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Medical Payment Processing Jobs in Illinois (NOW HIRING)

Do you have excellent payment processing experience and want to join a top financial institution ... include medical, dental, vision, life insurance, short-term disability, additional voluntary ...

Payment Posting Specialist

Hillsboro, IL · On-site

$18.90 - $23.63/hr

Process paper and electronic remittance advice (ERA) and explanation of benefits (EOB) documents ... Strong understanding of insurance EOBs, ERAs, and medical billing terminology. * Experience with ...

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Our ability to do that comes from world-class execution - robust systems, disciplined processes ... Medical, dental, pharmacy, and vision plans with no monthly premiums * Industry leading company ...

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Medical Payment Processing information

What is medical payment processing?

Medical payment processing refers to the system and procedures used by healthcare providers to manage, collect, and process payments from patients and insurance companies for medical services rendered. It involves verifying insurance coverage, submitting claims, handling patient billing, and ensuring payments are properly recorded. Efficient medical payment processing helps healthcare organizations maintain cash flow, comply with regulations, and reduce billing errors. Professionals in this field often use specialized software and must stay updated on industry standards and insurance policies.

What are some common challenges faced in medical payment processing, and how can new team members effectively navigate them?

Medical payment processing professionals often encounter challenges such as handling complex insurance claims, ensuring compliance with healthcare regulations, and resolving discrepancies between patient records and payer requirements. New team members can navigate these challenges by familiarizing themselves with industry-standard billing codes (like ICD-10 and CPT), maintaining attention to detail, and proactively communicating with both clinical staff and insurance representatives. Many organizations offer ongoing training and mentorship to help new hires stay updated on evolving policies and streamline workflows, fostering a collaborative environment where questions and knowledge sharing are encouraged.

What are the key skills and qualifications needed to thrive in medical payment processing, and why are they important?

To thrive in Medical Payment Processing, you need a solid understanding of healthcare billing practices, insurance claims procedures, and medical coding, often supported by a degree or certification in medical billing. Familiarity with billing software such as Epic, Cerner, or Meditech, as well as knowledge of ICD-10 and CPT codes, is typically required. Attention to detail, problem-solving abilities, and strong communication skills help professionals manage complex payment issues and collaborate with patients and providers. These skills ensure accurate processing of payments, reduce claim denials, and support the financial health of healthcare organizations.

What is the difference between Medical Payment Processing vs Medical Billing Specialist?

AspectMedical Payment ProcessingMedical Billing Specialist
CredentialsNone specific, often requires familiarity with insurance and payment systemsCertification often preferred (e.g., Certified Professional Biller)
Work EnvironmentHealthcare facilities, insurance companies, payment processing centersMedical offices, clinics, hospitals
Employer & Industry UsageInsurance companies, healthcare providers, third-party payersHealthcare providers, billing companies
Primary FocusProcessing payments, verifying insurance payments, handling claims paymentsCreating and submitting medical claims, coding, patient billing

Medical Payment Processing focuses on handling payments and verifying insurance reimbursements, while Medical Billing Specialists manage the creation and submission of medical claims and patient billing. Both roles are essential in healthcare finance but differ in their specific responsibilities and work environments.

Is it hard to get hired as a medical payment processing?

Getting hired as a medical payment processor generally requires attention to detail, knowledge of healthcare billing systems, and good communication skills. Many positions prefer candidates with relevant certifications or experience in medical billing and coding, but entry-level roles are often available for those willing to learn. The hiring process can vary depending on the employer and location but typically involves interviews and background checks.

What are popular job titles related to Medical Payment Processing jobs in Illinois?

For Medical Payment Processing jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Medical Payment Processing jobs in Illinois look for?

The top searched job categories for Medical Payment Processing jobs in Illinois are:

What cities in Illinois are hiring for Medical Payment Processing jobs?

Cities in Illinois with the most Medical Payment Processing job openings:

Medical Payment Posting Specialist

Chestnut Health Systems

Bloomington, IL • On-site

$17 - $18/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 19 days ago


Key responsibilities

  • Accurately post payments received from insurance companies and patients.

  • Review and process insurance denials using appropriate CPT, ICD-10, and HCPCS coding information and route claims for follow-up when needed.

  • Research payment information and discrepancies to help maintain accurate patient accounts.


