Emerging RCM Position Payment Posting Executive Job Description: The Revenue Cycle Management (RCM) process's financial record-keeper is the Payment Posting Executive. Applying insurance company and patient payments, changes, and denials to the appropriate claims in the billing system is your main task. You convert the information from Electronic Remittance Advice (ERA) and Explanation of Benefits (EOB) into real financial balances. Maintaining an accurate "Accounts Receivable" (AR) and spotting underpayments or incorrect denials early on are critical tasks in medical billing. The ideal applicant excels in a high-volume data environment, has an excellent eye for numbers, and knows the difference between write-offs and contractual adjustments.

Key Duties Downloading and posting electronic remittances (ERAs and EOBs) Provide guidance and manually input information from the paper Explanation of Benefits into the billing program. Payment Allocation: To keep the ledger balanced, correctly allocate payments to each claim's unique line item. Denial Capture: Locate denial codes, enter them into the system, and promptly forward them to the coding team for correction or the AR team for follow-up. AdjustmentPosting: Implement contractual modifications in accordance with insurance provider agreements and handle valid write-offs as permitted by the provider. Reconcile and post payments including co-pays, deductibles, and self-pay balances—that are received directly from patients. Secondary Billing Trigger: Verify that the system appropriately initiates the reimbursement to either the patient or the secondary insurance when the primary insurance payment is posted.

We invite you to apply and explore this exciting opportunity! Warm Regards, HR - Maria 88708 33430 infohrmaria04@gmail.com »