Akumin is a fast-growing organization. We are currently looking for a professional, experienced and detail oriented Payment Poster. The Payment Poster will process payments daily. Payment are posted quickly and accurately to accounts within assigned deadlines to ensure the accuracy of the company’s billing processes and billing systems.
Akumin provides competitive salaries with bonus program.
Benefit eligible employees have access to medical, dental, visions, 401 (k) and other voluntary insurance. Eligibility is based on hours worked.
The full spectrum involves receiving, sorting, batching and line item posting into the current practice management system.
Posting of electronic vouchers.
Processes all contractual adjustments as necessary to ensure appropriate third party reimbursement processing of accounts.
Accurately applies collection debt payments on appropriate accounts.
Balances daily posting batches to ensure accuracy and reconciliation of daily lockbox.
Maintains accurate documents and reports following established procedures and policies.
Posting of payments in various billing software’s to patient’s accounts accurately and within the assigned deadlines.
Responsible for ensuring all balancing and documentation guidelines are met.
Responsible for maintaining a thorough understanding of all aspects of payment posting and the explanation of benefits key data.
To work closely with various parties i.e., patients, clients, co-workers and insurance companies to quickly address and resolve issues identified.
To copy or print denials and secondary explanation of benefits on a daily basis as outlined by the Revenue Manager.
Reviews insurance Explanation of Benefits and posts payments to billing system.
Posts payments and ensures allowances, adjustments and write-offs are posted correctly.
Perform check payment reconciliations and complete deposit reports.
Reconcile electronic lockbox transactions
Reconcile electronic remittances (ERA) and EFT payments.
Identify posts denials and allocates the EOB’s for collector appeals or follow up.
Investigate unidentified cash and resolve misdirected payments.
Post refunds approved by center administrators or Revenue Manager.
Initiate fund transfers between entities when funds are miss-directed.
Preparation of daily reports as requested.
Knowledge of state, federal payers and commercial carrier guidelines and to follow policies and procedures of the institution.
Mentors less experienced staff and may assist Revenue Manager with training new employees.
Performs any other related duties as requested by Management.
High School Diploma or equivalent required and 2-5 years’ experience are required; a Bachelor’s degree is preferred.
Other Skills and Abilities