Cash Application Specialist

Foundation Health•Fairbanks, AK

2d•$21 - $30

About The Position

This position ensures the posting all cash and/or other monetary receipts to the appropriate patient and non-patient accounts. Daily posting tasks are performed consistent with department procedures in an accurate and timely manner. This position researches and resolves all unapplied payments within a reasonable time period. Verifies, reconciles, documents and deposits daily cash and monetary instruments for all hospital/clinic departments and maintains financial records. This position is responsible for accurately interpreting multiple payer remittance advice formats, whether paper or electronic.

Requirements

Associate degree or equivalent working knowledge.
Requires proficiency level typically attained with at least two (2) years of experience in cash/check handling or hospital billing experience.
Requires work skills in financial transactions as normally developed over two or more years of related work experience as a teller or cashier.
Requires accurate and efficient keyboarding skills, 10-key skills, and the ability to work effectively with common office software.
Must have highly developed interpersonal skills and communications skills, with a strong customer service orientation.

Nice To Haves

Previous medical, financial services and/or customer service work experience preferred.
Previous accounting and/or experience with Lawson financial systems use is preferred.
Three years of cash posting of electronic and manual funds.
Familiarity with various Healthcare Payers' Explanation of Payments.

Responsibilities

Counts and verifies daily cash and checks deposited by hospital/clinic cashiers and patient financial services. Balances deposits against recorded receipts. Investigates and resolves problems with deposit slips. Prepares daily bank deposit. Audits the safe and ensures all monies are accounted for and discrepancies are addressed.
Ensures all cash and other monetary payments are posted daily to MS4 (AS400) accounts for the appropriate patient/plan codes. EOP’s (Explanation of Payment) are reviewed for contractual, non-payment or penalties.
Reconciles daily batch postings to actual entry to identify and reconcile any discrepancies, ensuring that payment posting functions are accurate and performed on a timely basis.
Credits each department’s daily cash receipts to the appropriate cost centers and general ledger accounts in the financial information system. As assigned, receives, reviews and accounts for departmental petty cash disbursements. Debits appropriate cost centers and general ledger accounts in the financial information system
Works with internal and external resources to resolve payment-posting exceptions with electronic remittance advices. Takes additional appropriate action necessary to resolve application issues.
Perform general administrative duties as needed, researching documentation for audit requests, and assisting with reconciliation projects. Indexing/scanning non electronic payment support into RVI.