Payment Posting Executive
2 weeks ago
Job Summary:
We are seeking a detail-oriented and experienced Payment Posting and Reconciliation Specialist to join our medical billing team. The ideal candidate will be responsible for accurately posting payments, reconciling accounts, and ensuring that all transactions are properly documented and recorded. This role is critical in maintaining the financial accuracy of our clients.
Key Responsibilities:
Accurately post all payments received from insurance companies, patients, and other sources into the billing system.
Reconcile daily deposits and electronic fund transfers (EFTs) to ensure all payments are accounted for and discrepancies are resolved.
Verify and adjust account balances to ensure accurate billing records.
Investigate and resolve any payment discrepancies or issues in a timely manner.
Communicate with Collection team and/or onshore team to clarify payment issues and obtain necessary information for reconciliation.
Generate and review reports to monitor the accuracy and completeness of posted payments.
Maintain up-to-date knowledge of industry regulations and best practices related to payment posting and reconciliation.
Coordinate with other team members and departments to ensure smooth and efficient month end closing.
Assist with month-end closing activities and prepare necessary documentation for audits.
Perform other related duties as assigned.
Special Requirement/Comments:
Minimum of 3 years of experience in medical billing, payment posting and reconciliation.
Strong understanding of medical billing processes and payment posting.
Excellent attention to detail and accuracy.
Strong analytical and problem-solving skills.
Ability to work independently and as part of a team.
Effective communication skills, both written and verbal.
Ability to handle sensitive and confidential information with discretion.
Shift time 5:30 PM to 2:30 AM
Working days 5 Days working
Location - Andheri
Nature of Job - Voice
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