Maryland Oncology Hematology · 1 month ago
Payment Specialist II
Garnet Valley, PA
Full-time
Onsite
Entry, Mid Level
$22/hr - $32/hr
2+ years expMaryland Oncology Hematology is establishing a new Central Billing Office to support their oncology practice's operational needs. The Payment Specialist II will be responsible for processing payments, reconciling receipts, and ensuring compliance with financial standards in a collaborative team environment.
Health CareHospitalMedicalOncology
Responsibilities
Accurately post daily payments from patients, insurance carriers, and third‑party payers to the appropriate accounts within the practice management system
Reconcile daily cash receipts and deposit reports with bank statements or lockbox activity to ensure accuracy and completeness
Investigate and resolve payment discrepancies, including overpayments, underpayments, and misapplied or incorrect transactions
Process refunds and account adjustments in compliance with payer rules, internal policies, and validated patient requests
Maintain detailed, accurate transaction records and ensure all documentation meets audit and compliance standards
Communicate with insurance companies, clearinghouses, and other payers to clarify remittance information or obtain missing details required for accurate posting
Collaborate with billing and collections teams to validate account balances, support claims resolution, and maintain clean and accurate A/R
Research, identify , and resolve unapplied or unidentified payments in a timely manner
Adhere to HIPAA regulations and strictly protect the confidentiality of patient health and financial information
Navigate payer portals effectively to obtain EOB/ERA details, payment confirmations, and other posting‑critical information
Participate in month‑end closing tasks and reporting activities related to payment posting and cash reconciliation
Verify, record, and maintain all adjustment documentation in accordance with internal and regulatory requirements
Any other billing/administrative duties assigned by billing manager
Qualification
Required
High school graduate or equivalent required
Minimum two (2) years payment specialist or benefits representative experience strongly preferred
Proficiency with computer systems and Microsoft Office (Word and Excel) required
Experience with medical billing software AthenaIDX strongly preferred
Experience in oncology preferred
Preferred
Minimum two (2) years payment specialist or benefits representative experience strongly preferred
Experience with medical billing software AthenaIDX strongly preferred
Experience in oncology preferred
Benefits
Medical
Healthcare Reimbursement Accounts (HRCA)
Health Savings Accounts (HAS)
Dental
Vision
Life Insurance
Short-Term Disability (STD)
Long-Term Disability (LTD)
Employee Assistance Program (EAP)
Commuter Benefits
401(k)
Wellness Program
Company
Maryland Oncology Hematology
Maryland Oncology Hematology is a community based healthcare institution specialized in research and treatment of cancer patients.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
David Weng
Partner
Recent News
Maryland Daily Record
2024-12-17
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