Transaction Specialist
About The Position
The Transaction Specialist maintains systematic set of enterprise accounts receivable transaction records through posting payments, adjustments, and transactions edits to individual patient accounts and all non-patient related payments. Receives Transaction detail from patients, insurance carriers, government agencies, and legal offices and interprets and accurately post transactions into the patient accounting system. May scan checks for direct deposit, and process credit card payments. Balances daily transactions. Balances and reconciles receipts, bank statements, and makes deposits to appropriate bank accounts. Prepares and distributes payment and adjustment reports as required. Performs all adjustments and denials on insurance vouchers and self-pay accounts as required per policy. Ensures appropriate payment/adjustment detail and audits for initial appropriate payment/adjustment per contract rates, appealing underpayments if required. Documents account denials and payment variances. Responsible for billing secondary payers and patient balances. Answers patient inquiries regarding account transactions. #LI-JS1
Requirements
- Must be proficient with computer applications
- Excellent mathematical skills and ability to handle monies
- Excellent communication and customer service skills
- Strong organizational and analytical skills
- innovative with ability to identify and solve problems
- Able to adapt, prioritize and meet deadlines
- Knowledge of accounting principles
Nice To Haves
- 2 year experience with general ledger and/or accounts receivable
Responsibilities
- posting payments
- posting adjustments
- posting transaction edits to individual patient accounts
- posting all non-patient related payments
- Receives Transaction detail from patients, insurance carriers, government agencies, and legal offices and interprets and accurately post transactions into the patient accounting system
- scan checks for direct deposit
- process credit card payments
- Balances daily transactions
- Balances and reconciles receipts, bank statements, and makes deposits to appropriate bank accounts
- Prepares and distributes payment and adjustment reports as required
- Performs all adjustments and denials on insurance vouchers and self-pay accounts as required per policy
- Ensures appropriate payment/adjustment detail and audits for initial appropriate payment/adjustment per contract rates, appealing underpayments if required
- Documents account denials and payment variances
- Responsible for billing secondary payers and patient balances
- Answers patient inquiries regarding account transactions
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
