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Payment Poster - Physical Therapy Billing (US Medical Billing Process)
Job Summary:
Progressive Technology is seeking a detail-oriented and efficient Payment Poster to join our team within the Physical Therapy Billing department. This is a vital role in our US medical billing process, responsible for posting payments, reconciling insurance remittance advice, and ensuring accurate billing for physical therapy services. The ideal candidate will have experience in medical billing and coding, specifically within the realm of physical therapy, and will work in a fast-paced, collaborative environment to support our billing cycle.
Key Responsibilities:
Post payments for insurance companies, patients, and other third-party payers accurately.
Review and reconcile insurance remittance advice (ERA) to ensure payment accuracy.
Work closely with the billing team to ensure all payment discrepancies are identified and resolved promptly.
Assist in the preparation and submission of claims for payment.
Monitor and follow up on unpaid claims or underpayments to ensure timely payment.
Handle inquiries from clients, insurance companies, and patients regarding payment issues.
Keep up-to-date with changes in insurance payment policies and billing codes.
Maintain accurate records of all payments posted and adjustments made.
Assist in monthly and quarterly billing reports and audits.
Collaborate with the physical therapy billing team to streamline processes and improve efficiency.
Contribute to team efforts in maintaining compliance with all federal and state billing regulations.
Required Skills and Qualifications:
High school diploma or equivalent; an associates or bachelors degree in healthcare administration, medical billing, or a related field is a plus.
Minimum of 2 years of experience in medical billing, preferably with a focus on physical therapy billing.
Strong understanding of insurance remittance advice, EOBs (Explanation of Benefits), and payment posting procedures.
Familiarity with major insurance carriers and their payment processes.
Experience with medical billing software and databases.
Excellent attention to detail and ability to identify and resolve discrepancies.
Strong organizational and time-management skills to meet deadlines.
Good communication skills, both written and verbal, to interact with internal teams and external clients.
Ability to maintain confidentiality and adhere to HIPAA regulations.
Experience:
At least 2 years of experience in payment posting and medical billing.
Experience in physical therapy billing or similar healthcare billing is highly preferred.
Knowledge of US healthcare insurance policies and payment processes is essential.
Working Hours:
Full-time position with flexible working hours.
Monday to Friday, 9 AM to 5 PM (or as per business requirements).
Occasional overtime may be required based on workload demands.
Knowledge, Skills, and Abilities:
Expertise in US medical billing processes, especially physical therapy billing.
Ability to interpret and understand insurance payment policies and EOBs.
Knowledge of ICD-10, CPT, and HCPCS codes related to physical therapy.
Proficiency with billing software, preferably in the healthcare industry (e.g., Kareo, AdvancedMD, or similar).
Strong analytical skills and problem-solving abilities.
Ability to work independently and as part of a team.
Knowledge of HIPAA regulations and healthcare compliance standards.
Benefits:
Competitive salary based on experience.
Comprehensive health, dental, and vision insurance packages.
Paid time off (PTO) and holidays.
401(k) with company match.
Flexible working environment with remote work options.
Opportunities for professional growth and development.
Supportive and inclusive company culture.
Training and continuing education reimbursement for career advancement.
Why Join Progressive Technology:
Join a dynamic, forward-thinking company with a commitment to technological innovation and employee well-being.
Work in a collaborative environment where your ideas are valued, and your contributions make a direct impact.
Enjoy flexible work options and a strong work-life balance.
Opportunity for career growth within a rapidly expanding company.
How to Apply:
Interested candidates are encouraged to submit their resumes along with a cover letter outlining their relevant experience. Please apply through our website or send your application to us. Be sure to include Payment Poster – Physical Therapy Billing in the subject line of your email.
