Payment Posting Specialist is responsible for day to day processing of remittances. This responsibility includes posting electronic and paper remittances (inclusive of payments, adjustments, credits, and denials) from all payers into multiple practice management systems. This individual is also responsible for agreeing bank deposits with the practice management system, effective/efficient record retention of all financial documents, and the timely processing of payments for the closing process.


JOB DUTIES / RESPONSIBILITIES
1. Processes Electronic Remittance Advices (ERAs) and paper remittances.
2. Analyzes explanation of benefits statements (EOBs) from multiple insurance companies.
3. Posts and updates payments, partial payments, adjustments, credits, and denials to appropriate patient accounts in a timely manner.
4. Reviews monthly “Payment Report” to ensure all payments are reconciled.
5. Updates immediate supervisor of all issues relating to the review of all outstanding balances or unresolved issues.
6. Maintains a liaison with the Insurance Verification Coordinator for update of insurance information.
7. Agrees bank deposits with the practice management system. Prepares detail schedule of payments received by program for entry by the accountants into the general ledger system.
8. Responsible for effective and efficient record retention of all financial documents (including ERA’s, paper remittances, EOB’s, reconciliations, and reports).

Formal education required :
High School diploma. Some college desirable.
Previous experience required:
Knowledge of Microsoft Word and Excel a must. Experience with the posting process and practice management systems preferred but not required. We will train the appropriate individual.

Join our fabulous team of professionals where big hearts help little patients!
We RECOGNIZE ability and REWARD excellence. We offer a competitive salary and generous benefits:

• Excellent individual/family benefits
• Generous paid time off
• Tuition reimbursement
• Life insurance
• Flexible spending accounts
• 403(b) retirement plan

St. Mary’s Healthcare System for Children is committed to nurturing a compassionate environment that welcomes all children, young adults, families, and staff; built on the belief that what makes us different makes us stronger, and provides unity throughout our community.
St. Mary’s Healthcare System for Children is an Equal Opportunity Employer M/F/D/V/SO