Cash Posting Specialist

Base Pay $23.97 / Hour Employee Type Bargaining UPW - FT Description Responsible for the posting and reconciliation of daily cash deposits received. Cash Posting Specialist must be able to post a high volume of transactions accurately and efficiently across all lines of service. Download and process Electronic Remittance Advices and credit card transactions in a centralized cash receipt environment. Post payments of Accounts Receivable from Medicare, Medicaid, Insurance Payers, and patients including ERA, EFT and cash receipts. Ensures monies are posted to the correct payer, patient, and date of service. Assist in daily and monthly balancing of payment postings to support internal cash controls. Performs other duties as assigned. Essential Duties and Responsibilities Performs input posting of patient account payments received, of related write-off adjustments, based upon the payments and remittance advice received from Medicare, Medicaid, and many other third-party and private payers. Calculates contractual and posts receipts into one of several possible systems. Balances postings to cash deposits. Ensures accuracy of contractual calculations, collections and deposits, and full compliance to federal and state laws, rules and regulations, and hospital and corporate policies and procedures are followed. Verifies remittance advice for accuracy in reimbursements, notates discrepancies and coordinates follow-ups with billers (and appropriate staff) for discrepancies. Identity and track line denials from claims and be a key member of the Denials Team. Processes patients’ refunds and provides denial notification to billers. Ensures the timeliness and accuracy in the preparation of various cash posting and reconciliation reports and data input to one of several systems and databases. Coordinates the compilation of required cash posting reports and data entry information as requested. Updates various databases as requested and in accordance with the above referenced job duties. Assists with information research, collection and compilation of statistics, computes and cross references the data collected to ensure accuracy and prepares and generates reports. Actively reviews and researches payment posting and adjustment discrepancies with the intent to notify appropriate staff of any variances. Acts as a support or backup resource for Patient Account Representative, stepping in as necessary. Performs other duties as assigned or requested. Physical Demands Prolonged walking and sitting for periods of time. Continuous handling, fingering and eye-hand-foot coordination, with frequent reaching. Continuous use of corrected vision, depth perception, wide field of vision and color vision. Mental Demands High attention to detail, concentration and alertness. Must handle multiple tasks simultaneously and is subject to interruptions. Communication Demands Must have excellent communication skills (reading, writing, speaking, and understanding) in English. Skills/Knowledge Ability to type a minimum of 40 words per minute (wpm). Knowledge of the business use of computer hardware, software, including, but not limited to, Cerner, Microsoft Office, 3M Coding (or comparable system), etc. Experience/Qualifications Minimum of 2-3 years in a hospital environment or similar environment. Experience in posting payments and denials from paper EOBs as well as Electronic 835 files. Ability to interpret Explanation of Benefits. Must be detail oriented and possess a high level of accuracy. #J-18808-Ljbffr