Payment Processing Specialist

1 month ago


Vizag, Andhra Pradesh, India 2coms Full time
Job Description

About the Role

The Payment Processing Specialist is a key member of our Revenue Cycle Management team at 2coms. This role involves accurately and efficiently processing patient payments within our medical billing system. The ideal candidate will possess strong attention to detail, excellent data entry skills, and a commitment to ensuring timely and accurate payment processing.

Key Responsibilities

  • Payment Processing: Accurately and timely process patient payments, including paper EOBs, checks, virtual credit card payments, and EFT/ERAs.
  • Data Entry: Efficiently input payment information into the medical billing system, ensuring data accuracy and integrity.
  • Verification: Verify payment information against patient accounts and insurance coverage to prevent errors and discrepancies.
  • Research and Resolution: Investigate and resolve payment discrepancies or processing errors in a timely manner.
  • Compliance: Adhere to all relevant regulatory guidelines and company policies related to payment processing.
  • Reporting: Prepare and submit required payment processing reports including recoupments, and bank reconciliation.
    • Minimum 1-2 years of experience in medical billing or a related field preferred.
    • Strong attention to detail and accuracy.
    • Excellent data entry skills and proficiency in Microsoft Office Suite.
    • Knowledge in bank reconciliation.
    • Ability to work independently and as part of a team.
    • Strong organizational and time management skills.
    • Knowledge of medical terminology and insurance billing practices is a plus.
    • Knowledge in CMS, Workers Compensation and No-Fault medical claims and payments is a plus.



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