Medical Payment Posting Specialist
WFA Digital Insight
As the demand for skilled medical billing professionals continues to rise, with a notable 21% increase in job openings in the past year, candidates with expertise in payment posting are in high demand. Anne Arundel Dermatology's remote Medical Payment Posting Specialist role stands out for its competitive hourly rate and flexible start times. To succeed in this fast-paced environment, candidates will need strong analytical skills, attention to detail, and experience with electronic health records. With the healthcare industry's ongoing shift towards digitalization, professionals who can navigate complex medical billing systems are highly sought after. Before applying, candidates should be prepared to showcase their technical skills and ability to work efficiently in a high-volume setting.
Job Description
About the Role
The Medical Payment Posting Specialist plays a critical role in ensuring the timely and accurate processing of healthcare payments, insurance adjustments, and retractions. This position is part of the billing department at Anne Arundel Dermatology, where the successful candidate will work closely with the medical billing team to address delays or standard denials. The ideal candidate thrives in a fast-paced, high-volume environment and has a strong understanding of Explanation of Benefits (EOBs) and electronic remittance advices (ERAs).In this role, you will be responsible for the accurate processing and recording of large volumes of electronic and manual insurance and patient payments. Your day-to-day tasks will include analyzing complex EOBs to determine correct payment and adjustment distribution, balancing daily payments and adjustments, and reviewing accounts receivable reports to ensure posting accuracy.
What You Will Do
- Accurately process and record large volumes of electronic (ERA) and manual insurance and patient payments
- Read and interpret complex Explanation of Benefits (EOBs) to determine correct payment and adjustment distribution
- Balance daily payments and adjustments; review accounts receivable (A/R) reports to ensure posting accuracy
- Retrieve and process payment information through the JP Morgan Lockbox platform
- Investigate, resolve, and clear unapplied payments or posting errors
- Retrieve necessary payment and denial documentation from various insurance portals and clearinghouses
- Monitor expected payments and collaborate with the medical billing team to address delays or standard denials
- Perform other related duties as assigned by management to support the revenue cycle
- Utilize electronic health records (EHR) or specialized billing software to efficiently manage patient data
- Maintain confidentiality and adhere to HIPAA guidelines when handling sensitive patient information
- Stay up-to-date with changing regulations and industry standards in medical billing
What We Are Looking For
- Minimum 1 year of direct medical payment posting experience
- Experience utilizing JP Morgan Lockbox or similar lockbox payment processing systems preferred
- Strong working knowledge of medical billing, healthcare insurance processes, and EOB/ERA interpretation
- Experience with electronic health records (EHR) or specialized billing software highly preferred
- Proven ability to work efficiently and accurately in a high-volume, fast-paced environment
- Strong data entry skills with a high level of attention to detail
- Excellent analytical and problem-solving skills
- Ability to lift up to 15 pounds at times
- Prolonged periods of sitting at a desk and working on a computer
Nice to Have
- Certification in medical billing or a related field
- Experience with practice management software
- Knowledge of state and federal regulations governing medical billing
- Bilingual or multilingual skills
Benefits and Perks
- Competitive hourly rate
- Flexible start times between 6:30 AM and 9:00 AM
- Opportunity to work remotely
- Collaborative and dynamic work environment
- Professional development opportunities
- Access to cutting-edge technology and software
- Comprehensive benefits package, including health insurance and retirement plan
How to Stand Out
- Highlight your experience with electronic health records (EHR) and specialized billing software in your resume and cover letter to stand out as a strong candidate.
- Prepare examples of times when you efficiently resolved complex payment posting issues or discrepancies, as these will be valuable in the interview process.
- Be ready to demonstrate your knowledge of medical billing regulations, such as HIPAA, and how you ensure compliance in your work.
- Familiarize yourself with the JP Morgan Lockbox platform and similar lockbox payment processing systems to show your readiness to learn and adapt.
- Consider obtaining or highlighting any relevant certifications in medical billing to increase your competitiveness for the role.
- Show enthusiasm for continued learning and professional development in the field of medical billing, as this demonstrates your commitment to staying up-to-date with industry changes and best practices.
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