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Billing Specialist

2 months ago

Pinellas Park, Florida, United States Accounting Now Full time
Position Overview:
We are looking for a skilled Payment Poster to ensure the prompt and precise posting of payments received. The successful candidate will possess a minimum of two years of experience in medical billing and payment processing, along with excellent communication abilities and familiarity with practice management software.

Key Responsibilities:

Payment Posting:
  • Accurately and efficiently posts payments into the practice management system, including live checks, credit card transactions, and electronic funds transfers (EFTs) within a designated timeframe.
  • Maintains a record of batch totals, including dates and initials, on the payment receipt documentation.
  • Conducts daily balancing of batches and generates transaction reports to ensure consistency with bank and practice management records.
  • Confirms that all EFT deposits and scanned checks are posted by the month-end closing deadline.
  • Allocates unapplied payments to the appropriate date of service by payer or customer.
  • Identifies discrepancies in payments that do not meet the allowed or contracted amounts and communicates these issues to the relevant parties.
  • Provides support across various areas within the billing department as needed.
  • Stays updated on medical billing practices, insurance policies, and federal regulations.

Payment Management:
  • Responsible for retrieving payment remittances from payer portals to ensure accurate posting to the correct payer and service dates.
  • Uploads payment remittances to the designated billing folders.

Adjustments and Corrections:
  • Executes necessary adjustments for bad debts or write-offs in the practice management system promptly and accurately, following management approval.