Payment Reconciliation Specialist
- business M&D Capital Premier Billing Advisors
- directions_car 11418 Richmond Hill
- workFull-time
- money 36.55 $ / Hour
About Us:
At M&D Capital Premier Billing, we are at the forefront of the Healthcare Revenue Cycle Management industry, driving innovation and delivering exceptional results. We leverage the latest technologies to streamline operations and enhance customer experiences.
Job Summary
Our Payment Reconciliation Specialist is responsible for accurately matching and reconciling payments received from health insurance companies with our clients bank accounts. This role ensures that payments are accurately recorded, discrepancies are identified and resolved, and financial records are kept up to date. This position plays a critical role in supporting the financial accuracy and operational efficiency of our revenue cycle.
Key Responsibilities
Review, verify, and reconcile payments posted from health insurance companies with clients’ bank account transactions.
Analyze and investigate discrepancies between posted payments and actual bank deposits, ensuring accurate financial records.
Identify any billing or posting errors, missing payments, or adjustments, and work with internal and external stakeholders to resolve issues.
Maintain detailed and organized records of reconciliations, transactions, and any necessary adjustments.
Collaborate with the client relations teams to address and resolve payment discrepancies.
Generate regular reports and summaries on payment reconciliation status, highlighting any unresolved issues.
Assist in monthly and quarterly closing processes by ensuring reconciliations are complete and accurate.
Support continuous improvement of reconciliation processes, offering recommendations to enhance efficiency and accuracy.
Qualifications
Bachelor’s degree in Accounting, Finance, or a related field, or equivalent experience preferred.
Experience in payment reconciliation, accounts receivable, medical billing, or revenue cycle management.
Familiarity with health insurance payment processes and terminology is preferred.
Strong attention to detail, organizational, and analytical skills.
Proficiency in accounting software and MS Excel; experience with healthcare payment systems is a plus.
Ability to work independently, manage multiple tasks, and meet deadlines.
Skills
Analytical thinking and problem-solving skills
Strong communication skills for collaborating with internal and external teams
Proficiency in handling confidential information with integrity
Full-time position
Monday - Friday
9AM - 5PM
In person role (non remote)
Non-exempt position
$33.65 per hour
Place of work
115-06 Myrtle Avenue
11418 Richmond Hill
United States of America
Employer profile
M&D Capital, a highly successful and fast growing medical billing company based in Queens, New York. We are a specialty healthcare advisory firm that assists healthcare providers to grow their businesses. Our principals have deep experience in managing the complicated financial affairs of medical practices. We believe that every viable medical practice has the potential for growth. We specialize in helping practices with financial challenges realize significant gains in revenue
M&D Capital maintains an exciting and energetic culture with opportunity for personal and professional growth and advancement. We work closely with all our staff in order to enhance their skills and grow the scope of their responsibilities, through training and support from every member of our company up to and including those at the executive level. If you meet the qualifications below, we invite you to join our team.
Job ID: 8775607 / Ref: 954397e4ad047b4d5ab9c9cbc861a468