Cash Posting Specialist I
About The Position
Responsible for the daily review and posting of insurance remittances received electronically or in hard copy for patients, guarantors, third-party payers, and insurance companies. The role reviews contractual adjustments taken by managed care payers and researches and resolves differences. It also distributes payments received by Patient Financial Services that are intended for other Children Memorial Hospital entities and provides documentation to Accounting for cash transactions related to patient accounts receivable. Timely processing, speed, accuracy, and attention to detail are important to this position.
Requirements
- High school diploma or GED, or two or three years of related experience and/or training.
- Solid knowledge of Excel, including linking and creating formulas.
- Ability to enter or key high volumes of data rapidly and accurately.
- Analytical skills to identify errors.
- Bank reconciliation experience.
- EPIC experience.
- Knowledge of physician billing workflow, third-party payer procedures, governmental regulations, and managed care contracting to understand and respond to patient-account inquiries.
- Excellent customer service skills; professional, self-confident, dependable, and a team player.
Nice To Haves
- Math and accounting experience.
- Experience with electronic remittance advice software.
Responsibilities
- Apply electronic and hard-copy payments to the appropriate patient accounts daily.
- Process and reconcile lockbox, EFT, and credit card postings in the practice management system daily.
- Process or transfer credits to the appropriate Children Memorial Hospital entities.
- Reconcile the Blue Cross Experience Report.
- Prepare journal entries and supporting documentation for Accounting for entries related to patient accounts receivable.
- Review managed care contract terms and governmental reimbursement regulations to correct erroneous system-generated or manual contractual adjustments, and post appropriate adjustments that were not posted before payment.
- Review payment and adjustment accuracy, verify amounts prorated to third parties and patients, determine the next step for remaining balances, and provide the necessary information to the person responsible for follow-up.
- Verify and apply credit card transactions to reconcile monthly account statements.
- Reconcile bank statement reports daily.
- Process patient or third-party checks returned as unpayable due to insufficient funds.
- Perform other duties as assigned.
Benefits
- Medical, dental, and vision insurance
- Employer-paid group term life and disability
- Employer contribution toward Health Savings Account
- Flexible Spending Accounts
- Paid Time Off (PTO)
- Paid holidays
- Paid parental leave
- 403(b) with a 5% employer match
- Supplemental life, AD&D, and disability coverage
- Critical illness, accident, and hospital indemnity coverage
- Tuition assistance
- Student loan servicing and support
- Adoption benefits
- Backup childcare and eldercare
- Employee Assistance Program and specialized behavioral health services and resources for employees and family members
- Discount on services at Lurie Children’s facilities
- Discount purchasing program
- Wellbeing programs
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
