Payment Reconciliation Specialist – Physical Therapy, Medical Payments, EHR

This is a fully remote position, open to applicants in Alabama, +16 more states.

📋 Description

• Ensure the accurate receipt of deposits, balancing, and reconciling daily, weekly, and monthly bank deposits.

• Execute payment posting and follow up on payments, with a focus on timeliness, quality, and precision.

• Update and manage reconciliation logs and spreadsheets effectively.

• Review, investigate, and reconcile deposits along with supporting documentation to ensure accurate posting.

• Research and resolve outstanding deposits by communicating with clients and payers as necessary.

• Investigate and gather information needed to rectify posting errors and conduct follow-ups.

• Take part in the month-end closing process.

• Retrieve and post remittances from payer websites when required.

• Investigate unidentified payments and recoupments to ascertain the appropriate resolutions.

• Identify patterns and trends that may indicate potential issues and alert leads or supervisors.

• Respond to client inquiries and provide necessary information.

• Reconcile daily cash deposits with the billing system and bank records.

• Complete special projects and assignments as designated.

⛳️ Requirements

• A minimum of 3 years of experience in medical insurance posting.

• Familiarity with payer contracts and government reimbursement regulations.

• Proficient in Microsoft Office, including Outlook, Excel, and Word.

• Competent in Google applications.

• Skilled in using computer applications for payment posting.

• Understanding of accounts receivable follow-up processes.

• Knowledge of insurance and reimbursement policies.

• Experience with medical billing software; familiarity with Raintree Systems is a plus.

• Basic understanding of accounting principles and math skills.

• Basic proficiency in AI to identify efficiency improvements and streamline workflows.

• Strong written and verbal communication abilities.

• Capability to work independently as well as collaboratively within a team.

• Excellent organizational skills and meticulous attention to detail.

• Ability to prioritize tasks, complete them on time, and meet deadlines.

• Must adhere to HIPAA regulations, HR policies, standard operating procedures, and corporate initiatives.

• Must be legally authorized to work in the United States.

• Must not require sponsorship for an employment visa.

🏝️ Benefits

• Remote-first work environment.

• Paid Time Off.

• 11 Paid Holidays.

• Year-End Holiday Break.

• Health insurance coverage.

• Dental insurance coverage.

• Vision insurance coverage.

• Health Savings Account/Flexible Spending Account (HSA/FSA).

• 401K plan with company match.

• Disability insurance.

• Life insurance.

• Employee Assistance Program.

• Paid parental leave.

• Opportunities for career growth and professional development.