Job description
The Cash Specialist I is responsible for accurate and timely posting of payments/remittance advices to patient accounts for a minimum of two different healthcare corporations. Accurately executes and balances all electronic and paper remittances posting jobs to patient accounts. Meets and exceeds the minimum productivity volume and standards of work as defined within the departmental policies and procedures.
Mail Processing: Opens and sorts all incoming mail into deposits and correspondence. Sorts and batches checks and remittances and prepares deposit
Payment Processing: Processes insurance credit card payments on the back office credit card system and forwards batches for posting to the Cash Specialist 2
Clerical: Pulls EOBs needed for auditing purposes. Reviews and complete necessary follow-up on reminders and emails.Copies EOBs of manual cash batches where credits were created and forwards to the Financial Cash Counselor for review. Files all cash and denial batches
Insurance Payment Posting: Processes payments from patients and insurance companies on hand before month-end closing, and posts payments and appropriate adjustments to patients' accounts within 7 - 10 days from date of receipt with an accuracy rate of 98%. Reviews and researches all payments received for correct account numbers, late charges and secondary insurance; reviews contractual allowances on all Inpatient accounts and Outpatient accounts with balances over $500.00 to ensure insurance is paying per contractual agreement. Prepares copies of insurance payments for secondary billing and forwards to correct personnel, Maintains remittance and cash posted files, and provides copies to billing personnel for secondary billing or follow-up. Reviews batches for correct balances and identifies credit balances and posting errors; forwards to appropriate personnel.
Qualifications: High school diploma or GED, with experience using a computer for data entry in an office setting, or Associates degree. Strong math skills required.
Location: Saratoga Hospital · Patient Accounts
Schedule: Per-Diem, Day shift, Flexible
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