Payment Posting Executive

• *Job Title:** Revenue Cycle Management (RCM) Executive – Payment Posting and Charge Entry

• *Job Summary:**

The RCM Executive for Payment Posting and Charge Entry plays a crucial role in the revenue cycle by ensuring that all charges are entered accurately, and payments are posted correctly. This position is responsible for managing day\-to\-day payment and charge entry tasks, verifying financial information, and addressing discrepancies. The role requires close attention to detail and a strong understanding of healthcare billing processes to maintain the integrity of financial transactions and enhance revenue cycle efficiency.

• *Key Responsibilities:**

• **Payment Posting:**
• Post all patient and insurance payments accurately and promptly into the billing system.
• Reconcile payment batches daily, identifying and addressing any discrepancies.
• Post adjustments and denials, ensuring proper categorization and notation for further review if necessary.
• Collaborate with other departments to resolve payment\-related inquiries and discrepancies.
• **Charge Entry:**
• Enter all charges into the billing system based on documented procedures and medical coding guidelines, ensuring accuracy and compliance with payer requirements.
• Verify all charges against supporting documentation and communicate with providers or billing staff to resolve any inconsistencies.
• Ensure timely charge entry to maintain efficient billing cycles and prevent delays in claims submission.
• **Quality Assurance:**
• Conduct regular audits of payment posting and charge entry transactions to identify and correct errors.
• Maintain and update policies and procedures related to payment posting and charge entry, ensuring compliance with company standards and regulatory requirements.
• Identify trends in charge entry or payment posting issues and suggest corrective actions or process improvements.
• **Collaboration and Communication:**
• Work closely with the billing, coding, and accounts receivable teams to ensure consistency and accuracy in the revenue cycle.
• Communicate effectively with internal stakeholders to resolve issues related to charges, payments, or denials.
• **Reporting and Documentation:**
• Prepare and maintain reports on payment posting and charge entry activities, providing insights into trends, discrepancies, or areas for improvement.
• Document all activities clearly, ensuring accurate records are maintained for compliance and auditing purposes.

• *Qualifications:**

• **Education:** Bachelor’s degree in finance, Accounting, Healthcare Administration, or a related field preferred; relevant experience may substitute for formal education.
• **Experience:** Minimum of 2\-3 years of experience in payment posting, charge entry, or related functions within healthcare revenue cycle management.
• **Software’s:** Proficiency in billing software **NextGen, eCW, HCHB**, and electronic health record (EHR) systems.
• **Skills:** Microsoft Office (Excel, Word). Knowledge of medical billing codes (CPT, ICD\-10\) is an advantage.
• **Attention to Detail:** Strong accuracy and attention to detail to ensure proper charge entry and payment posting, minimizing errors and discrepancies.
• **Problem\-Solving Skills:** Ability to identify and resolve discrepancies effectively and efficiently.

• *Preferred Qualifications:**

• Certification in healthcare billing or revenue cycle management (e.g., AAPC or HFMA certification).
• Familiarity with payer requirements, insurance billing processes, and regulatory guidelines in the healthcare industry.

• *Contact Details :**

Rakesh M V \- 9606018324 / Rakesh.k@prodatit.com

Job Type: Full\-time

Pay: Up to ₹450,000\.00 per year

Benefits

• Health insurance
• Provident Fund

Experience

• Payment Posting: 2 years (Preferred)

Work Location: In person