Payment Posting Executive

Job Title: Payment Posting and Charge Entry

Job Summary:
The RCM Executive for Payment Posting and Charge Entry plays a crucial role in the revenue cycle by ensuring that all charges are entered accurately, and payments are posted correctly. This position is responsible for managing day-to-day payment and charge entry tasks, verifying financial information, and addressing discrepancies. The role requires close attention to detail and a strong understanding of healthcare billing processes to maintain the integrity of financial transactions and enhance revenue cycle efficiency.

Key Responsibilities:

Payment Posting:

• Post all patient and insurance payments accurately and promptly into the billing system.
• Reconcile payment batches daily, identifying and addressing any discrepancies.
• Post adjustments and denials, ensuring proper categorization and notation for further review if necessary.
• Collaborate with other departments to resolve payment-related inquiries and discrepancies.

Charge Entry:

• Enter all charges into the billing system based on documented procedures and medical coding guidelines, ensuring accuracy and compliance with payer requirements.
• Verify all charges against supporting documentation and communicate with providers or billing staff to resolve any inconsistencies.
• Ensure timely charge entry to maintain efficient billing cycles and prevent delays in claims submission.

Quality Assurance:

• Conduct regular audits of payment posting and charge entry transactions to identify and correct errors.
• Maintain and update policies and procedures related to payment posting and charge entry, ensuring compliance with company standards and regulatory requirements.
• Identify trends in charge entry or payment posting issues and suggest corrective actions or process improvements.

Collaboration and Communication:

• Work closely with the billing, coding, and accounts receivable teams to ensure consistency and accuracy in the revenue cycle.
• Communicate effectively with internal stakeholders to resolve issues related to charges, payments, or denials.

Reporting and Documentation:

• Prepare and maintain reports on payment posting and charge entry activities, providing insights into trends, discrepancies, or areas for improvement.
• Document all activities clearly, ensuring accurate records are maintained for compliance and auditing purposes.

Qualifications:

• Education: Bachelor’s degree in finance, Accounting, Healthcare Administration, or a related field preferred; relevant experience may substitute for formal education.
• Experience: Minimum of 2-3 years of experience in payment posting, charge entry, or related functions within healthcare revenue cycle management.
• Software’s: Proficiency in billing software NextGen, eCW, HCHB, and electronic health record (EHR) systems.
• Skills: Microsoft Office (Excel, Word). Knowledge of medical billing codes (CPT, ICD-10) is an advantage.
• Attention to Detail: Strong accuracy and attention to detail to ensure proper charge entry and payment posting, minimizing errors and discrepancies.
• Problem-Solving Skills: Ability to identify and resolve discrepancies effectively and efficiently.

Preferred Qualifications:

• Certification in healthcare billing or revenue cycle management (e.g., AAPC or HFMA certification).
• Familiarity with payer requirements, insurance billing processes, and regulatory guidelines in the healthcare industry.

*****Looking for immediate Joiners*****

Contact -
[email protected]
9606018324

Job Type: Full-time

Pay: Up to ₹450,000.00 per year

Benefits:

• Health insurance
• Provident Fund

Experience:

• Payment Posting: 2 years (Preferred)

Work Location: In person