Payment Poster Job Description
Payment poster
provides relief to Admitting, Office Assistant, Insurance Verifier and Scheduling, and month end processing as required.
Payment Poster Duties & Responsibilities
To write an effective payment poster job description, begin by listing detailed duties, responsibilities and expectations. We have included payment poster job description templates that you can modify and use.
Sample responsibilities for this position include:
Posts all payments and adjustments daily
Contacts payer and initiates request for payment
Initiates refunds of identified overpayments
Performs appropriate follow-up with payer for payment
Enters refunds in the AdvantaX system in a timely manner
Prepares Check Registry for all refunds and submits to AP
Submits underpayments and overpayment information to appropriate Collector for follow-up
Performs weekly allocation of deposits
Maintains a credit balance of 1.0 days
Ensures accurate transfer of patient account balances to AdvantX system
Payment Poster Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Payment Poster
List any licenses or certifications required by the position: CRCR
Education for Payment Poster
Typically a job would require a certain level of education.
Employers hiring for the payment poster job most commonly would prefer for their future employee to have a relevant degree such as Associate and Bachelor's Degree in Associates, Education, Accounting, Technical, Medical, Business, Medical Billing, Graduate, General Education, Surgery
Skills for Payment Poster
Desired skills for payment poster include:
General accounting principles
Invoicing
Orders
Electronic Remittance Summary posting
Managed Care
Federal
State procedures/regulations related to accounting
MS Office and Excel
CPT coding
Excel
Desired experience for payment poster includes:
Follows-up to ensure resolution for cash balance error and bank reconciliation
Researches and correct all transactions relating to unapplied cash and any other cashiering transactions needed
Posts and balances batches to tape totals
Ensures accurate processing of all transactions, as per BDP guidelines
Ensures professional verbal and written communication with facilities, clients and co-worker following established guidelines
Post correspondence
Payment Poster Examples
1
Payment Poster Job Description
Job Description Example
Our company is looking for a payment poster. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for payment poster
- Balances cash daily
- Performs appropriate follow-up with payor for payment as appropriate
- Payment Posting and Matching
- Resolve all payments with missing Explanation of Benefits (EOB)
- Close and update daily payment batches
- Identify accounts that require refunds
- Ensure line items adjustments are performed at time of payment
- Be familiar with HIPAA and PHI guidelines
- 835 electronic payment matching
- Must be trained on the enterprise task manager (ETM) system
Qualifications for payment poster
- Demonstrates a high degree of accuracy and analytical skills
- Report problems and issues to the Patient Accounts Supervisor and Manager status of workload for the payment posting, zero voucher posting, and refund processing for individual assigned Billing Areas
- Must have 2+ yrs experience in medical cash posting and an understanding of the A/R cycle
- Previous experience with Rehab Toolkit highly preferred
- Team player attitude, energetic, able to multi-task, with a focus on excellent customer service are key
- Must be a self-starter with strong organizational skills
2
Payment Poster Job Description
Job Description Example
Our company is looking to fill the role of payment poster. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for payment poster
- Responsible for processing and posting incoming payments, reconciling receipts and adjusting patient accounts
- Responsible for downloading and posting all incoming patient and insurance payments on a daily basis
- Posts all incoming correspondence
- Research for possible posting errors
- Includes other responsibilities and duties as assigned based upon business needs or requirements
- Lockbox - Must be able to post minimum of 6,300 transactions per month
- Med-Cal - Must be able to post minimum of 8,100 transactions per month
- Medicare and Transplant - Must have a maximum of 4 days lag from the most current batch
- Verify expected reimbursement and adjustment based upon the provided contract list
- Reconcile and correct any basic batch balance inconsistencies with accuracy and speed
Qualifications for payment poster
- Proficiency and ability to use computer automated accounting system (Advantx)
- Demonstrates accountability, integrity, professionalism, receptive to change, creativity and innovative
- Minimum 2 years of Payment Posting experience
- Cash Applications Specialist must have experience posting insurance and patient payments, cash applications, cash posting for physician and hospital services
- Cash Applications Specialist must have experience applying cash, check, credit card, Explanation of Benefits, EOB, EFT, and lock box payents
- Cash Applications Specialist must have experience managing accounts receivable and accounts payable
3
Payment Poster Job Description
Job Description Example
Our company is hiring for a payment poster. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for payment poster
- Complete all required paperwork accurately and in a timely manner
- Posting of cash, denials, contractuals, and patient due portions correctly and compliantly
- To resolve denials, produce secondary claims, or appeal payment discrepancies
- When required make collection calls and/or correspondence to payors for bulk resolution of delayed payments
- Reconciliation of accounts by processing customer refunds, review account for adjustments, resolve client/payor discrepancies and short payments
- Processing monthly refunds and obtaining appropriate signature
- Reconcile patient/payor accounts
- Advantx procedures
- Responsible for a team of 20 employees
- Responsible for financial clearance for patients
Qualifications for payment poster
- 3-4 years previous billing experience, with emphasis on surgery claims
- Cash Applications Specialist must have experience performing high volume in person and phone patient customer service in a fast paced environment
- Cash Applications Specialist must have the ability to type 40+WPM required (alphanumeric & 10-key typing)
- Minimum 2 years in medical billing and payment posting
- Knowledge in denial management, eob posting, contracts/fee schedules, daily/monthly bank and posting reconciliation for ambulatory surgery centers a plus
- Minimum 1-2 years’ experience performing follow-up to patient accounts relative to professional fee billing functions
4
Payment Poster Job Description
Job Description Example
Our growing company is looking for a payment poster. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for payment poster
- Keeps quality standards for the team
- Creates team schedule
- Gives quarterly and annual reviews on all team members
- Post patient payments to the appropriate line item charge
- Post insurance and patient payments for physician services
- Separate recived payments according to the client and post to their specific accounts
- Work in multiple practice management systems including Allscripts
- The Payment poster will work with a backlog, 80% clean-up project
- High daily volume
- Calculating payments
Qualifications for payment poster
- Minimum experience includes corresponding with patients and insurance companies in resolving patient accounts
- Minimum of 2 years’ experience in the field or in a related area required
- Knowledge related to reading an insurance EOB a plus
- Knowledge of EDI processing and EFT work experience
- Healthcare payment posting experience
- OCR experience
5
Payment Poster Job Description
Job Description Example
Our company is looking for a payment poster. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for payment poster
- Directly impact a patient’s life by ensuring all payer payments have been appropriately allocation, helping to alleviate the financial burden to patients
- Responsible for payment posting
- May reconcile accounts
- May be responsible for a complete and systematic set of transactions in a specific phase of accounting
- The primary function of this role is researching payments that come in and aren't automatically processed by their system
- Interpret financial responsibility of the patient and insurance based on the EOB attached to the payment
- Researching information in the system to track down missing information
- Process payment based on the information found
- Light phone work, including calling up insurance company to ask questions and get additional information
- Reviews and interprets EOBs (Insurance/Payers Explanation of Benefit) to ensure proper application of
Qualifications for payment poster
- Minimum of 2 years of insurance payment posting in a medical organization
- A technical and/or systems background
- 3-5 years High Volume Collections experience
- Compliance and payor regulations
- Scan Chart Procedures
- 1+ year of medical billing/medical claims experience