Chestnut Health Systems rating

6.8

Company rating: 6.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz


Job description

Medical Payment Posting SpecialistCompensation

Starting pay: $17.00 to $18.00 per hour

Starting pay is based on experience, qualifications, internal equity, and local market conditions.

Chestnut offers a comprehensive benefits package that supports both your career and your well-being, including health, dental, and vision insurance, retirement with company match, generous paid time off, tuition reimbursement, professional development opportunities, and career advancement.

OverviewPut your attention to detail to work in healthcare.

If you're organized, accurate, comfortable working with numbers and data, and enjoy figuring out the details, this could be a great next step in your career.

Chestnut Health Systems is seeking a full-time Medical Payment Posting Specialist to join our Revenue Cycle team. You'll play an important behind-the-scenes role in keeping our healthcare operations running smoothly by accurately posting payments, processing insurance adjustments and denials, and helping ensure patient accounts remain accurate and balanced.

You don't need years of healthcare billing experience to get started. We're looking for someone with a strong office or customer service background who is detail-oriented, dependable, comfortable learning new systems, and ready to grow.

If you're looking to build experience in healthcare revenue cycle while working for an organization where the mission matters, we'd love to meet you.

Why You'll Love This Role
  • Build valuable experience in healthcare billing, insurance reimbursement, and revenue cycle operations.
  • Put your attention to detail, organization, and problem-solving skills to work every day.
  • Learn the ins and outs of insurance payments, denials, adjustments, and patient accounts.
  • Join a collaborative Revenue Cycle team where accuracy and teamwork matter.
  • Receive training and opportunities to continue developing your healthcare knowledge and skills.
  • Build experience that can open doors to additional career opportunities throughout Chestnut.

  • Accurately post payments received from insurance companies and patients.
  • Apply contractual adjustments and discounts according to established procedures.
  • Ensure payments, co-pays, deductibles, and co-insurance are correctly allocated and accounts remain balanced.
  • Review and process insurance denials using appropriate CPT, ICD-10, and HCPCS coding information and route claims for follow-up when needed.
  • Assist with account write-offs as directed by leadership.
  • Research payment information and discrepancies to help maintain accurate patient accounts.
  • Maintain organized Revenue Cycle records and documentation.
  • Collaborate with team members and other departments to resolve payment and account questions.
  • Participate in team meetings, training, and department initiatives.
  • Protect the confidentiality and security of patient, financial, and organizational information.
  • Promote Chestnut's culture of customer service excellence in all interactions.
  • Perform other duties as assigned.

  • Strong data entry skills with a high level of accuracy and attention to detail.
  • Intermediate proficiency with Microsoft Outlook, Word, and Excel.
  • Comfortable navigating websites, software systems, and electronic records.
  • Strong organizational and time management skills.
  • Ability to identify discrepancies, research information, and follow established processes.
  • Clear and professional written and verbal communication skills.
  • Ability to work independently while contributing to a collaborative team environment.
  • Ability to maintain confidentiality and appropriately handle sensitive patient and financial information in accordance with HIPAA requirements.
check out our benefits here!

Chestnut offers a comprehensive benefits package designed to support your health, well-being, and professional growth, including:

  • Health, dental, and vision insurance
  • Retirement savings plan with company match
  • Generous paid time off
  • Tuition reimbursement opportunities
  • Employee Assistance Program
  • Professional development and continuing education
  • Career advancement opportunities throughout the organization
About Chestnut

Since 1973, Chestnut Health Systems has been improving lives through integrated behavioral health, primary care, substance use treatment, prevention, research, and community partnerships.

Today, more than 800 compassionate employees serve individuals and families throughout Illinois and Missouri. Our interdisciplinary teams deliver trauma-informed, recovery-oriented care that integrates behavioral health, primary care, dental, and community-based services to improve health outcomes and strengthen communities.

At Chestnut, you'll find more than a job. You'll become part of a mission-driven organization where your work matters and where every role contributes to helping people receive the care they need.

Additional Information

Think you'd be a great fit but don't meet every qualification?

Chestnut is committed to building a diverse and inclusive workplace. If you're excited about this opportunity but your experience doesn't perfectly match every requirement, we encourage you to apply. We'd love to learn more about your unique experiences and how you can contribute to our mission.

To be considered, applicants must attach a resume, complete the application, and answer all screening questions.

Chestnut welcomes applications from qualified individuals with recovery experience.

EOE – Minorities/Females/Veterans/Disabled


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