Cash Posting Specialist II - Cash Management - Days -FT

Job description

Manages the posting and reconciliation of all third party, insurance payments, and adjustments to the appropriate patient encounters, non-patient cash, and miscellaneous cash.
• Posts appropriate insurance adjustments to patient accounts.
• Posts insurance payments/adjustments manually, electronic remittance, commercial lockbox, and insurance credit card.
• Posts zero payments from insurance companies; applies insurance to patient accounts when needed.
• Posts any zero payments with an appropriate ANSI denial code for insurance follow-up.
• Runs payment transaction detail to ensure balanced deposit.
• Appropriately assign correct General Ledger account to non AR cash while recognizing credits and debits.
• Prepares and scans all manual checks, Electronic Remittance Advice (ERA), commercial lockbox, insurance credit card deposits, and EOB's to the document management software.
• Utilizes payer websites to retrieve EOB's.
• Accesses appropriate websites to retrieve EOB's for insurance credit card deposits.
• Contacts insurance payers for out-of-balance EOB's, write-off recoveries, and retractions of payments.
• Balances electronic remittances between Electronic Remittance Advice management software and hospital Accounts Receivable (AR) software.
• Manages general AR cash postings and General ledger account.
• Runs spreadsheet reports for outstanding items for Accounting.
• Collaborates with Accounting Department for month-end and fiscal year-end closing.

Education:
• High School or GED

Experience:
• Required: Two (2) years of experience in insurance payment posting, insurance billing, or insurance collections in a healthcare or business setting
• Preferred: Five (5) years of experience in insurance payment posting, cash handling, bank deposit reconciliation, insurance billing, or collections

Skills:
• Excellent mathematical skills
• Advanced skills in processing hospital insurance processes