Payment Posting Specialist at HighFive Dental Holdco LLC

Arlington, Tennessee, United States -

Full Time

Start Date

Immediate

Expiry Date

04 Feb, 26

Salary

0.0

Posted On

06 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Payment Posting, Accounts Receivable, Billing, Revenue Cycle Management, Insurance EOBs, Electronic Remittance, Analytical Skills, Attention to Detail, Organizational Skills, Communication Skills, HIPAA Regulations, Healthcare Compliance, Problem Solving, Team Collaboration, Financial Records Management, Discrepancy Resolution

Industry

Medical Practices

Description

Description Sexton & Weiskopf Oral & Maxillofacial Surgery is seeking a Healthcare Payment Posting Specialist who is responsible for accurately and efficiently posting payments received from insurance companies and patients into the healthcare provider’s accounts receivable system. This position plays a critical role in ensuring the timely and correct application of payments, resolving discrepancies, and maintaining accurate financial records. Responsibilities Accurately post payments from insurance companies, government programs, and patients into the appropriate accounts in the system. Ensure payments are properly coded and applied based on explanation of benefits (EOBs), ERA/remittance advice, and patient statements. Reconcile payments and adjustments to patient accounts on a daily basis. Identify and investigate discrepancies and take appropriate action to resolve issues. Complete end of day reconciliation process to the lockbox for cash control purposes. Work closely with the accounts receivable and billing teams if any trends are identified during the posting process. Communicate any underpayments trends identified during the posting process. Make necessary adjustments to accounts based on overpayments, underpayments, or discrepancies in payments. Ensure proper adjustments are reflected in the accounts receivable ledger to ensure secondary or patient liability. Maintain high standards of accuracy and attention to detail when posting payments and managing payment records. Ensure all transactions are processed within established timelines. Respond to internal inquiries related to payment posting, providing timely updates on payment status and resolving any issues that arise. Generate and review payment posting reports. Provide accurate information to management regarding payment trends. Adhere to healthcare industry regulations, including HIPAA, and ensure all payment posting activities comply with internal policies and external regulations. Stay up to date with updates in healthcare payment systems and ensure all new policies and protocols are adhered to during payment posting. Requirements Minimum of 2 years of experience in healthcare payment posting, billing, or revenue cycle management. High school diploma or equivalent; an Associate's degree in healthcare administration, finance, business, accounting, or a related field is preferred. Familiarity with insurance payment structures, Insurance EOBs (Explanation of Benefits), and remittance advice for large healthcare providers or central business offices, preferably for practices with more than 50+ providers. Familiarity with electronic remittance and electronic posting process. Strong analytical skills with the ability to identify and resolve payment discrepancies efficiently. Proficiency in healthcare billing software and electronic payment systems. Exceptional attention to detail and excellent organizational skills. Strong communication skills, both written and verbal, to effectively interact with team members and patients. Ability to work independently and collaboratively within a fast-paced environment. Knowledge of HIPAA regulations and healthcare compliance requirements. Benefits Medical, Dental and Vision Insurance Life Insurance Long and Short-Term Disability Paid Time Off 401(K) with Company Match We look forward to hearing from you!

Responsibilities

The Payment Posting Specialist is responsible for accurately posting payments from insurance companies and patients into the accounts receivable system. This role involves reconciling payments, resolving discrepancies, and maintaining accurate financial records.