Senior Payment Specialist
Horizon Health Corporation, King Of Prussia, Pennsylvania, United States, 19406
Overview
Independence Physician Management (IPM), a subsidiary of UHS, develops and manages multi-specialty physician networks and urgent care clinics across 11 markets in six states and the District of Columbia. IPM also provides select services for the Behavioral Health division of UHS. Our leadership team, practitioners, and healthcare professionals are dedicated to improving the health and wellness of the communities we serve. To learn more about IPM visit Physician Services - Independence Physician Management - UHS. Position Overview
The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools. Responsibilities
Breaking down ACHs, lockboxes, and credit card payments for assigned markets. Reconciles processed work by verifying entries and comparing system reports to balances for both the CBO and the markets. Maintains and balances 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. Participates in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement. Serve as back-up for the Payment Specialists as needed. Qualifications
High School Graduate/GED required. Associate’s degree preferred. Experience (5-8 years minimum) in a healthcare (professional) billing, health insurance or equivalent operations environment. Healthcare (professional) billing, knowledge of CPT/ICD-10 coding, claim submission requirements and remittance processing. Understanding of the revenue cycle and how the 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 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 including proficiency in Microsoft Office. As an IPM Employee
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 equal employment opportunities for all applicants and teammates. UHS subsidiaries are equal opportunity employers and support recruitment, selection, placement, promotion and compensation 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 value diversity and inclusion among our teammates. Notice
During the recruitment process, no recruiter or employee will request financial or personal information via email. If you are suspicious of a job posting or job-related email mentioning UHS or its subsidiaries, let us know by contacting us at: https://uhs.alertline.com or 1-800-852-3449 About Universal Health Services
Universal Health Services, Inc. (UHS) is one of the nation’s largest providers of hospital and healthcare services with revenues of $15.8 billion in 2024. UHS operates acute care hospitals, behavioral health facilities, outpatient facilities and related services across the U.S., Washington, D.C., Puerto Rico and the United Kingdom. www.uhs.com
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Independence Physician Management (IPM), a subsidiary of UHS, develops and manages multi-specialty physician networks and urgent care clinics across 11 markets in six states and the District of Columbia. IPM also provides select services for the Behavioral Health division of UHS. Our leadership team, practitioners, and healthcare professionals are dedicated to improving the health and wellness of the communities we serve. To learn more about IPM visit Physician Services - Independence Physician Management - UHS. Position Overview
The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools. Responsibilities
Breaking down ACHs, lockboxes, and credit card payments for assigned markets. Reconciles processed work by verifying entries and comparing system reports to balances for both the CBO and the markets. Maintains and balances 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. Participates in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement. Serve as back-up for the Payment Specialists as needed. Qualifications
High School Graduate/GED required. Associate’s degree preferred. Experience (5-8 years minimum) in a healthcare (professional) billing, health insurance or equivalent operations environment. Healthcare (professional) billing, knowledge of CPT/ICD-10 coding, claim submission requirements and remittance processing. Understanding of the revenue cycle and how the 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 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 including proficiency in Microsoft Office. As an IPM Employee
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 equal employment opportunities for all applicants and teammates. UHS subsidiaries are equal opportunity employers and support recruitment, selection, placement, promotion and compensation 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 value diversity and inclusion among our teammates. Notice
During the recruitment process, no recruiter or employee will request financial or personal information via email. If you are suspicious of a job posting or job-related email mentioning UHS or its subsidiaries, let us know by contacting us at: https://uhs.alertline.com or 1-800-852-3449 About Universal Health Services
Universal Health Services, Inc. (UHS) is one of the nation’s largest providers of hospital and healthcare services with revenues of $15.8 billion in 2024. UHS operates acute care hospitals, behavioral health facilities, outpatient facilities and related services across the U.S., Washington, D.C., Puerto Rico and the United Kingdom. www.uhs.com
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