Job Description
Job Description
Primary Function:
The Payment Poster is responsible for accurately posting insurance and patient payments into the practice management system, reconciling daily deposits, and flagging any discrepancies in payments. This position plays a vital role in supporting the revenue cycle by ensuring timely and accurate recording of revenue and maintaining compliance with payer guidelines and internal billing standards.
Essential Duties and Responsibilities:
- Reviews insurance Explanation of Benefits (EOBs) and accurately posts payments into the billing system.
- Ensures that payments, allowances, adjustments, and write-offs are posted accurately and in a timely manner.
- Performs check payment reconciliations and prepares accurate deposit reports, as needed.
- Reconciles Electronic Remittance Advices (ERAs) and Electronic Funds Transfers (EFTs).
- Investigates and identifies root causes of credit balances and payment variances.
- Determines co-pay and deductible liabilities, transferring balances appropriately to secondary payers or responsible parties.
- Ensures systems used in payment posting operate efficiently and without disruption.
- Posts denied claims and may assist in processing appeals.
- Consistently meets established productivity and accuracy benchmarks.
- Resolves issues related to unidentified cash and misdirected payments.
- Analyzes billing discrepancies, implements corrective actions, and maintains thorough adjustment records.