Payment Posting Specialist, 250 E Liberty, 8:00a-4:30p

Job PostingAccurately apply payments to the appropriate patient accounts. Prepare daily summary of cash received from all sources including lock boxes and bank deposits in addition to Electronic Funds Transfers (EFTs); reconciling total cash received each day to cash posted to AR system; identifying any cash not posted; obtaining remittance advices and ensuring cash is posted on correct day. Able to be flexible in work hours to assure cash is posted daily and within the month of payment received.Essential Functions:Under the direct supervision of a Payment Posting Supervisor, this position provides accurate and timely posting and:Ensures accurate and timely payment entry:Posts payments to practice management systemAll payments posted within 72 hours of receiptResolves all outstanding payments by end of monthPosts payments received through the bank lockbox/ACH, UofL Treasury and patient paymentsBalances batches and run transaction reportsReconciles all payments posted to bank deposit informationPosts payer adjustments and rejections to the appropriate patient accountEnsures accurate posting of all transactionsCommunicates with insurance payers, internal customers, when necessary, to resolve payment issuesResearches and resolves unidentified paymentsMaintains third-party payments through bi-weekly transfersResolves all credit balancesIdentifies accounts that require refunds, preparing all required documentationOther Functions:Batch payments according to various payer types.Makes copies of each check and balances original to check copies.Complete tasks by deadline.After leadership approval, responsible for transferring payments from one account to another.Identify and report all trends that may provide insight into payment challenges.Phone contact with insurance companies, patient, physician office, attorney, etc for additional information to process payment.Initiate refundsReceives, opens, and sorts incoming payments for patient accounts.Daily run check through check scanner for deposit.Complete the direct deposit form and work with Finance on reporting.Maintain compliance with all company policies, procedures and standards of conduct.Attend seminars as requested.Performs other duties as assigned.Education:High School Diploma or equivalent required.Experience:Two years of experience as data entry in a health care environment preferred