Job description
We are currently seeking a detail-oriented and analytical Payment Posting Executive with 1-3 years of experience in US Medical Billing to join our team. The Payment Posting Executive will be responsible for accurately recording and reconciling payments received from insurance companies and other payers, ensuring timely and accurate account reconciliation.
Responsibilities:
- Receive and process payments, remittances, and EOB from insurance companies, government payers, patients, and other third-party sources.
- Verify payment accuracy and consistency with contracted fee schedules, payer policies, and claim submissions.
- Post payments and adjustments to patient accounts in billing software or electronic health records (EHR) systems accurately and promptly.
- Identify and resolve discrepancies or discrepancies in payment posting, working closely with billing managers and finance staff as needed.
- Reconcile posted payments with corresponding claims, invoices, and billing records to ensure accuracy and completeness.
- Investigate and resolve payment posting errors, denials, and rejections in collaboration with coding specialists and claims processors.
- Apply appropriate adjustments, write-offs, and refunds according to payer guidelines and organizational policies.
- Generate and distribute reports on payment posting activities, account balances, and aging analysis as needed.
- Stay informed about changes in payer reimbursement policies, billing regulations, and industry best practices related to payment posting.
Requirements:
- Graduate/Undergraduate.
- Minimum of 1-3 years of experience in payment posting or medical billing, preferably in a US healthcare setting.
- Knowledge of medical terminology, CPT/HCPCS codes, ICD-10 coding, and insurance billing procedures.
- Familiarity with commercial and government payers, including Medicare, Medicaid, and commercial insurance carriers.
- Proficiency in using billing software, electronic health records (EHR), and Microsoft Office applications.
- Strong attention to detail and accuracy in data entry and reconciliation.
- Excellent analytical and problem-solving skills, with the ability to identify and resolve payment discrepancies efficiently.
- Excellent communication and interpersonal skills, with the ability to work effectively in a team environment.
- Ability to prioritize tasks, manage workload efficiently, and meet deadlines in a fast-paced environment.
- Night Shift (US Shift).
- Work from Office.
Job Types: Full-time, Permanent
Pay: ₹360,000.00 - ₹480,000.00 per year
Ability to commute/relocate:
- Dehra Dun, Dehra Dun - 248001, Uttarakhand: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Work: 1 year (Required)
Shift availability:
- Night Shift (Required)