Cash Applications Analyst

TIDEWATER PHYSICIANS MULTISPECIALTY GROUP P C•Newport News, VA

1d•Onsite

About The Position

The Cash Application Analyst will assist with the daily operations of Cash Control and posting. This role ensures deposits, posting, reconciliation and the efficiency of the team is reaching sensitive time expectations. The Cash Application Analyst will assist in identifying trends and notifying CBO Revenue Cycle Manager of any deterrence in cash flow. The Cash Application Analyst will report to CBO Revenue Cycle Manager and can be given assigned tasks to support the goals and protocols of revenue cycle workflow and revenue affecting tasks.

Requirements

Knowledge of computer systems and applications (Microsoft Excel is a requirement).
Knowledge of EPM and Electronic Health Systems (EHR).
Knowledge of medical insurance billing and accounts receivable management.
Knowledge of payer EOBs and posting processes.
Knowledge of clearinghouse (Availity RCM and Waystar) and payer or vendor websites for EOB access.
Analytical ability to research, identify and resolve BBP issues, missing EOBs and/or payment posting.
Skill in communicating clearly with direct reports and practice location management.
Ability to work scheduled hours as defined in the job offer.
Ability to read and understand oral and written instructions and follow written protocols.
Ability to communicate with team members clearly and concisely.
High School diploma/GED.
5+ years experience in medical environment or;
Certificate of completion in a medical program/field a plus.

Responsibilities

Responsible for daily review and recording of incoming payments from insurance and patients via bank deposits, EFT transactions, Lockbox, and Virtual Credit Cards
Responsible for daily disbursement of EFT logs and batches for posting to our internal team and RCM Services
Ensures timely reconciliation of payment posting by internal team and RCM Services
Analyze data to determine trends in payer deposits and posting
Assists with posting 3rd party payments (i.e. Drug Copays, Care Credit, attorneys, liabilities, etc.)
Assists with posting and monitoring offsets
Assists sites with reconciliation needs
Assists with correspondence review and/or disbursement
Responsible for working collaboratively with the accounting department for month end reconciliation reports
Researching posting discrepancies and locating unposted monies
Maintains teamwork, customer service production and quality standards to assure timely, efficient and accurate issue resolution (i.e. Check searches, patient inquiries)
Other duties as assigned