Cash Posting Specialist II - Cash Management - Days -FT

Memorial Hospital at Gulfport • Biloxi, MS

15h

About The Position

Manages the posting and reconciliation of all third party, insurance payments, and adjustments to the appropriate patient encounters, non-patient cash, and miscellaneous cash. Responsibilities Posts appropriate insurance adjustments to patient accounts. Posts insurance payments/adjustments manually, electronic remittance, commercial lockbox, and insurance credit card. Posts zero payments from insurance companies; applies insurance to patient accounts when needed. Posts any zero payments with an appropriate ANSI denial code for insurance follow-up. Runs payment transaction detail to ensure balanced deposit. Appropriately assign correct General Ledger account to non AR cash while recognizing credits and debits. Prepares and scans all manual checks, Electronic Remittance Advice (ERA), commercial lockbox, insurance credit card deposits, and EOB's to the document management software. Utilizes payer websites to retrieve EOB's. Accesses appropriate websites to retrieve EOB's for insurance credit card deposits. Contacts insurance payers for out-of-balance EOB's, write-off recoveries, and retractions of payments. Balances electronic remittances between Electronic Remittance Advice management software and hospital Accounts Receivable (AR) software. Manages general AR cash postings and General ledger account. Runs spreadsheet reports for outstanding items for Accounting. Collaborates with Accounting Department for month-end and fiscal year-end closing.

Requirements

• High School or GED Required
• 2 years experience in insurance payment posting, insurance billing, or insurance collections in a healthcare or business setting
• Excellent mathematical skills
• Advanced skills in processing hospital insurance processes

Nice To Haves

• 5 years experience in insurance payment posting, cash handling, bank deposit reconciliation, insurance billing or collections.

Responsibilities

• Posts appropriate insurance adjustments to patient accounts.
• Posts insurance payments/adjustments manually, electronic remittance, commercial lockbox, and insurance credit card.
• Posts zero payments from insurance companies; applies insurance to patient accounts when needed.
• Posts any zero payments with an appropriate ANSI denial code for insurance follow-up.
• Runs payment transaction detail to ensure balanced deposit.
• Appropriately assign correct General Ledger account to non AR cash while recognizing credits and debits.
• Prepares and scans all manual checks, Electronic Remittance Advice (ERA), commercial lockbox, insurance credit card deposits, and EOB's to the document management software.
• Utilizes payer websites to retrieve EOB's.
• Accesses appropriate websites to retrieve EOB's for insurance credit card deposits.
• Contacts insurance payers for out-of-balance EOB's, write-off recoveries, and retractions of payments.
• Balances electronic remittances between Electronic Remittance Advice management software and hospital Accounts Receivable (AR) software.
• Manages general AR cash postings and General ledger account.
• Runs spreadsheet reports for outstanding items for Accounting.
• Collaborates with Accounting Department for month-end and fiscal year-end closing.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees