Job Overview
Join our dynamic team in NC, where you will play a crucial role in posting payments and reconciling payment postings to patient accounts and various general ledger accounts.
Responsibilities and Duties
Essential Duties and Responsibilities
- Ensure all cash is posted to the accounts receivable and balanced to cash received.
- Receive daily deposit of insurance checks and forward them to appropriate parties for information.
- Responsible for ensuring that the lock-box is opened and sorted in a timely manner.
- Prepare notice of items that cannot be applied to a specific invoice; research and supply back-up information.
- Prepare necessary adjusting entries for reimbursement variances, ensuring appropriate records are maintained for cost reporting.
- Research any cash application problems, and take appropriate corrective action, assuring data accuracy and submission in accordance with processing deadlines.
- Post all payments and write-offs to the appropriate accounts, maintaining the highest quality for each transaction processed.
- Determine denial codes for clear communication of the reason for the balance due on the statement to patients.
- Contact insurance companies on questionable EOB's.
- Verify that the payment received is paid per the specific payer contract.
- Ensure the posting of payments is done within a 48-hour turnaround time.
Education and/or Experience
- Associate degree in Accounting required.
- Three years in a medical office setting preferred.
- Prior experience using electronic scheduling and electronic medical software is a plus.
- Knowledge of ICD-10, CPT, HCPCS, and the use of modifiers preferred.
- Knowledge of physician billing and/or collections.
- Typing speed of 55 wpm and the ability to use a calculator.