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PAYMENT ANALYST

Company: Bozeman Health
Location: Bozeman
Posted on: March 26, 2020

Job Description:

Responsible for posting & reviewing all third-party payments (hospital & clinics) from insurance companies and government payers. Calculate/post contractual allowances for all payers and ensure their accuracy.---Analyze insurance and government payments for denials and flag denials/inappropriate payments for billers to follow- up.---Post electronic remittances from online ERA storage (Emdeon payment manager) daily.---Post patient payments made via credit card, e-check and physical check daily.---Additional Job Functions: * Transmit weekly self-pay accounts to early-out program * Reconcile NSF checks and lost payments * Post bad debt payments (non-inhouse) * Post voucher and payroll deduct payments. * Post miscellaneous cash on a weekly basis. * Maintain misc. cash log for Finance Dept. * Correct all posting errors and balance lockbox receipts daily. * Separate self payment and insurance checks and create deposit for bank deposit through remote deposit capture. * Review and disperse correspondence from the mailroom. (EOB's, checks, correspondence to billers). * Research unidentified payments. * Participate in special projects or perform other duties as assigned.REQUIREMENTSEDUCATIONRequired:Preferred:High school graduate or equivalentLICENSURE and CERTIFICATIONRequired:Preferred:EXPERIENCERequired:Preferred:Previous experience in healthcare billingCash handling and application experienceExperience in understanding and usage of computers including, but not limited to, the Microsoft Office Suite.10-key experience will be demonstrated during interview.KNOWLEDGE OF, SKILLS IN, ABILITY TO, COMPLEXITY AND DIFFICULY:KNOWLEDGE OF:How to read or deciphere explanation of benefits from payersSimple accounting procedures including creating and balancing to depositsHIPPA and confidentiality requirements of the position and the organizationSKILLS IN:Advanced oral and written communication skills.Personal Customer Service Techniques10-key and typing ability must be proficientATTENTION TO DETAIL - must be able to analyze payments and adjustments associated with patient accounts to determine accuracy of eachPerforming calculations, preparing reports and analyzing information provided from third-party payers to ensure accurate posting to patients' accounts.Strong organizational skillsUnderstanding and usage of computers, including the Microsoft Office Suite especially ExcelAbility to learn application relevant to the positionABILITY TO:Refer to policy manual for specific instructions/guidelines. Follow established policies and Procedures.Adhere to the standards of the job description and overall philosophy of Bozeman Deaconess Hospital.Support and practice the "Commitments to a Culture of Excellence."Maintain flexibility to adapt to a variety of workload assignmentsMust be able to think critically and maintain focus with some interruptionPositively affect organizational changeDemonstrate excellent working relationships with all levels of staff inside the organziationWork independently with a minimum of supervisionWork through issues with all areas of hospital to ensure timely/accurate payment posting.Show initiative to help the organization grow.COMPLEXITY AND DIFFICULTY:ESSENTIAL FUNCTIONS60% Time Spent - Accurately post all third party payments (electronically and manually) within 2 business days of receipt.15% Time Spent - Analyze payments for denials and flag denials/inappropriate payments for billers to follow- up.15% Time Spent -Accurately calculate/post contractual allowances from insurance and government payers.10% Additional Job Functions:Transmit weekly self pay accounts to early-out programReconcile NSF checks and lost paymentsPost bad debt payments (non-inhouse)Post voucher and payroll deduct payments.Post miscellaneous cash on a weekly basis.Maintain misc. cash log for Finance Dept.Separate checks and prepare batches for bank deposit and imaging.About Bozeman HealthBozeman Health is an independent, locally owned and controlled integrated healthcare delivery system serving Southwest Montana, and includes Bozeman Health Deaconess Hospital, Bozeman Health Big Sky Medical Center, Bozeman Health Belgrade Clinic + Urgent Care, b2 Cares (retail micro and urgent care clinics), Bozeman Health Hillcrest Senior Living, and Bozeman Health Clinical Research. As a nonprofit organization, governed by a volunteer community board of directors, Bozeman Health is the largest private employer in Gallatin County, with more than 2,000 employees, including 270 medical providers representing 50 clinical specialties. It is our privilege to deliver expert, compassionate health and wellness services across the care continuum, designed to meet the diverse healthcare needs of the communities we serve. Learn more about Bozeman Health at https://www.bozemanhealth.org

Keywords: Bozeman Health, Bozeman , PAYMENT ANALYST, Professions , Bozeman, Montana

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