Payment Specialist -FPA CBO

Job Description

Strength Through Diversity

Ground breaking science. Advancing medicine. Healing made personal.


The Payment Specialist is responsible for reconciling and posting electronic remittance advices using the check merge functionality within billing system. Functions include submission of bi-weekly and monthly reports to finance to transfer funds from the FPA/CBO holding account to the appropriate departmental revenue funds.


Roles & Responsibilities:

  • Reviews bank account for electronic fund transfer deposits
  • Merges checks and posts deposited funds electronically in billing system
  • Reviews and posts any required edits within 24 hours of deposit. Works with IDX Analysts to ensure edits are minimal
  • Reconciles electronic lockbox transactions, and posts any ERA files associated with the check deposits within 24 hours of deposit
  • Notifies payment posting manager of any checks that have to be posted manually
  • Monitors ERA denial postings and notifies IDX analysts of any discrepancies
  • Investigates unidentified cash and resolve misdirected payments
  • Runs bi-weekly and monthly fund transfer reports. This is a highly critical function that ensures providers are paid properly. Transfers monies from the FPA/CBO holding account to the appropriate departmental revenue funds
  • Mentors less experienced staff and assists Manager in the training and orientation of new employees
  • Performs other related duties
  • Education: HS Diploma/GED required; Associates degree is preferred
  • Experience: 4 years of health claims billing experience. Specific experience working electronic remittance advices and electronic fund transfers is preferred.

Strength Through Diversity


The Mount Sinai Health System believes that diversity and inclusion is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize healthcare delivery together.


We work hard to recruit and retain the best people, and to create a welcoming, nurturing work environment where you have the opportunity and support to develop professionally. We share the belief that all employees, regardless of job title or expertise, have an impact on quality patient care. 


Explore more about this opportunity and how you can help us write a new chapter in our story! 

Who We Are

Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.


Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospitals, including Mount Sinai Beth Israel, Mount Sinai Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.


The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation. 


EOE Minorities/Women/Disabled/Veterans


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