Contract

Payment Posting Specialist

Candid Health

Candid Health

51-200 employees

Automates healthcare revenue cycle management.

Compensation Overview

$20 - $24/hr

Remote in USA

Remote

Category
Accounting (1)
Requirements
  • Minimum of 2-3 years of experience in medical billing, payment posting, or a similar Revenue Cycle Management role
  • Proven experience navigating and extracting remittance data from major payer portals
  • Demonstrated experience with credit balance resolution and refund processing
  • Proficiency with medical billing software and Electronic Health Record systems
  • Expert-level understanding of Explanation of Benefits, Electronic Remittance Advices, CPT, ICD-10, and standard adjustment/denial codes
  • Exceptional data entry speed and accuracy
  • Strong analytical and problem-solving skills, particularly for reconciling complex accounts and identifying missing remit issues
  • Excellent organizational and time management abilities to handle high-volume processing
  • Capable of rolling up your sleeves and being flexible/resourceful to adapt to changing business needs
  • Clear and concise communicator; able to explain complicated ideas clearly in writing and in person
Responsibilities
  • Accurately post payments, adjustments, and denials from Explanation of Benefits and Electronic Remittance Advices to the appropriate patient accounts within the billing system
  • Identify, locate, and retrieve remittance information, including Explanation of Benefits, from various payer-specific online portals (e.g., Availity, Change Healthcare, government payer sites) and internal queues to ensure all payments are posted in a timely manner
  • Ensure all transactions are balanced daily
  • Proactively identify and resolve ERA gaps by investigating missing remittances, contacting payers, or manually posting payments as needed to maintain clean accounts receivable
  • Research and correct claims or posting errors that prevent claims from reconciling properly

Candid Health automates revenue cycle management for healthcare providers. Its platform monitors the billing and insurance-collection process, detects issues that slow or block payments, and automatically flags and fixes problems to optimize collections. The product integrates with both custom and commercial healthcare IT systems via APIs to fit into existing workflows, and is offered on a subscription basis. This combination of automated issue detection, auto-remediation, and seamless integration distinguishes it from competitors by focusing on reducing manual billing effort and improving cash flow. The company’s goal is to help healthcare providers increase payment capture rates and shorten the time to reimbursement.

Company Size

51-200

Company Stage

Series C

Total Funding

$97.8M

Headquarters

San Francisco, California

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $52.5M Series C from Oak HC/FT, totaling $99.5M funding.
  • Revenue grew nearly 250% YoY in 2024, serving over 200 organizations.
  • Expands to multi-site groups, targeting $100B annual admin cost savings.

What critics are saying

  • Apero undercuts with lower costs, stealing telehealth clients like Allara.
  • Adonis poaches physician groups using superior GenAI denial prediction.
  • Epic and Athenahealth lock 70% hospitals, forcing Candid customer churn.

What makes Candid Health unique

  • Candid achieves 95-99% first-pass resolution and net collection rates for clients.
  • Platform integrates natively with Elation Health and Healthie for seamless claims.
  • GenAI automates claim corrections before submission, reducing manual interventions.

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Benefits

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Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

16%
Oak HC/FT
Feb 12th, 2025
Candid Health Raises $52.5 Million Series C to Enhance GenAI Features, Expand Revenue Cycle Automation Platform to More Providers

Candid Health, the autonomous revenue cycle automation platform for healthcare providers, today announced it has raised $52.5 million in Series C funding led by Oak HC/FT with participation from existing investors.

PharmiWeb.com
Feb 12th, 2025
Candid Health Raises $52.5M Series C

Candid Health raised $52.5 million in Series C funding led by Oak HC/FT, bringing total funding to $99.5 million. The company aims to enhance GenAI features and expand its revenue cycle automation platform to more healthcare providers. Candid's platform improves touchless claim rates and payor net collection rates, driving industry-leading results. The company experienced nearly 250% revenue growth YoY in 2024 and plans to expand customer relationships with multi-site provider groups nationally.

PharmiWeb.com
Sep 11th, 2024
Candid Health Announces $29 Million Series B Led by 8VC to Transform Revenue Cycle Automation

Candid Health announces $29 million Series B led by 8VC to transform revenue cycle automation.

ACCESS Newswire
Sep 11th, 2024
Candid Health Announces $29 Million Series B Led by 8VC to Transform Revenue Cycle Automation

SAN FRANCISCO, CA / ACCESSWIRE / September 11, 2024 / Candid Health, the revenue cycle automation platform for healthcare providers, today announced a $29 million Series B led by 8VC with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. This brings the company's total amount raised to $47 million.