Payment Poster

Payment Poster Payment Posting Specialists are responsible for the timely posting of manual and electronic payments received by insurance payers. Payments should be posted to the company's internal billing system utilizing information obtained from the clearinghouse and posting paper EOBs. Tasks Maintain complete, timely, and accurate documentation of all payments, Denials and adjustments. Analyze EOBs, balancing insurance and patient payments, and perform adjustments and credits as needed, all within a clearly defined month-end Close goal. Demonstrate knowledge and understanding of Explanation of Benefits (EOB's) or Electronic Remittance Advice (ERA) Define the purpose of an EOB /ERA Read and understand all aspects of an EOB/ERA - One should be able to Define and verbalize how the following terms pertain to the payment process: billed amount; allowed amount; deductibles; coinsurances; co-payments. Meet interdepartmental posting goals. Meet monthly closing deadlines. Demonstrate the ability to post in all systems. Post all line-item payments. Post and document all retractions/offsets Post all cash or credit card payments. Run and analyze balanced reports daily to ensure accurate posting. Minimize posting errors. Maintains confidentiality of and compliance with all company and patient information by federal, state, and local regulations, HIPAA regulations and Company policies Other duties as assigned. Education: High School Diploma (GED) Associate degree (preferred) Requirements: 2 – 4 years’ experience in payment posting Experience in healthcare insurance and banking is greatly preferred. Computer Savvy!!! Self-Starter