The medical billing payment depositor is a role sought after by various companies in the healthcare industry, including hospitals, clinics, and health groups. Many companies are looking for prospective applicants that have at least a high school diploma or GED, although having an associate's degree could be helpful. Most companies will require at least 2 years of experience in a related field such as medical billing or collections.
The medical billing payment depositor should also be very proficient in the Microsoft Office suite of products. Some companies may be looking for an applicant that has had previous experience working with the software used for the job, such as Medical Manager or Medisoft. The depositor should be familiar with data entry methods and understand common procedures for the healthcare industry, such as HIPAA. Previous knowledge of billing codes would be helpful at some companies.
The medical billing payment depositor will be responsible for keeping track of medical billing and collections, such as identifying insurance coverage. The payment depositor will be verifying payments made by accounts and paying bills. The depositor will need to upload the payments to the necessary locations. They will also need to check for unpaid status accounts, as well as processing refunds. The medical billing payment depositor will be working with other departments in the company, as well as working directly with customers in order to solve issues and answer inquiries about billing. They will report to the billing manager, who is their supervisor.
Payment Depositer, Medical Billing Tasks
Record information about financial status of customers and status of collection efforts.
Monitor overdue accounts, receive payments and post amounts paid to customer accounts.
Locate and notify customers of delinquent accounts by mail or telephone.
Arrange for debt repayment or establish repayment schedules, based on customers' financial situations.