Cash Application Analyst

Elwyn • Media, PA

116d

About The Position

The Cash Application Analyst supports the treasury & revenue cycle department (RCM) by applying everyday resident, patient, as well as non-patient payments, which are received either by bank ACH/wire transmission or by check, and reconciling those postings to the daily bank activity report. This position posts all incoming payments to correct patient as well as non-patient accounts on a daily basis and reconciles accounts daily.

Requirements

• High School diploma or equivalent. Associates Degree in business, finance field preferred. Equivalent years of directly relevant experience will be considered in lieu of degree.
• Two (2) years prior Cash Applications preferred
• Knowledge of the revenue cycle and/or regulatory requirements as they relate to the billing and collections for all third-party insurance and State-based payors as well as the cash application component for the various program/service lines contained within Elwyn and the revenue cycle is preferred
• Knowledge and experience in nonprofit human services settings preferred
• Ability to work in a fast-paced environment and manage and prioritize multiple, often competing, priorities
• Demonstrated ability to work effectively as part of a team
• Demonstrated strong attention to detail
• Demonstrated strong time management and organizational skills
• Demonstrated excellent judgment with the ability to solve problems and make decisions with oversight and review of direct supervision
• Demonstrated ability to anticipate future needed changes or identify problem areas and take effective actions under direct supervision
• Must possess excellent customer interaction, collaboration, presentation, and written and verbal communication skills
• Demonstrated basic experience with Microsoft Office applications, including Word and Outlook; intermediate level experience with Excel; PowerPoint and report-writer experience preferred
• Experience using/knowledge of Electronic Health Record (EHR) / Electronic Medical Record (EMR) preferred

Responsibilities

• Ensure accurate daily application of patient & non-patient cash received through CCP/Profiler and State-based billing applications
• Ensure timely application of cash when received
• Prepare reconciliation on a daily basis of Electronic Fund Transfers postings
• Prepare reconciliation on a daily basis to specific CCP/Profiler and State-based reports to ensure accuracy of daily posting
• Provide detailed remittance advice to designated denial management specialist by program
• Work with Finance and RCM colleagues in reducing and resolving credit balance issues
• Make clear legible notes in Profiler pertaining to any refund efforts made on accounts (future state functionality)
• Ensure maintenance of Excel bank activity manual spreadsheet process provided by treasury department
• As cash is posted, communicate weekly with program accountants
• Working with Finance staff and other colleagues, research and correct any issues with unapplied cash
• Research, analyze and communicate issues within the cash application process
• Make recommendations for improvement when and where applicable
• Assist with special requests, as needed
• Perform other duties as needed

Benefits

• Generous Paid Time Off
• Comprehensive Medical/Dental/Vision Benefit Packages
• Earned Wage Access/On-Demand Pay
• Paid On-the-Job Training
• Tuition Reimbursement
• Career Advancement Opportunities and Growth
• Flexible Schedules
• Retirement Savings Plan

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Nursing and Residential Care Facilities
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees