Payment Posting Specialist

General Information:

Job title: Payment Posting Specialist

Schedule: Full-time, 80 hours per pay period; Monday - Friday, 8:00am-4:30pm

Weekend rotation: No weekends

Holiday rotation: Paid holidays

Position Summary:

The Payment Posting Specialist position maintains accurate posting of government, commercial, and personal payments to the appropriate system/ledger.

Position Responsibilities:

• Post insurance and patient payments (EOBs, ERAs, lockbox, EFTs) accurately and timely into the hospital billing system.

• Post Insurance zero pay remittance advice.

• Post employee payroll deductions.

• Post payments received from collection agencies.

• Apply contractual adjustments and write-offs according to payer contracts and hospital policies.

• Balance daily cash batches and reconcile deposits to bank and medistream remittance advice.

• Identify and resolve posting discrepancies.

• Maintain compliance with HIPAA, hospital policies, and payer regulations.

• Collaborate with billing, denial management, and patient accounts teams.

• Assist with audit requests.

• File and scan daily posting batches.

• Maintain posting productivity and accuracy standards.

• Maintain compliance with HIPAA, hospital policies, and payer regulations.

• Perform other duties as requested.

Position Requirements:

• High school diploma or equivalent required.

• 1+ years of related work experience preferred.

• Experience working in insurance preferred.

• Exceptional accuracy and attention to detail required.

Knowledge, Skills, & Abilities:

• Intermediate proficiency with computers is required.

• Knowledge of insurance is beneficial.

• Strong quantitative and analytical competency.

• Self-starter with excellent interpersonal communication and problem-solving skills.