Cash Posting Specialist

This is a fully remote position, open to applicants in Florida.

📋 Description

• Accurately and promptly post insurance payments, patient payments, EFTs, checks, lockbox payments, and credit card transactions.

• Review Explanation of Benefits (EOBs), Electronic Remittance Advices (ERAs), and payer remittance files.

• Enter contractual adjustments, write-offs, coinsurance, deductibles, copays, and amounts due from patients.

• Process ERA files and address posting exceptions and discrepancies.

• Identify denials, underpayments, overpayments, recoupments, and discrepancies in payments.

• Allocate accounts to the proper work queues and highlight reimbursement trends and payer concerns.

• Reconcile daily deposits, payment batches, bank deposits, and remittance totals.

• Investigate and resolve unapplied or unidentified payments.

• Recognize credit balances and overpayments and assist with the refund process.

• Post claim payments and adjustments for specialty pharmacy and reconcile pharmacy payments.

• Post and review payments related to home infusion nursing, drug, supply, and administration services.

• Ensure posting accuracy by conducting self-audits, adhering to client-specific guidelines, and documenting posting activities.

• Collaborate with billing, accounts receivable, denial management, clients, and RCM teams.

• Assist with client inquiries, special projects, and reporting requests.

• Uphold HIPAA and regulatory compliance while safeguarding patient and client confidentiality.

⛳️ Requirements

• Preferred 1-2 years of experience in healthcare payment posting.

• Experience with infusion services, specialty pharmacy, home infusion, physician billing, or hospital outpatient billing is preferred.

• Preferred experience working with EOBs, ERAs, EFTs, and payment reconciliation.

• A solid understanding of medical billing and reimbursement processes.

• Knowledge of insurance payment posting and contractual adjustments.

• Familiarity with CARC and RARC denial codes.

• Understanding of Medicare, Medicaid, and commercial payer remittances.

• Strong skills in data entry and reconciliation.

• Exceptional attention to detail and accuracy.

• Ability to identify trends and discrepancies in payments.

• Proficient in Microsoft Excel and billing software systems.

• High School Diploma or GED is required.

• Capability to work remotely with occasional travel to client sites, internal meetings, and other locations as necessary.

🏝️ Benefits

• Health insurance

• Dental insurance

• Vision insurance

• Life insurance

• 401(k)

• Paid Time Off