Senior Payment Specialist

Responsibilities

Independence Physician Management (IPM), a subsidiary of UHS, was formed in 2012 as the physician services unit of UHS. IPM develops and manages multi-specialty physician networks and urgent care clinics which align with UHS acute care facilities. It also provides select services for the Behavioral Health division of UHS. Through continuing growth, IPM operates in 11 markets across six states and the District of Columbia. Our leadership team, practitioners, and teams of healthcare professionals are collectively dedicated to improving the health and wellness of people in the communities we serve.

To learn more about IPM visit Physician Services - Independence Physician Management - UHS.

Position Overview::

The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools.

Key Responsibilities include:

• Breaking down ACH's lockboxes and credit card payments for assigned markets.
• Reconciles processed work by verifying entries and comparing system reports to balances for both the CBO and the markets.
• Maintains and balances journal entries daily and monthly for the finance department's general ledger.
• Identify variances related to the journal entries vs. bank statements and communicate findings to the Payment Specialists to research and post outstanding payments.
• Communicate offsets and variances to management & finance. Work closely with finance to resolve discrepancies.
• Participates in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement.
• Serve as back-up for the Payment Specialists as needed.

Qualifications

High School Graduate/GED required. Associate's degree preferred.

• Experience (5-8 years minimum) working in a healthcare (professional) billing, health insurance or equivalent operations work environment.
• Healthcare (professional) billing, knowledge of CPT/ICD-10 coding, claim submission requirements and remittance processing.
• Understanding of the revenue cycle and how the various components work together preferred.
• Reconciliation/balancing and accounting knowledge required.
• Ability to handle data entry accurately in a high-paced environment.
• Ability to reconcile data and identify discrepancies.
• Ability to obtain/manipulate necessary reports in CPM, balancing spreadsheets, and daily deposit spreadsheets
• Excellent organization skills, attention to detail, research and problem solving ability.
• Results oriented with a proven track record of accomplishing tasks within a high-performing team environment.
• Service-oriented/customer-centric.
• Strong computer literacy skills including proficiency in Microsoft Office.

As an IPM employee you will be part of a first-class organization offering:

• A Challenging and rewarding work environment.
• Competitive Compensation & Generous Paid Time Off.
• Excellent Medical, Dental, Vision and Prescription Drug Plans.
• 401(K) with company match.

Independence Shared Services does not accept unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of Independence Shared Services. No fee will be paid in the event the candidate is hired because of the referral or through other means.

About Universal Health Services:

One of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) has built an impressive record of achievement and performance. Growing steadily since its inception into an esteemed Fortune 500 corporation, annual revenues were $15.8 billion in 2024. UHS was again recognized as one of the World's Most Admired Companies by Fortune; listed in Forbes ranking of America's Largest Public Companies. Headquartered in King of Prussia, PA, UHS has approximately 99,000 employees and continues to grow through its subsidiaries. Operating acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points, an insurance offering, a physician network and various related services located all over the U.S. States, Washington, D.C., Puerto Rico and the United Kingdom.

EEO Statement:

All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws. We believe that diversity and inclusion among our teammates is critical to our success.

We believe that diversity and inclusion among our teammates is critical to our success.

Notice:

At UHS and all our subsidiaries, our Human Resources departments and recruiters are here to help prospective candidates by matching skillsets and experience with the best possible career path at UHS and our subsidiaries. We take pride in creating a highly efficient and best-in-class candidate experience. During the recruitment process, no recruiter or employee will request financial or personal information (Social Security Number, credit card or bank information, etc.) from you via email. The recruiters will not email you from a public webmail client like Hotmail, Gmail, Yahoo Mail, etc. If you are suspicious of a job posting or job-related email mentioning UHS or its subsidiaries, let us know by contacting us at: or View phone number on click.appcast.io