Spec, Payment Posting

Baxter • Houston, TX

3d

About The Position

This is where your work makes a difference. At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond. Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results. Here, you will find more than just a job—you will find purpose and pride. Your role The Payment Posting Specialist position is responsible for posting third-party payments using correspondence from the payer. The position is responsible to ensure that all transactions are recorded properly in the billing system and general ledger by posting and processing daily cash and receivables transactions via checks, ACH, electronic remittance files and lockbox files.

Requirements

• High school diploma or equivalent required
• 2+ years of experience in a medical related business environment required
• Billing database software experience required
• Excellent data entry sills required
• Ability to organize and prioritize workload
• Strong attention to detail while balancing high volume data entry
• Ability to work independently and manage workload
• Strong written, verbal, and interpersonal communications
• Proficiency in Microsoft Office software

Nice To Haves

• Clearinghouse, payer portal, and explanation of benefits experience preferred
• Knowledge of insurance industry and third-party payer processes

Responsibilities

• Interpret, post and validate payments and denials from third-party payers via correspondence or electronic batches
• Reconcile applied checks to deposited amounts and research variances
• Complete translation of electronic remittance advice files to link to payment and denial data claims in billing database software.
• Maintain cash metric reports and reconcile against General Ledger
• Correct or edit batches and/or electronic remittance files as assigned
• Move payments as requested by A/R team members
• Research accounts on a routine basis to ensure correct posting for unidentified payments
• Collaborate with other departments to investigate missing payments
• Reference reimbursement policies/procedures assigned to this role and keep current with changes in billing regulations, insurance specific policies, as well as company and procedures
• Identify any areas of opportunity for improved documentation or efficiency in daily work and communicate back to Revenue Cycle Supervisor for purpose of staff development and improved company performance.
• Maintain daily, positive communication and collaboration with other departments
• Perform other duties and project as assigned.

Benefits

• Baxter offers comprehensive compensation and benefits packages for eligible roles.
• Our health and well-being benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance.
• Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching.
• We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave.
• Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees