Spec, Payment Posting,

At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. Founded in 1931, our mission to Save and Sustain Lives drives a culture of courage, trust, and collaboration, empowering each individual to make a meaningful impact.

About the Role

The Payment Posting Specialist is responsible for accurately posting, validating, and reconciling patient and third‑party payer payments to ensure all transactions are properly recorded within the billing system and General Ledger. This role supports the organization’s revenue‑cycle objectives through timely cash application, payment reconciliation, discrepancy resolution, and collaboration with cross‑functional teams.

Responsibilities

• Post and validate insurance and patient payments, adjustments, denials, and payer correspondence.
• Process cash and receivable transactions from checks, ACH, lockbox files, ERAs, and other payment sources.
• Reconcile payments to deposits and investigate discrepancies.
• Validate and apply electronic remittance files accurately within the billing system.
• Maintain cash posting metrics, reconcile activity to the General Ledger, and balance payment batches.
• Transfer, reallocate, and research unidentified payments to ensure accurate account application.
• Collaborate with Billing, Accounts Receivable, Customer Service, and other teams to resolve payment issues.
• Stay current on payer regulations and reimbursement practices while supporting process improvements and special projects.

Requirements

• High school diploma or equivalent; associate’s degree preferred.
• 3+ years of experience in a healthcare revenue cycle, medical billing, payment posting, cash application, or related business environment.
• Experience using billing, practice management, or revenue cycle management software.
• Knowledge of healthcare insurance, third‑party payer processes, and reimbursement methodologies preferred.
• Experience with EOBs, ERAs, EFTs, remittance advice, payment posting, and reconciliation preferred.
• Strong analytical and data‑entry skills with the ability to identify and resolve payment variances and discrepancies preferred.
• Proficiency in Microsoft Office Suite (especially Excel) and ability to efficiently navigate multiple systems and databases preferred.
• Authorization to work in the United States; the company does not sponsor employment visas.
• Flexibility to be onsite a minimum of three days per week per the flexible workplace policy.

Pay

Estimated base salary range: $44,800 – $61,600 annually. Actual compensation may vary based on location, skills, experience, and market data.

Benefits

• Medical, dental, and vision coverage starting on day one.
• Basic life, accident, short‑term disability, long‑term disability, and business travel accident insurance.
• Employee Stock Purchase Plan (ESPP) with discounted stock purchase.
• 401(k) Retirement Savings Plan with employee contributions and company matching.
• Flexible Spending Accounts (FSAs) and educational assistance programs.
• Paid holidays and paid time off (20–35 days based on length of service), family and medical leave of absence, and paid parental leave.
• Commuting benefits, employee discount program, Employee Assistance Program (EAP), and childcare benefits.