Electronic component processor vs payment processor

Differences between electronic component processor and payment processor duties and responsibilities

Electronic component processor example responsibilities.

• Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
• Process and maintain all share drafts, ACH, and periodic payment exceptions.
• Process all electronic processes including ACH, drafts, bill pay and wires.
• Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
• Process various types of medical and facility claims, billing insurance companies with the correct ICD-9 and diagnosis codes.
• Facilitate ICD-9 and procedural coding for outpatient hospital and clinic patients.
Show more

Payment processor example responsibilities.

• Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
• Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
• Prepare and print all reports for EDI processing.
• Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
• Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
• Investigate and take corrective action regarding invoices reject by system or through EDI.
Show more