Medical Payment Posting Specialist

OverviewMedical Payment Posting Specialist (Remote)Company: Anne Arundel DermatologyLocation: Remote (Must reside in MD, VA, NC, TN, PA, FL, or GA)Schedule:Monday - Friday, 40 hours per week. Flexible start times available between 6:30 AM and 9:00 AM.Compensation: $19.00 - 24.00/hour (Depending on experience)Job SummaryWe are seeking a detail-oriented and experienced Medical Payment Poster to join our billing department. In this role, you will be responsible for the timely and accurate posting of all healthcare payments, insurance adjustments, and retractions for both insurance carriers and patient responsibility.The ideal candidate thrives in a fast-paced, high-volume environment and has a strong understanding of Explanation of Benefits (EOBs) and electronic remittance advices (ERAs).ResponsibilitiesKey Responsibilities:Payment Posting: Accurately process and record large volumes of electronic (ERA) and manual insurance and patient payments.EOB Analysis: Read and interpret complex Explanation of Benefits (EOBs) to determine correct payment and adjustment distribution.Account Reconciliation: Balance daily payments and adjustments; review accounts receivable (A/R) reports to ensure posting accuracy.Lockbox Processing: Retrieve and process payment information through the JP Morgan Lockbox platform, ensuring payments and supporting documentation are accurately applied and uploaded into the practice management system.Discrepancy Resolution: Investigate, resolve, and clear unapplied payments or posting errors.Documentation: Retrieve necessary payment and denial documentation from various insurance portals and clearinghouses.Collaboration: Monitor expected payments and collaborate with the medical billing team to address delays or standard denials.Perform other related duties as assigned by management to support the revenue cycle.QualificationsExperience & Education:Minimum 1 year of direct medical payment posting experience (Required).Experience utilizing JP Morgan Lockbox or similar lockbox payment processing systems preferredStrong working knowledge of medical billing, healthcare insurance processes, and EOB/ERA interpretation.Experience with electronic health records (EHR) or specialized billing software is highly preferred.Skills & Abilities:Proven ability to work efficiently and accurately in a high-volume, fast-paced environment.Strong data entry skills with a high level of attention to detail.Excellent analytical and problem-solving skills.Licensure/Certifications/EducationPhysical Requirements:Prolonged periods of sitting at a desk and working on a computer.Ability to lift up to 15 pounds at times.Originally posted on Himalayas