Unclassified - Rapid City, SD
posted 2 months ago
The Accounts Receivable Processor position at Monument Health is a critical role within the Patient Financial Services department, located in Rapid City, SD. This position is responsible for managing the debit and credit of receivables by payor, ensuring compliance with HIPAA regulations and utilizing appropriate reason/remit codes. The processor will handle allowances applied to receivables as dictated by federal payer and managed care contracts, ensuring that all entries adhere to acceptable accounting principles and the guidelines set forth by Monument Health. The role involves the proper distribution of funds for goods and services provided by all facilities, which includes making debit or credit entries into the general ledger. In this position, the Accounts Receivable Processor will engage in daily activities that include reviewing, balancing, and posting payments received. The processor will be responsible for processing payments in accordance with established policies and guidelines, ensuring accuracy and compliance. Identifying and resolving posting issues is a key function of this role, requiring the processor to distinguish between clearinghouse, system, and banking-related issues. A working knowledge of Physician Billing Software is essential for assisting with the proper posting of payments from electronic bank posting information. Additionally, the processor will prepare daily bank deposits and participate in departmental activities aimed at performance improvement and quality control. Attendance at mandatory training sessions is required to maintain compliance with corporate policies.