Finance processing clerk vs payment processor

Differences between finance processing clerk and payment processor duties and responsibilities

Finance processing clerk example responsibilities.

• Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
• Create various disbursements such as checks, wires and ACH's.
• Execute origination process, reports and research information for certification.
• Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
• Execute general administrative and bookkeeping duties, vehicle billing, and maintain computerized bookkeeping system ADP.

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.
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