Spec, Payment Posting

Job description

This is where your work makes a difference. At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond. Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results. Here, you will find more than just a job—you will find purpose and pride. Your role: The Payment Posting Specialist is responsible for accurately posting, validating, and reconciling patient and third-party payer payments to ensure all transactions are properly recorded within the billing system and General Ledger. This role supports the organization's revenue cycle objectives through timely cash application, payment reconciliation, discrepancy resolution, and collaboration with cross-functional teams. The ideal candidate is detail-oriented, analytical, accountable, and highly organized, with the ability to manage high-volume payment processing while maintaining accuracy and productivity standards. What you'll be doing: Post and validate insurance and patient payments, adjustments, denials, and payer correspondence. Process cash and receivable transactions from checks, ACH, lockbox files, ERAs, and other payment sources. Reconcile payments to deposits and investigate discrepancies. Validate and apply electronic remittance files accurately within the billing system. Maintain cash posting metrics, reconcile activity to the General Ledger, and balance payment batches. Transfer, reallocate, and research unidentified payments to ensure accurate account application. Collaborate with Billing, Accounts Receivable, Customer Service, and other teams to resolve payment issues. Stay current on payer regulations and reimbursement practices while supporting process improvements and special projects. What you'll bring: High school diploma or equivalent, associates degree preferred. 3+ years of experience in a healthcare revenue cycle, medical billing, payment posting, cash application, or related business environment. Experience using billing, practice management, or revenue cycle management software. Knowledge of healthcare insurance, third-party payer processes, and reimbursement methodologies preferred. Experience with EOBs, ERAs, EFTs, remittance advice, payment posting, and reconciliation preferred. Strong analytical and data entry skills with the ability to identify and resolve payment variances and discrepancies preferred. Proficiency in Microsoft Office Suite (especially Excel) and the ability to efficiently navigate multiple systems and databases preferred. Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission. We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $44,800 to $61,600 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time US Benefits at Baxter (except for Puerto Rico) This is where your well-being matters. Baxter offers comprehensive compensation and benefits packages for eligible roles. Our health and well-being benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance. Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching. We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave. Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits. Join us and enjoy the competitive compensation and benefits we offer to our employees. For additional information regarding Baxter US Benefits, please speak with your recruiter or visit our Benefits site: Benefits | Baxter Equal Employment Opportunity Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic. Know Your Rights: Workplace Discrimination is Illegal Reasonable Accommodations Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information. Recruitment Fraud Notice Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice .