Payment processor vs finance clerk

Differences between payment processor and finance clerk duties and responsibilities

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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Finance clerk example responsibilities.

• Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
• Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
• Write checks in the QuickBooks software to vendors and to reimburse employees.
• Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
• Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
• Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.
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