Brand Name - OmniFi
Salary: Competitive, as per market standards
Employment Type: Permanent
Location: Kolkata
Work Mode: On-site (Work from Office)
Office Hours: Monday to Friday, 11 AM – 8 PM
Position Summary
The Payment Posting Executive will play a key role in the Revenue Cycle Management (RCM) team, responsible for accurate and timely posting of payments from insurance carriers, patients, and other parties. This position ensures that all transactions are posted accurately in the billing system and works closely with other RCM functions to support efficient revenue processing.
Key Responsibilities
- Payment Processing: Post insurance payments, patient payments, and adjustments to appropriate accounts within the billing system, maintaining high accuracy.
- Reconciliation: Regularly reconcile daily payment batches with deposits and account balances, ensuring no discrepancies in posted transactions.
- Denial Management Support: Identify and escalate denied claims to the RCM team for further investigation, supporting denial resolution efforts.
- Reporting: Generate and review payment posting reports to ensure accuracy and completeness of posted transactions.
- Communication: Coordinate with insurance companies, patients, and internal RCM teams to resolve posting discrepancies and missing information.
- Compliance: Follow all regulatory guidelines and organizational policies in handling sensitive payment information, maintaining confidentiality and data security.
- Process Improvement: Identify areas for process enhancement within payment posting and work with management to implement best practices.
Qualifications
- Education: bachelor's degree in commerce is preferable.
- Skills:
- Strong attention to detail with excellent data entry and reconciliation skills.
- Basic knowledge of medical billing, insurance, and RCM processes preferable
- Effective communication skills for resolving payment discrepancies with internal and external parties.
Preferred Skills
- 1-2 years of experience in healthcare payment posting, medical billing, or related RCM roles (preferable)
- Knowledge of healthcare regulations, including HIPAA.
- Familiarity with medical terminology and coding (ICD-10, CPT codes).
- Ability to work effectively in a fast-paced environment and manage multiple tasks.
About the Company - Saba Well is a leading Finance as a Service (FaaS) provider, offering a wide range of managed financial solutions to SMBs across North America under Brand Omnifi. With a team of experienced, committed and driven professionals, we facilitate the transition from traditional in-house or outsourced accounting to the new era of financial management which utilize advanced digital technology to streamline finance management. Our cutting-edge platform integrates best-in-class finance software from our trusted partners, centralizing data from your accounting, invoicing, payments processing, payroll, and other sources in one place, allowing to create impact through financial insight, actionable data and tools that support decision making and foster your growth. Combining people, processes, and digital technology, we position our clients for business success and prepare them for the future.