Remit Posting and Reconciliation Specialist

1 day ago


El Paso, Texas, United States University Medical Center of El Paso Full time

Job Summary

The Remit Posting and Reconciliation Specialist plays a crucial role in the management of accounts receivable and the collection of payments at the University Medical Center of El Paso. This specialist is responsible for receiving and processing all remits from insurance companies on a daily basis, including electronic, lockbox, and Explanation of Benefits (EOB) details. The specialist posts payments, identifies undistributed payments, credit balances, and documents all activities in the patient account. Ensuring that payments are appropriately applied to accounts and identifying and reconciling variances in a timely manner is also a key responsibility.

Key Responsibilities:

• Receives and processes all remits from insurance companies daily

• Posts payments, identifies undistributed payments, credit balances, and documents all activities in the patient account

• Ensures payments are appropriately applied to accounts and identifies and reconciles variances in a timely manner

Requirements:

• Three years of experience posting and reconciling payments for patient accounts within a hospital or related setting

• High School diploma or equivalent; Associates degree in a related field is required

• Knowledgeable of patient financial accounting processes and procedures

• Knowledge of third-party reimbursement processes and current insurance terminology

• Excellent customer service skills to effectively communicate with internal and external customers

• Analytical ability to comprehend, interpret, and explain contract terms

• Excellent oral and written communication skills

• Detail-oriented ability to set and meet deadlines and support multiple projects

• Ability to work independently as well as in a team environment

• Knowledge of computers and accounting systems

• Basic understanding of payer remittances



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