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Cash Posting & Refund Specialist

Medix
locationOak Brook, IL 60523, USA
PublishedPublished: 6/14/2022
Full Time

Job Description

Job Description

Job Summary: The ideal candidate will have a strong understanding of medical billing,
insurance payments, EOBs (Explanation of Benefits), and related financial functions.

Responsibilites: On-site position!

    • Accurately post payments from insurance companies, patients, and third-party payers to patient accounts.
    • Reconcile deposits and ensure proper allocation of payments.
    • Review and process adjustments, refunds, and denials as necessary.
    • Monitor and process insurance recoupments and ensure accurate reversal and reposting of affected transactions.
    • Investigate and resolve overpayments, including appropriate refunding or adjustment processing.
    • Manage and process unassigned refunds, researching and applying them correctly or routing to appropriate departments.
    • Identify and resolve payment discrepancies in a timely manner.
    • Work closely with internal billing, credentialing, and collections teams to address payment-related issues.
    • Maintain compliance with HIPAA and company policies.

Requirements:

    • Experience: 3+ years in medical payment posting, revenue cycle, or a related
      field.
    • Education: High school diploma or equivalent
    • Technical Skills: Proficiency in medical billing software
    • Knowledge: Strong understanding of EOBs, insurance claim payments, adjustments, recoupments, overpayments, and refund processes.

For California Applicants:

We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance (FCIHO), Los Angeles Fair Chance Ordinance for Employers (ULAC), The San Francisco Fair Chance Ordinance (FCO) , and the California Fair Chance Act (CFCA).

This position is subject to a background check based on its job duties, which may include patient care, working with vulnerable populations, access to financial and confidential information, driving, working with heavy machinery, or working in a warehouse or laboratory environment. Due to these job duties, this position has a significant impact on the business operations and reputation, as well as the safety and well-being of individuals who may be cared for as part of the job position or who may interact with staff or clients.

Company DescriptionHere at Medix, we are dedicated to providing workforce solutions to clients throughout multiple industries. We have been named among the Best and Brightest Companies to Work For in the Nation for two consecutive years. Medix has also been ranked as one of the fastest growing companies by Inc. Magazine.

Our commitment to our core purpose of positively impacting 20,000 lives affects not only the way we interact with our clients and talent, but also with our co-workers! The goal is lofty, but it is made attainable through the hard work and dedication of our teams and their willingness to lock arms together. Are you ready to lock arms with us?

Company Description

Here at Medix, we are dedicated to providing workforce solutions to clients throughout multiple industries. We have been named among the Best and Brightest Companies to Work For in the Nation for two consecutive years. Medix has also been ranked as one of the fastest growing companies by Inc. Magazine.\r\n\r\nOur commitment to our core purpose of positively impacting 20,000 lives affects not only the way we interact with our clients and talent, but also with our co-workers! The goal is lofty, but it is made attainable through the hard work and dedication of our teams and their willingness to lock arms together. Are you ready to lock arms with us?

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