Senior Payment Specialist
Universal Hospital Services Inc., King Of Prussia, Pennsylvania, United States, 19406
Responsibilities
Independence Physician Management (IPM), a subsidiary of UHS, was formed in 2012 as the physician services unit of UHS. IPM develops and manages multi‑specialty physician networks and urgent care clinics that align with UHS acute care facilities. It also provides select services for the Behavioral Health division of UHS. Through continuing growth, IPM operates in 11 markets across six states and the District of Columbia.
Position Overview The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools.
Key Responsibilities
Break down ACH lockboxes and credit card payments for assigned markets.
Reconcile processed work by verifying entries and comparing system reports to balances for both the CBO and the markets.
Maintain and balance journal entries daily and monthly for the finance department’s general ledger.
Identify variances related to the journal entries vs. bank statements and communicate findings to the Payment Specialists to research and post outstanding payments.
Communicate offsets and variances to management & finance. Work closely with finance to resolve discrepancies.
Participate in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement.
Serve as backup for the Payment Specialists as needed.
Qualifications High School Graduate/GED required. Associate’s degree preferred.
5–8 years minimum working in a healthcare (professional) billing, health insurance or equivalent operations work environment.
Healthcare (professional) billing knowledge of CPT/ICD‑10 coding, claim submission requirements and remittance processing.
Understanding of the revenue cycle and how the various components work together preferred.
Reconciliation/balancing and accounting knowledge required.
Ability to handle data entry accurately in a high‑paced environment.
Ability to reconcile data and identify discrepancies.
Ability to obtain/manipulate necessary reports in CPM, balancing spreadsheets and daily deposit spreadsheets.
Excellent organization skills, attention to detail, research and problem‑solving ability.
Results oriented with a proven track record of accomplishing tasks within a high‑performing team environment.
Service‑oriented/customer‑centric.
Strong computer literacy skills including proficiency in Microsoft Office.
Benefits
A challenging and rewarding work environment.
Competitive compensation & generous paid time off.
Excellent medical, dental, vision and prescription drug plans.
401(K) with company match.
EEO Statement All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal‑opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws. We believe that diversity and inclusion among our teammates is critical to our success.
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Position Overview The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools.
Key Responsibilities
Break down ACH lockboxes and credit card payments for assigned markets.
Reconcile processed work by verifying entries and comparing system reports to balances for both the CBO and the markets.
Maintain and balance journal entries daily and monthly for the finance department’s general ledger.
Identify variances related to the journal entries vs. bank statements and communicate findings to the Payment Specialists to research and post outstanding payments.
Communicate offsets and variances to management & finance. Work closely with finance to resolve discrepancies.
Participate in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement.
Serve as backup for the Payment Specialists as needed.
Qualifications High School Graduate/GED required. Associate’s degree preferred.
5–8 years minimum working in a healthcare (professional) billing, health insurance or equivalent operations work environment.
Healthcare (professional) billing knowledge of CPT/ICD‑10 coding, claim submission requirements and remittance processing.
Understanding of the revenue cycle and how the various components work together preferred.
Reconciliation/balancing and accounting knowledge required.
Ability to handle data entry accurately in a high‑paced environment.
Ability to reconcile data and identify discrepancies.
Ability to obtain/manipulate necessary reports in CPM, balancing spreadsheets and daily deposit spreadsheets.
Excellent organization skills, attention to detail, research and problem‑solving ability.
Results oriented with a proven track record of accomplishing tasks within a high‑performing team environment.
Service‑oriented/customer‑centric.
Strong computer literacy skills including proficiency in Microsoft Office.
Benefits
A challenging and rewarding work environment.
Competitive compensation & generous paid time off.
Excellent medical, dental, vision and prescription drug plans.
401(K) with company match.
EEO Statement All UHS subsidiaries are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates. UHS subsidiaries are equal‑opportunity employers and as such, openly support and fully commit to recruitment, selection, placement, promotion and compensation of individuals without regard to race, color, religion, age, sex (including pregnancy, gender identity, and sexual orientation), genetic information, national origin, disability status, protected veteran status or any other characteristic protected by federal, state or local laws. We believe that diversity and inclusion among our teammates is critical to our success.
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