Payment Posting Process for Health Billing Associates

Payment Posting Process for Health Billing Associates Candidate Application: Full Name: Contact Number: Email Address: Current Location: Position Applied For: Qualification: Year of Passout: Candidate Category: Fresher / Experienced Willingness to Relocate: Yes / No Total Years of Experience: If applicable Current/Last Drawn Salary Monthly/Annual: Notice Period: Job Description: Responsibilities: EOB & ERA Payment Posting Execution: Post insurance payments, contractual adjustments, deductibles, co-insurance, and co-pays from hard copy with accuracy. Benefits and Electronic Remittance Explained Within the allotted turnaround time, submit advice files into the medical billing system. Daily Cash balance & Bank Reconciliation: To guarantee 100% financial balance with no unassigned variations, reconcile daily posted totals against bank deposit statements, clearinghouse summaries, and lockbox logs. Identification of Claim Denials and AR Routing: Examine zero-pay EOBs and partial payments, correctly tag standard Remark Codes and Claim Adjustment Reason Codes, and forward denied claims to the AR follow-up and denial management team right away. Unapplied Cash & Secondary Insurance Management: After main payments are fully posted, investigate unapplied/unallocated payment batches, discover accurate patient accounts, apply any funds that are missing, and initiate secondary or tertiary insurance billing procedures. Compliance, HIPAA, and Financial Controls: When applying for cash, strictly comply to internal audit controls, HIPAA patient privacy regulations, healthcare financial compliance requirements, and double-keying accuracy standards. Required Skills: Proficiency in interpreting intricate multi-page Explanation of Benefits EOB, Electronic Remittance Advice ERA 835 files, patient payment receipts, and insurance charge schedules from Medicare, Medicaid, Commercial, and Managed Care plans. Claim Adjustment & Denial Code Expertise: Comprehensive knowledge of contractual permitted amounts, write-offs, deductibles, co-insurance, co-pay application, and standard Claim Adjustment Reason Codes CARCs and Remittance Advice Remark Codes RARCs. Proficiency with Medical Billing Software and Clearinghouse Portals: Practical expertise with major medical billing and Practice Management PM software. Financial Accuracy & High-Speed Data Entry: To sustain zero-error batch balance, exceptional numerical accuracy, a 10-key numeric pad speed, meticulous attention to detail, and rigorous reconciling habits are required. Experience: 0 to 3 yrs Salary: Best in the Industries Immediate Joiner Mostly Preferred Interested Candidates Contact the HR ASAP Warm Regards, HR - Maria