Payment Posting Specialist

at  Prism Health North Texas

OUR CORE VALUES

The culture at Prism Health North Texas is built on our shared Core Values. We make hiring, firing, promotion and performance review decisions based on these values and behaviors, so it is important that you also share these Core Values:

• We are solution seekers. The organization’s founders found solutions even during the AIDS crisis of the 80’s; we remain proactive, thrive on change, and always willing to take the lead.
• We have a can-do attitude. We are flexible, agile, and never say, “It’s not my job.” We always seek growth, and we are never late but always willing to stay late to see the last patient.
• We are mission driven. We are committed to health equity; recognize all contributions are meaningful and valued. It is never about the me or I, but about the we.
• We care about people. We celebrate diversity, equity, and inclusion; we are kind and practice acts of kindness, all in service to our patients and each other.

General Descriptions:
As a member of the Cash Management team, the Payment Posting Specialists supports the Senior Director, Revenue Cycle and the Director, Cash Management/Front Office Services and is responsible for the Daily Cash Reconciliation and Payment Posting of Point of Service/insurance payments and as part of the Month End process.

JOB RESPONSIBILITIESSpecific Responsibilities of the Job:

• Prepare and deposit all payments from Prism Health/UPG locations daily, including checks received in the Administration offices at Junius.
• Balancing all payments for deposit against Batch’s provided by each location.
• Position requires daily travel to each Prism Health and UPG locations.
• Reconcile bank statements from the previous business day against the deposit amounts for each Prism Health and UPG locations.
• Complete Collections spreadsheet by posting daily payment deposits by payer (insurance, government, patient).
• Post all payments based on the Bank Statement from the previous business day into the EMR Systems accurately within established department standards.
• Post payments along with the appropriate contractual adjustments based on agreements with commercial, government, and established patient payment discounts.
• Post payment corrections, payment transfers, NSF’s, and inter-facility transfers when necessary.
• Daily Reconciliation of Deposits Total, balancing back Bank Statement to Cash Collection spreadsheet.
• Daily Reconciliation of Payments Posted, balancing back Cash Posted EMR report(s) to Cash Collection spreadsheet by payer.
• Reconciling daily payments posted by third parties (CPa & PGM) against daily bank statements and EMR reports.
• Monthly Reconciliation of Bank Deposits, balancing back deposits against Monthly Collections spreadsheet and General Ledger reports as part of Month End Process.
• Monthly Reconciliation of Payments Posted, balancing back posted payments against Monthly EMR cash reports and General Ledger reports as part of the Month End Process.

REQUIRED SKILLS AND QUALIFICATIONSREQUIRED KNOWLEDGE, SKILLS, AND ABILITIES

• Demonstrated knowledge of Payment Reconciliation and Bank Deposit procedures.
• Demonstrated knowledge of Payment Posting for commercial, government, and patient healthcare payment sources.
• Reliable mode of transportation, valid driver’s license, and clean driving record
• Advanced MS Excel skills including Vlookups and pivot tables.
• Ability to review payer Explanation of Benefit or Remits to follow payment posting guidelines.
• Ability to meet tight deadlines
• Excellent analytical and organization skills.
• Excellent written and oral communication skills.

Education and Experience:

• High School Diploma or equivalency.
• A minimum of 2 years’ experience in a payment posting or cash reconciliation role.

• Prepare and deposit all payments from Prism Health/UPG locations daily, including checks received in the Administration offices at Junius.
• Balancing all payments for deposit against Batch’s provided by each location.
• Position requires daily travel to each Prism Health and UPG locations.
• Reconcile bank statements from the previous business day against the deposit amounts for each Prism Health and UPG locations.
• Complete Collections spreadsheet by posting daily payment deposits by payer (insurance, government, patient).
• Post all payments based on the Bank Statement from the previous business day into the EMR Systems accurately within established department standards.
• Post payments along with the appropriate contractual adjustments based on agreements with commercial, government, and established patient payment discounts.
• Post payment corrections, payment transfers, NSF’s, and inter-facility transfers when necessary.
• Daily Reconciliation of Deposits Total, balancing back Bank Statement to Cash Collection spreadsheet.
• Daily Reconciliation of Payments Posted, balancing back Cash Posted EMR report(s) to Cash Collection spreadsheet by payer.
• Reconciling daily payments posted by third parties (CPa & PGM) against daily bank statements and EMR reports.
• Monthly Reconciliation of Bank Deposits, balancing back deposits against Monthly Collections spreadsheet and General Ledger reports as part of Month End Process.
• Monthly Reconciliation of Payments Posted, balancing back posted payments against Monthly EMR cash reports and General Ledger reports as part of the Month End Process