Cash Applications Specialist Healthcare

MPOWERHealth • Conshohocken, PA

3d • Hybrid

About The Position

MPOWER Health is hiring a Cash Applications Specialist, also referred to in the posting as a Payment Posting Specialist, to support its healthcare financial operations. The role focuses on accurately posting patient and insurance payments, entering electronic check payments into billing software, analyzing reports, and reconciling discrepancies. The specialist will follow payer protocols, stay current on fee schedules, meet monthly posting goals and closing deadlines, maintain billing spreadsheets in Excel, and collaborate with the team to streamline processes and support department goals.

This is a hybrid role. The first 90 days are in-office; after 90 or more days of training, the schedule is two days in the office and three days remotely each week. Compensation is determined based on experience, skills, and qualifications during the hiring process.

Requirements

• At least 2 years of consistent experience in healthcare payment posting.
• Strong knowledge of health insurance processes.
• Experience with Electronic Response Admittances (ERAs) and Explanation of Benefits (EOBs).
• Strong analytical skills to identify trends and resolve account discrepancies.
• Proficiency in Microsoft Excel for building and maintaining reports.
• Willingness to learn new systems.
• Excellent communication skills and strong organizational abilities.
• Professional presence and consistent, reliable attendance.

Responsibilities

• Accurately post patient and insurance payments in a fast-paced environment.
• Retrieve electronic checks and enter payments into billing software.
• Analyze reports to ensure accurate posting and reconcile discrepancies.
• Follow payer protocols and stay updated on fee schedules.
• Meet monthly posting goals and closing deadlines.
• Use Excel to build and manage billing spreadsheets.
• Collaborate with the team to streamline processes and support department goals.

Benefits

• Multiple medical plan options.
• Health Savings Account with company contributions.
• Dental coverage for the employee and family.
• Vision coverage for the employee and family.
• 401(k) plan with company match.
• Paid vacation.
• Paid sick time.
• Company holidays.
• Wellbeing program with health insurance incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed