Payment Application Specialist

RAYUS Radiology•St. Louis Park, MN

2d•Onsite

About The Position

RAYUS Radiology is looking for a Payment Application Specialist to join their team. This role ensures accurate and timely posting of payments, discounts, and adjustments. The company is focused on challenging the status quo in radiology and making it a critical first step in diagnosis and proper treatment.

Requirements

High school diploma or equivalent
1+ years medical business office experience or a graduate of a medical billing program
Proficient in Microsoft Office and previous data entry experience

Responsibilities

Obtains the necessary documentation required to post receipts, denials and correspondence
Ensures that receipts, discounts and adjustments are accurately posted to patient accounts in a timely manner to meet department goals on a daily and monthly basis
Enters coordination of benefits data accurately for secondary claim processing
Verifies batch totals, edits, reconciles and updates payment batches
Interprets denials and correspondence for proper denial code posting in the billing system
Identifies missing remittances and takes the necessary steps to obtain the appropriate documentation required to post receipts, discounts and adjustments
Escalates atypical remittances, CMS and Managed Care Payer notifications to Manager, Cash Applications for review
Reconciles each bank account to ensure all receipts are posted prior to closing the month
Ensures all receipt batches balance and tie to bank deposits
Performs other duties as assigned