Cash Applications Specialist-Full Time-Days

Cape Fear Valley Health

7d•Onsite

About The Position

The Cash Applications Specialist posts payments and adjustments to patient accounts and records appropriate entries for refund processing. The role receives daily receipts from the Cashiers Office and other entities; prepares daily bank deposits; scans bank deposit information; and prepares book or refund payments received in error. The specialist balances daily cash reconciliation, including direct deposit reconciliation, identifies variances, and reports issues found during daily and monthly reconciliation. The role also keeps the supervisor apprised of job-related issues.

Requirements

Associate’s degree in business or a related field.
Two years of clerical experience.
Proficiency in reading, writing, and speaking English.
Experience with Microsoft Windows and Microsoft Excel spreadsheets.
Numerical ability to verify accuracy and clerical perception to detect computation and posting errors.
Near visual acuity for reading records and quickly and accurately keying data.
Motor coordination and finger dexterity.
Good oral and written communication skills.

Nice To Haves

Clerical experience in a hospital business office or accounting department.
Banking and cash reconciliation experience.
Medical terminology and knowledge of third-party payors.

Responsibilities

Balance cash received against receipts and accounts posted to the patient accounting or general ledger system each day.
Reconcile credit cards to the bank balance.
Prepare and combine reconciliations for direct deposit items, wire transfers, daily cash reconciliation, and automated payors into monthly reports.
Resolve history, unlocated, and internal accounts.
Post payments and adjustments to the appropriate patient accounts and insurance payors.
Run a tape on each batch of EOBs to ensure it balances.
Prepare daily deposit total sheets.
Prepare or initiate refunds and enter them into the system for interface with Accounts Payable.
Prepare daily bank deposits and scan bank deposit information.
Report variances and reconciliation issues and keep the supervisor informed of job-related issues.
Perform other duties as assigned.