Payment Posting Job Description
Payment posting
provides leadership and direction for departments on pricing strategies in accordance with state and federal regulatory guidelines, CMS and Medicare Administrative Contractor rules and regulations, Medicaid specific rules and regulations, and Managed Care contract terms.
Payment Posting Duties & Responsibilities
To write an effective payment posting job description, begin by listing detailed duties, responsibilities and expectations. We have included payment posting job description templates that you can modify and use.
Sample responsibilities for this position include:
Identifies, researches, and ensures timely processing of payments and error corrections, ensuring appropriate documentation of payments, allowances, denial, rejections, are recorded on individual accounts
Serves as a member of the Cash Posting (Management/Dept/Coding/Data Entry/etc.) Team
Performs other duties as assigned, required or requested
Assist in training of new staff, remedial training of existing staff
Reports problems and issues to the Patient Accounts Supervisor status of workload for the payment posting and zero voucher posting for individual assigned Billing Areas
May generate reports on a routine basis
Balance cash
Correct all payment and other rejections in BatchNet within 7 calendar days or continue to document efforts to resolve each account
Engage other staff and facility employees (as needed) to understand and address rejections that require additional research
Document reason for deletion of all p-lines in the system per policy
Payment Posting Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Payment Posting
Typically a job would require a certain level of education.
Employers hiring for the payment posting job most commonly would prefer for their future employee to have a relevant degree such as Associate and High School Degree in Education, Accounting, Business/Administration, Medical, Health Care, Healthcare, Health Insurance, Technical, Counseling, General Education
Skills for Payment Posting
Desired skills for payment posting include:
Local levels
Regulatory guidelines at the federal
Requirements
State
Third party payment applications
Windows-based software applications
Medicare/Medicaid/CMS requirements
Microsoft Office basic applications
Billing claim and payment cycles for medical accounts
CPT and ICD codes
Desired experience for payment posting includes:
Work in a Microsoft Office environment
EPIC Registration
EPIC Payment Posting
EPIC Inquiry
Claim Forms
Rejection Reporting
Payment Posting Examples
1
Payment Posting Job Description
Job Description Example
Our growing company is looking for a payment posting. 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 posting
- Trend errors and provide data to appropriate Manager
- Notify Manager if BatchNet has not been updated
- Supervise daily task of Payment team
- Review staffing levels and staff schedules
- Oversee the training of new employees and/or a new Center
- PTO coverage
- Cross training with Billing and Collection Departments
- Communicate with Manager, BOC, and Admin
- Assist staff with questions or concerns
- Assist with monthly and quarterly credit balance reports
Qualifications for payment posting
- Ability to work effectively with staff, physicians and external customers
- Extensive familiarity with reimbursement policy(s) for in and out of network benefits levels, applicable deductible and co-insurance benefits
- Strong PC skills that include familiarity with Windows Operating Systems, Microsoft Office Products (including Word and Excel) Internet Explorer and web-based applications
- Knowledge of Managed Care products such as HMO,PPO,POS
- Process payments and credit balances for one assigned facility
- Work with Manager to review facilities DSO and ensure each facility is within goal
2
Payment Posting Job Description
Job Description Example
Our company is searching for experienced candidates for the position of payment posting. 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 posting
- Provides introductory and ongoing training and education to Cash Posting Analyst
- Trend errors and provide data to appropriate Manager/Controller
- Performs daily cashiering functions as described in cashiering staff job description
- Meets with the Manager/Controller regularly to effectively communicate and resolve cash posting issues, set and prioritize goals and improve processes
- Serve as a resource to Cash Posting Analyst
- Assure daily posting of all payments and adjustments
- Assure proper cash posting and balancing to batch totals, deposits and day end totals
- Supervise research and correction of other cash posting transactions as needed
- Assist manager with development and implementation of project and department action plans
- Perform quality reviews as required by Parallon/SSC policy
Qualifications for payment posting
- Knowledge of CPT, ICD-9 or medical terminology preferred
- Work as a liaison between team members and SSC staff
- Provides complete and accurate review of all federally funded requisitions
- Processes and sorts client information
- Processes correspondence, obtains and maintains system adjustment control
- Filing and requisition control
3
Payment Posting Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of payment posting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for payment posting
- Obtain signed RCM departmental forms any required by any state agencies and or third parties payors from patients, as needed
- Handles patient billing overflow of calls
- Identifies and processes ICD9 and LMRP coding regulations
- Efficiently post payments from the more challenging insurance companies
- Work on special projects assigned by management
- Assist in fellow teammates absence
- Identify negative system behavior
- Communicate with team lead, supervisor and department manager
- Post Blue Shield/Blue Choice Electronic Files
- Post Medicare Electronic Files
Qualifications for payment posting
- Bachelor's Degree in Finance, Accounting or a related field or equivalent combination of education and experience
- Three plus (3+) years’ experience in a management role, or five plus (5+) years’ experience in a supervisor-level role with oversight of billing and collections operations in a large, multi-specialty group practice
- Experience in setting performance expectations, performance evaluation and correction
- Detailed knowledge of healthcare, cash handling operations and reconciliation (auditing)
- Extensive background in receivables management
- Proficient in MS Word, Excel, Outlook, PowerPoint and Visio
4
Payment Posting Job Description
Job Description Example
Our growing company is hiring for a payment posting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for payment posting
- Post Self-Pay Electronic Files
- Post MVP Electronic Files
- Post WNY Electronic Files
- Post Third Party Commercial Insurance /Patient Endorsed Payments
- Reverse charged off accounts and Post Payments from Mercantile Adjustment Bureau, Rochester Credit Bureau, CBCS and IC Systems, the collection agencies representing the URMFG Self-Pay accounts
- Posting of mail-in payments (checks, money orders, bankruptcy, and CCCS payments)
- Processing direct checks
- Posting and distribution of overnight payments
- Perform initial research for payments without a readily identifiable account number attached
- Complete User Daily Balancing Sheet
Qualifications for payment posting
- Ability to present information in a clear manner
- Ability to communicate across the enterprise with physician/nursing peers, hospital management, and third party reviewers
- Innovate approach and solution oriented work ethic
- Management experience overseeing payment posting, credit reconciliation and underpayment recovery functions
- Master's Degree in Finance or Accounting or a related field
- Ability to read and understand insurance EOBs
5
Payment Posting Job Description
Job Description Example
Our growing company is looking for a payment posting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for payment posting
- Prepares lockboxes daily, by posting payments and rejections to accounts on the IDX billing system
- Photocopies EOB’s to alert billing staff to payment problems, or need of additional processing
- Posts Time of Service, credit card deposits, and journal vouchers to the IDX system
- Interacts with clinic and billing office staff
- Verifies accuracy of refund checks and posts refund debit to the IDX system
- Obtains documentation, organizes, prepares and posts negative remittances from third party payers continuing to track until resolved
- Reconciles source document totals to IDX daily
- Reviews credit balances on the IDX system and escalates appropriately
- Initiates paperwork and requests back-up documentation for overpayments, misdirected and incorrect payments
- Researches and resolves “suspense postings", by contacting third party payers, JHH and other entities, by phone and in writing, to determine the correct destination for payments
Qualifications for payment posting
- Experience in Electronic Remittance Advice and lockbox posting
- Familiar with major insurance payers and general behavior
- Experience in Sage Intergy and Medical Manager PM systems
- Effective research and observation skills
- Identify and present discrepancies and/or suggestions in payment posting job flow
- Prioritize daily tasks and projects