Medical Billing: Payment Posting -Senior Associate/ Associate -( US Healthcare -Physician)

Medical Billing

Payment Posting -Senior/Process Associate -( US Healthcare )

Position

Medical Billing – Payment Posting

Department

Medical Billing / Revenue Cycle Management (RCM)

Experience

2–4 years

Location

Madapur, Hyderabad

Employment Type

Full-time

Job Title

: Sr. Associate/Associate - Medical Billing -Payment Posting

Experience

2-4 years

Shift Timings

8.30 am - 5.30 pm

Location

Hyderabad

About Medco Global Services

Medco Global Services is a leading health technology company dedicated to bring innovations in revenue cycle management. We provide a range of services to providers and healthcare institutions empowered with world class healthcare analytics platform. At Medco Global Services., we are committed to enhancing the efficiency and effectiveness of healthcare systems.

Job Summary

We are looking for a detail-oriented Medical Billing – Payment Posting professional to handle accurate and timely posting of insurance and patient payments. The candidate will be responsible for posting EOBs/ERAs, reconciling payments, identifying discrepancies, and maintaining accurate patient account records.

Key Responsibilities

• Post insurance and patient payments accurately into the billing system.
• Process EOBs (Explanation of Benefits) and ERAs (Electronic Remittance Advices).
• Post contractual adjustments, denials, refunds, and other adjustments as per the EOB/ERA.
• Identify and resolve payment posting discrepancies.
• Reconcile daily payment batches with bank deposits and system totals.
• Handle EFT/ERA transactions and ensure accurate payment application.
• Identify underpayments, overpayments, duplicate payments, and unapplied payments.
• Transfer or reallocate payments to the appropriate patient accounts when required.
• Maintain accurate records of posted payments and adjustments.
• Coordinate with the AR/Denial Management team regarding payment discrepancies and denials.
• Follow payer-specific guidelines and client SOPs.
• Meet daily productivity and accuracy targets.
• Maintain confidentiality of patient information and comply with HIPAA requirements.

Required Skills

• Knowledge of US healthcare revenue cycle management (RCM).
• Good understanding of medical billing and payment posting processes.
• Knowledge of EOB, ERA, EFT, CPT, ICD-10, and insurance terminology.
• Basic understanding of insurance payment and adjustment codes.
• Good analytical and reconciliation skills.
• Strong attention to detail and accuracy.
• Good written and verbal communication skills.
• Ability to work independently and meet deadlines.
• Proficiency in MS Excel and medical billing software.

Preferred Qualifications

• Bachelor's degree or equivalent qualification.
• 2–4 years of experience in US healthcare medical billing/payment posting.
• Experience working with billing systems such as Epic, Cerner, NextGen, Athena, or similar systems is preferred.

Key Performance Indicators (KPIs)

• Payment posting accuracy
• Daily payment posting volume
• Batch reconciliation accuracy
• Unapplied payment reduction
• Timely processing of EOBs/ERAs
• Productivity and quality targets

Education

Graduation Mandatory.

Timings

Should be flexible with night shift timings (8:30 am to 5:30 pm).

5 Days work - Fixed shift (Saturday and Sunday Week off).

What We Offer

• Competitive salary and benefits package.

• Opportunities for professional growth and development.

• A collaborative and innovative work environment.

• The chance to make a meaningful impact on healthcare delivery and patient outcomes

Job Type

Full-time

Pay

₹22,000.00 - ₹40,000.00 per month

Benefits

• Health insurance
• Provident Fund

Experience

• International voice process: 1 year (Preferred)

Work Location

In person