PFS Posting Clerk-8115

About the role

Cash Posting Specialists are responsible for prompt, accurate, and daily posting of transactions to KHI’s accounting systems/software to ensure that patient accounts are accurately valued based on the patient’s specific insurance status.

Responsibilities

• Process several batches per day from a daily batch transactions assignment worklist.
• Complete batches with transactions from a variety of payment sources such as governmental entities, commercial insurers, client businesses, and individuals.
• Process batches that have multiple transactions per batch, including multiple patient account systems.
• Validate that payments are received in the bank before posting and review for duplications.
• Accurately post all transactions exactly as they appear on supporting documentation such as an Explanation of Benefits (EOB).
• Consistently meet productivity and quality standards.
• Balance each batch to the penny before posting.
• Perform peer review of batches completed by other team members.
• Post all payments received (regardless of payment method) with perfect balancing to deposit and remittance advices.
• Research overpayments, underpayments, recoupments, offsets, and other moderately complex transactions to ensure accurate posting.
• Correctly post miscellaneous transactions to the correct GL accounts.
• Independently research and resolve most moderately complex transactions with a high degree of accuracy.
• Regularly offer process, technology, training, or other relevant improvement suggestions to management.
• Perform other duties as assigned to support overall effectiveness of the department and organization.

Requirements

• High School Diploma or Equivalent.

Skills

• Computer and software usage abilities including web searching, spreadsheet software (Excel, OpenOffice, Google Office, or similar), and word processing (Word, OpenOffice, Google Office, or similar).
• Basic keyboarding skills.
• Demonstrated ability to read and analyze an Explanation of Benefits (EOB) or Electronic Remittance Advice (ERA).
• Familiarity with hospital billing (UB-04) and Physician billing (CMS-1500).
• Knowledge of commercial, Medicare, Medicaid, and managed care payer processes.
• Basic accounting principles for balancing and reconciling payments.
• Knowledge of general ledger postings and adjustments.
• Ability to work across multiple platforms and payer portals.
• Ability to identify discrepancies and resolve posting errors while completing fast, error-free posting of payments and adjustments.

Preferences

• One (1) or more years of experience posting transactions to an accounting system.
• One (1) or more years of experience in healthcare.
• Understanding of billing, collections, denials, and payment posting workflow.

Special Position Requirements

• Ability to sit at a computer terminal during working hours (excluding breaks and meals).
• Occasionally lifts and carries up to 35 pounds.

Blood Borne Disease Exposure Category: Category III