Payment Posting Specialist

About Ventra Health

Ventra Health is a prominent provider of business solutions catering to facility-based physicians specializing in anesthesia, emergency medicine, hospital medicine, pathology, and radiology. The company focuses on Revenue Cycle Management and collaborates with private practices, hospitals, health systems, and ambulatory surgery centers to offer transparent, data-driven solutions that address complex revenue and reimbursement challenges, allowing clinicians to concentrate on delivering exceptional patient care.

Job Overview

The Payment Posting Specialist plays a critical role in handling financial intake processes for multiple Ventra Health clients (approximately 13-14 facilities). The specialist is expected to maintain a six-day turnaround time for postings and ensure all deposits for the current month are completed by the month-end deadline. Compliance with relevant billing laws and the ability to work cooperatively in a team-driven environment are essential for supporting Ventra Health clients nationwide.

Key Responsibilities

• Post accounts payable deposits accurately.
• Process both electronic 835 transactions and manual payer Explanation of Benefits (EOB) documents, including posting insurance allowances, patient portions, denials, adjustments, contractual write-offs, recoups, and balancing forwards.
• Accurately interpret EOB remittance codes and apply appropriate denial codes.
• Ensure payment batches are balanced and closed within required timelines.
• Navigate relevant websites to obtain necessary EOBs.
• Perform special projects and additional duties as assigned.

Required Education and Experience

• High school diploma or equivalent certification.
• Minimum of two years’ experience posting insurance payments within a healthcare environment.
• Preferred experience of two years reviewing insurance Explanation of Benefits (EOB) statements.

Skills and Competencies

• Proficient knowledge of various insurance payer types.
• Strong understanding of EOB statements.
• Excellent balancing and reconciliation capabilities.
• Competence with 10-Key calculator use.
• Effective oral and written communication skills.
• Solid mathematical proficiency.
• Strong organizational and time management abilities.
• Ability to interpret and follow federal and state billing laws and regulations.
• Adaptability to work collaboratively and respond flexibly within a fast-paced team setting.
• Professional and tactful communication with a diverse range of individuals.

Compensation

Salary is determined by factors unique to each candidate, including geographic location, experience, skill set, and qualifications. This role is eligible for a discretionary performance-based incentive bonus aligned with company policies.

Additional Information

• This position qualifies for the Ventra performance-based incentive program, reflecting a commitment to reward outstanding work.
• Employees are encouraged to help expand the team by referring friends and earning referral bonuses.
• Ventra Health is an equal opportunity employer focused on creating a diverse and inclusive work environment.
• No unsolicited resumes are accepted from recruitment agencies, and no payments are solicited from candidates during the hiring process.
• Candidates should be cautious of fraudulent representations and confirm all communications through official company channels.
• Ventra Health is dedicated to accessibility, ensuring digital experiences are usable for all individuals regardless of ability.