Payment Posting Specialist I

North American Partners in Anesthesia (NAPA); Raleigh (NC); Remote; USD 40,000 - 55,000; Full time

Job summary

A leading company in anesthesia services is seeking a Billing Specialist to manage charge postings, reconciliations, and daily reporting. This virtual position requires effective communication and problem-solving skills, along with a background in medical billing. The ideal candidate will reside near Raleigh, NC, and be familiar with healthcare billing regulations.

Qualifications

• Minimum 2 years experience in medical billing or patient financial services.

Responsibilities

• Perform posting of charges and payments into the practice management system.
• Reconcile electronic transactions and check payments.
• Prepare daily reports and document account activity.

Skills

Effective communication

Attention to detail

Problem-solving

Organizational skills

Flexibility

Basic math skills

Typing speed

Education

Associate's Degree in healthcare administration

High School diploma/GED

Tools

Microsoft Office

Windows OS

Job description

Responsibilities:

1. Utilize industry-standard best practices to perform all aspects of receiving, sorting, batching, and line item posting of charges and payments into the practice management system.
2. Adjust charge balances according to Payer Explanation of Benefits (EOB) and Provider Contracts prior to posting.
3. Identify allowances, deductibles, and co-insurance, ensuring accurate posting.
4. Reconcile electronic lockbox transactions, electronic remittances (ERA), and EFT payments.
5. Reconcile check payments and update the Database Reconciliation Log.
6. Post denial transaction messages and assist with processing appeals as requested.
7. Research unidentified cash and resolve misdirected payments.
8. Prepare client deposits as per the Client Services Agreement.
9. Monitor and update logs for deposits, balances, batch tracking, and daily close.
10. Prepare daily reports, including Audit Journal, Receipt Summary, Close of Day, Payments Applied, etc.
11. Document all account activity in the patient management billing system, adhering to Documentation Standards.
12. Identify escalation points and collaborate with the Supervisor of Payment Posting or delegate to resolve issues.
13. Maintain communication with other RCM staff.
14. Meet predefined RCM productivity metrics and performance standards.
15. Stay updated on changes in Federal and Third Party Billing Regulations.
16. Perform all responsibilities following Meridian's Policies and Procedures, including Confidentiality and HIPAA policies.
17. Attend required meetings and in-services.

Additional Details:

• This is a virtual position with occasional travel to our Raleigh, NC office. The ideal candidate will reside within driving distance to the Raleigh Corporate Office.

Knowledge and Experience:

• Associate's Degree in healthcare administration or related field, or High School diploma/GED with a minimum of 2 years experience in medical billing or patient financial services.

Skills:

• Effective communication skills (verbal and non-verbal).
• Attention to detail and organizational skills.
• Problem-solving and analytical skills.
• Flexibility and collaborative work approach.
• Basic math skills and ability to use a 10-key calculator.
• Typing speed of at least 50 WPM.
• Proficiency with Windows OS and Microsoft Office, including Excel and Word.
• Successful completion of competency exams and audits with at least 80% proficiency.

EEO Statement:

North American Partners in Anesthesia is an equal opportunity employer.