Spec, Payment Posting

About the role

This is where your work makes a difference. At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond. Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results. Here, you will find more than just a job—you will find purpose and pride.

Responsibilities

• 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

• A high school diploma or equivalent.
• 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 the ability to efficiently navigate multiple systems and databases preferred.

Qualifications

• High school diploma or equivalent.
• Associates degree preferred.

Skills

• Detail-oriented.
• Analytical.
• Accountable.
• Highly organized.

Benefits

• Comprehensive compensation and benefits packages including medical and dental coverage, insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance.
• Financial and retirement benefits including the Employee Stock Purchase Plan (ESPP) and the 401(k) Retirement Savings Plan (RSP).
• Time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave.
• Additional benefits including commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits.

Pay

The estimated base salary for this position is $44,800 to $61,600 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors.

Schedule

Baxter has a flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission.