Revenue Cycle Specialist III - Payment Poster

About the Role:

ESP ENT Specialty Partners is seeking a detail-oriented Payment Posting Specialist to join our rapidly growing organization. This role is essential for maintaining accurate financial records and ensuring timely processing of insurance payments and patient accounts. As a Revenue Cycle Specialist III Payment Poster, you will serve as a critical link in our revenue cycle management process, working closely with our billing and accounts receivable team to ensure all payments are accurately recorded and reconciled. This position requires strong analytical skills and attention to detail, as you will be responsible for identifying discrepancies, resolving payment issues, and maintaining the financial integrity of patient accounts.

What You’ll Do:

• Completes payment entry in a timely and accurate manner including:

•    Accurately post insurance payments, adjustments, and patient payments to patient accounts in the practice management system

•    Review and reconcile EOBs (Explanation of Benefits) and ERAs (Electronic Remittance Advice) (must be able to read & understand an EOB)

•    Basic knowledge of payer fee schedules
•    Identify and resolve payment discrepancies and denials via exception report
•    Request refunds and process write-offs according to practice policies
•    Maintain accurate documentation of all payment posting activities
•    Communicate with insurance companies regarding payment issues
•    Balance payment batches and reconcile deposits via deposit log daily
•    Perform month-end closing procedures and financial reporting
•    Prepare and submit daily/weekly/monthly reports on payment activity as directed by management.
•    Utilize various systems for payment posting, reconciliation, and control (eCW, Payer Portals, Excel, Word, etc.)
•    Communicate effectively with other members of the team.
•    Maintain a positive and collaborative working environment with other team members.
•    Strict adherence to established SOP’s, company guidelines, policies and procedures.
•    Abides by HIPAA Policy.
•    Other duties as assigned