Payment Posting Specialist, 250 E Liberty, 8:00a-4:30p

UofL Health • Louisville, KY

4d • Onsite

About The Position

UofL Health is a not-for-profit 501(c)(3) fully integrated regional academic health system with nine hospitals, four medical centers, Brown Cancer Center, Eye Institute, more than 250 physician practice locations, and more than 1,200 providers in Louisville and the surrounding counties, including southern Indiana. With more than 14,000 team members – physicians, surgeons, nurses, pharmacists and other highly-skilled health care professionals, UofL Health is focused on one mission: to transform the health of communities we serve through compassionate, innovative, patient-centered care.

Requirements

• High School Diploma or equivalent required.
• Two years of experience as data entry in a health care environment preferred.

Responsibilities

• Accurately apply payments to the appropriate patient accounts.
• Prepare daily summary of cash received from all sources including lock boxes and bank deposits in addition to Electronic Funds Transfers (EFTs); reconciling total cash received each day to cash posted to AR system; identifying any cash not posted; obtaining remittance advices and ensuring cash is posted on correct day.
• Ensure accurate and timely payment entry.
• Post payments to practice management system.
• Post all payments within 72 hours of receipt.
• Resolve all outstanding payments by end of month.
• Post payments received through the bank lockbox/ACH, UofL Treasury and patient payments.
• Balance batches and run transaction reports.
• Reconcile all payments posted to bank deposit information.
• Post payer adjustments and rejections to the appropriate patient account.
• Ensure accurate posting of all transactions.
• Communicate with insurance payers, internal customers, when necessary, to resolve payment issues.
• Research and resolve unidentified payments.
• Maintain third-party payments through bi-weekly transfers.
• Resolve all credit balances.
• Identify accounts that require refunds, preparing all required documentation.
• Batch payments according to various payer types.
• Make copies of each check and balance original to check copies.
• Complete tasks by deadline.
• After leadership approval, responsible for transferring payments from one account to another.
• Identify and report all trends that may provide insight into payment challenges.
• Phone contact with insurance companies, patient, physician office, attorney, etc for additional information to process payment.
• Initiate refunds.
• Receive, open, and sort incoming payments for patient accounts.
• Daily run check through check scanner for deposit.
• Complete the direct deposit form and work with Finance on reporting.
• Maintain compliance with all company policies, procedures and standards of conduct.
• Attend seminars as requested.
• Perform other duties as assigned.

What This Job Offers

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