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Payment Posting & Reconciliation Consultant @Virtualstaffing

[Hiring] Payment Posting & Reconciliation Consultant @Virtualstaffing

Mar 14, 2025 - Virtualstaffing is hiring a remote Payment Posting & Reconciliation Consultant. 💸 Salary: unspecified. 📍Location: Worldwide.

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

This position oversees the overall policies, objectives, and initiatives of an organization's revenue cycle activities to optimize the patient financial interaction along the care continuum. The Payment Posting and Reconciliation Specialist assists in managing lockbox transactions that include patient account related requests for insurance payers and patients and assists with validating all forms of payments related to patient care.

  • Manages account follow-up for underpaid and overpaid claims that are obtained through the lockbox, escalating unresolved issues internally as needed to achieve resolution.
  • Reconciles account balances to ensure accurate financial status and compliance with contractual terms.
  • Resolves underpayments by engaging in daily communication with payers and negotiating payment discrepancies.
  • Leads the identification of opportunities to optimize revenue collection through proper coding, encounter/claims submission, denials management, and payment reconciliation across the enterprise.
  • Identifies and analyzes trends in underpayments, overpayments, denials, and revenue opportunities to recommend process improvements.
  • Contacts patients as requested through lockbox transition requests.
  • Participates in the development of coding and billing strategies, evaluating processes related to Revenue Cycle and making recommendations while ensuring compliance with any relevant rules or regulations (including HIPAA, Medicaid, Medicare, and specific 3rd Party Payors).
  • Ensures thorough and accurate validation of account analysis before distribution, maintaining compliance with policies and procedures.
  • Performs other duties as assigned.

Qualifications

  • 4+ years experience in medical payment posting and reconciliation process in a business office/remote setting.
  • Must have high school or equivalent educational experience.
  • Demonstrate an understanding of healthcare management, including staffing and leadership.
  • Demonstrate an understanding of patient accounts.
  • Ability to educate patients on explanation of benefits for insurance processed claims.
  • Communicate effectively with healthcare workers, patients and insurance companies.
  • Able to prioritize and organize tasks at hand.
  • Strong attention to detail, positive attitude and a proven ability to lead a team to success.
  • Proficient in Microsoft Word, Outlook and Excel.
  • Knowledge of state regulations.
  • Presentation skills are desirable.
  • Must have excellent written and verbal communication skills.
  • Able to work with a diverse group of people.

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Before You Apply
📍 Be aware of the location restriction for this remote position: Worldwide
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
Payment Posting & Reconciliation Consultant @Virtualstaffing
Finance / Legal
Salary 💸 unspecified
Remote Location
Worldwide
Job Type full-time
Posted Mar 14, 2025
Apply for this position Unlock 52,167 Remote Jobs
📍 Be aware of the location restriction for this remote position: Worldwide
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
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