Senior Payment Specialist
Alan B. Miller Medical Center, King Of Prussia, PA, United States
Senior Payment Specialist
The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools. Key responsibilities include breaking down ACH's lockboxes and credit card payments for assigned markets, reconciling processed work by verifying entries and comparing system reports to balances for both the CBO and the markets, maintaining and balancing journal entries daily and monthly for the finance department's general ledger, identifying variances related to the journal entries vs. bank statements and communicating findings to the Payment Specialists to research and post outstanding payments, communicating offsets and variances to management & finance, working closely with finance to resolve discrepancies, participating in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement, serving as back-up for the Payment Specialists as needed. Qualifications: High School Graduate/GED required. Associate's degree preferred. Experience (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.
The Senior Payment Specialist is responsible for balancing journal entries to both the bank statement and CPM balancing reporting tools. Key responsibilities include breaking down ACH's lockboxes and credit card payments for assigned markets, reconciling processed work by verifying entries and comparing system reports to balances for both the CBO and the markets, maintaining and balancing journal entries daily and monthly for the finance department's general ledger, identifying variances related to the journal entries vs. bank statements and communicating findings to the Payment Specialists to research and post outstanding payments, communicating offsets and variances to management & finance, working closely with finance to resolve discrepancies, participating in regularly scheduled team meetings offering new paths, procedures and approaches to maximize opportunities for performance and process improvement, serving as back-up for the Payment Specialists as needed. Qualifications: High School Graduate/GED required. Associate's degree preferred. Experience (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.