Spec, Payment Posting at Baxter International

Houston, Texas, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

High school diploma or equivalent
2+ years of experience in a medical related business environment
Billing database software experience
Clearinghouse, payer portal, and explanation of benefits experience (preferred)
Knowledge of insurance industry and third-party payer processes
Excellent data entry skills
Ability to organize and prioritize workload
Strong attention to detail while balancing high volume data entry
Ability to work independently and manage workload
Strong written, verbal, and interpersonal communications
Proficiency in Microsoft Office software

Responsibilities

Interpret, post and validate payments and denials from third-party payers via correspondence or electronic batches
Reconcile applied checks to deposited amounts and research variances
Complete translation of electronic remittance advice files to link to payment and denial data claims in billing database software
Maintain cash metric reports and reconcile against General Ledger
Correct or edit batches and/or electronic remittance files as assigned
Move payments as requested by A/R team members
Research accounts on a routine basis to ensure correct posting for unidentified payments
Collaborate with other departments to investigate missing payments
Reference reimbursement policies/procedures assigned to this role and keep current with changes in billing regulations, insurance specific policies, as well as company and procedures
Identify any areas of opportunity for improved documentation or efficiency in daily work and communicate back to Revenue Cycle Supervisor for purpose of staff development and improved company performance
Maintain daily, positive communication and collaboration with other departments
Perform other duties and projects as assigned
Post third-party payments using correspondence from the payer and ensure all transactions are recorded properly in the billing system and general ledger by posting and processing daily cash and receivables transactions via checks, ACH, electronic remittance files and lockbox files

Skills

Key technologies and capabilities for this role

Payment PostingThird-Party PayersCash ReconciliationElectronic Remittance AdviceERA TranslationGeneral LedgerACH ProcessingLockbox FilesBilling SystemsA/R ResearchReimbursement Policies

Questions & Answers

Common questions about this position

What experience is required for the Payment Posting Specialist role?

A high school diploma or equivalent is required, along with 2+ years of experience in a medical related business environment and billing database software experience.

What key skills are needed for this position?

Excellent data entry skills, strong attention to detail while balancing high volume data entry, ability to organize and prioritize workload, and proficiency in Microsoft Office software are required.

Is remote work an option for this role?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What is the company culture like at Baxter?

Baxter colleagues are united by a mission to Save and Sustain Lives, driven by a culture of courage, trust, and collaboration, where every individual is empowered to take ownership and make a meaningful impact.

Baxter International

Provides essential medical products and services

About Baxter International

Baxter International provides a wide range of medical products and services essential for healthcare. The company operates in several areas, including critical care, hospital care, nutritional care, renal care, and surgical care. Its products are used in various settings, from emergency rooms to home healthcare, helping to meet the needs of patients and healthcare professionals. Baxter develops, manufactures, and distributes medical devices, pharmaceuticals, and biotechnology products, generating revenue through sales to healthcare providers and institutions. A key aspect that sets Baxter apart from competitors is its recent acquisition of Hillrom, which enhances its ability to offer comprehensive healthcare solutions. The company's goal is to improve care outcomes and increase access to healthcare through continuous innovation and a focus on patient needs.

Deerfield, IllinoisHeadquarters

1931Year Founded

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Parental Leave

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Commuter Benefits

Mental Health Support

Risks

Needle-free injection technology could disrupt Baxter's traditional injection-based therapies.

Shift to home healthcare may require Baxter to adapt its product offerings.

Growing digital health importance necessitates further investment from Baxter to stay competitive.

Differentiation

Baxter's acquisition of Hillrom enhances its comprehensive healthcare solutions portfolio.

Strong focus on patient-centric innovation sets Baxter apart in the healthcare industry.

Baxter's partnerships, like with Ayogo, leverage digital health for improved patient outcomes.

Upsides

Baxter's investment in Medically Home aligns with the growing home healthcare market.

Rising demand for personalized medicine offers Baxter opportunities for targeted therapies.

Expansion in telehealth supports Baxter's integrated healthcare solutions strategy.

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