as data entry in a health care environment preferred UofL Health is a fully integrated regional academic health system with nine hospitals, four medical centers, Brown Cancer Center, Eye Institute, nearly 200 physician practice locations and more than 1,000 providers in Louisville and the surrounding counties, including southern Indiana. Additional access to UofL Health is provided through a partnership with Carroll County Memorial Hospital. With more than 14,000 team members – physicians, surgeons, nurses, pharmacists and other highly-skilled health care professionals, UofL Health is focused on one mission: to transform the health of communities we serve through compassionate, innovative, patient-centered care.