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Medical Payment Specialist

3 weeks ago

Manila, National Capital Region, Philippines Eastvantage Business Solutions Inc. Full time

You are responsible for ensuring the accuracy and timeliness of incoming payments, including customer remittances, into the provider's accounting system. The analyst will work closely with other departments to resolve discrepancies and guarantee smooth payment processing.

Key Responsibilities
  • Post and reconcile remittances and payments into the accounting system daily with precision
  • Verify remittance data matches corresponding invoices and payment details for proper posting
  • Collaborate with providers or internal departments to resolve payment discrepancies efficiently
  • Maintain up-to-date accounts receivable records to ensure accurate payment application
  • Generate regular remittance activity reports and maintain detailed logs of all posted transactions
  • Collaborate with other departments to facilitate timely and accurate payment processing
  • Address provider inquiries regarding payments and assist with payment verification as needed
  • Adhere to company policies, procedures, and accounting standards to ensure compliance
  • Perform additional duties as required to support the team and business operations effectively
Experience and Skills Required
  1. Prior experience in remittance posting or payment posting, preferably in a healthcare setting
  2. Familiarity with remittance advice formats such as EOBs (Explanation of Benefits) and ERAs (Electronic Remittance Advices)
  3. Strong attention to detail and accuracy in data entry and transaction processing
  4. Ability to work independently while managing multiple tasks and deadlines efficiently
  5. Excellent communication skills, with the ability to collaborate across departments effectively
  6. Strong problem-solving skills and a proactive approach to addressing issues promptly
  7. Proficient in MS Office Suite (Excel, Word, Outlook)