Cash Application Specialist - AZ - Clinic Finance

Midwestern University • Glendale, AZ

2d • Onsite

About The Position

The Cash Application Specialist is responsible for completing all payment posting to patient accounts, reconciles payments and shortages for both paper and electronic EOBs. This position reports to the Manager of Patient Accounts

Requirements

• High school diploma or GED required.
• A minimum of 3-5 years of accounts receivable experience working in a healthcare setting or medical office environment required.
• Experience working with Explanation of Benefits (EOB) forms, understanding of adjustments based on fee schedules.
• Must have strong attention to detail, accuracy, and proficiency with numbers.
• Efficient ten-key calculator skill and excellent analytical abilities.
• Ability to find and correct errors with minimal assistance.
• Good verbal and organizational skills
• Computer proficiency in MS Office (Word, Excel, Outlook).
• This individual must have regular, in-person, predictable attendance with the ability to work in a constant state of alertness and safe manner.

Responsibilities

• Analyze and interpret information on Remittance Advice (RA)/Explanation of Benefits (EOB)
• Accurately apply lock box and electronic remittance payments to the appropriate patient claims and/or accounts in the billing system
• Enter primary payer contractual adjustments according to fee schedules
• Enter accurate reimbursement and transaction codes and adjustments for contractual and bad debt categories
• Balance all posted amounts to check and batch amount; troubleshoot as necessary; resolve any out if balance transactions
• Research difficult Remittance Advices for resolution to avoid posting to the unapplied account
• Review credit balance report to initiate refund requests for both patient and insurance refunds
• Ensures payments and adjustments are posted timely prior to month-end closing
• Notes all payer rejected claims into billing system from EOBs. Uses relevant functions of various billing and patient practice management systems
• Ensures that Federal and state collection/follow-up requirements and regulations are achieved
• Implement changes directed by regulatory agencies
• Identify key issues and take appropriate action to ensure revenue maximization on individual accounts
• Perform system maintenance on autoposting functions to ensure accurate posting of electronic remittance advice
• Answers patient questions, inquires, and concerns regarding their accounts.
• Other duties may be assigned

Benefits

• We offer a comprehensive benefits package that includes medical, dental, and vision insurance plans as well as life insurance, short/long term disability and pet insurance.
• We offer flexible spending accounts including healthcare reimbursement and child/dependent care account.
• We offer a work life balance with competitive time off package including paid holiday’s, sick/flex days, personal days and vacation days.
• We offer a 403(b) retirement plan, tuition reimbursement, child care subsidy reimbursement program, identity theft protection and an employee assistance program.
• Wellness is important to us and we offer a wellness facility on-site with a fully equipped fitness facility.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED