Payment Application Specialist I

UT Southwestern Medical Center • Dallas, TX

1d • Remote

About The Position

The Payment Application Specialist I works under general supervision and is responsible for the accuracy of facts and/or figures posted to patients, company and suspended and/or pending accounts. Researches and investigates accounts when posting payments from patients, insurance companies, government insurance and other third-party carriers. This is a Work From Home (WFH) position, and applicants must live within the Greater DFW area.

Requirements

• High School Diploma or equivalent
• 2 years hospital/medical office payment posting or bookkeeping experience

Responsibilities

• Process and apply payments (checks, ACH) to company, patients accounts.
• Reconcile daily cash receipts and resolve unapplied or misapplied payments.
• Research and correct payment discrepancies and variances.
• Maintain accurate records of transactions in accounting systems.
• Assist with month-end closing activities and reporting.
• Ensure compliance with company policies and internal controls.
• Posts payments received from insurance companies, Medicare, Medicaid, patients, etc., to invoices which may involve: a) Research any payment application problems; b) Verifying all documents received; c) Takes appropriate corrective action including contacting insurance companies, patients and/or other insurance carriers to resolve questions to which invoice a payment should be posted; d) Updating the Financial Status Classification (FSC) of a patient; e) Preparing journal vouchers and f) Generating invoices.
• Analyzes automatic processes for correctness and posts all edits and rejects as required. Interacts with Supervisor and Group Leader in assuring data is accurate and submitted in accordance with processing deadlines.
• Posts rejected and pre-post edits manually for payments received electronically with knowledge of electronic positing and reconciliation process.
• Research problem accounts in order to properly post payments. Elevates appropriate posting issues to Group Leader or Supervisor.
• Balances all batches and resolves discrepancies.
• Proper posting of critical company accounts, transplant, research, and complex IA accounts.
• Performs other duties as assigned.

Benefits

• PPO medical plan, available day one at no cost for full-time employee-only coverage
• 100% coverage for preventive healthcare-no copay
• Paid Time Off, available day one
• Retirement Programs through the Teacher Retirement System of Texas (TRS)
• Paid Parental Leave Benefit
• Wellness programs
• Tuition Reimbursement
• Public Service Loan Forgiveness (PSLF) Qualified Employer

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED