Third Party Cash Application Specialist

Covenant Living • Skokie, IL

11d

About The Position

Ensures all third party payments, including from Medicare, Medicaid and Insurance companies, are posted to resident accounts in myUnity and PCC. Works with campuses and Central Office Finance to reconcile bank receipts monthly. Coordinates with third party payers to receive electronic remittance advices and electronic funds transfer arrangements. Monitor and download payment files and apply payments to resident accounts in myUnity / PCC Receive campus deposit information, save to campus folders and post to resident accounts Receive, scan and post manual checks from third party payers Resolve payment discrepancies with reimbursement team as needed Update deposit log daily and reconcile with campus and Finance staff monthly Contact payers to transition payers to electronic processing or to obtain missing remittances Research, resolve and report any clearinghouse or bank related issues Provide feedback to management regarding any issues or repetitive errors that may be encountered during claim review and submissions

Requirements

• High School Diploma
• Healthcare office setting experience required, minimum of 2 years of posting payments and analyzing accounts
• Working knowledge of MS Office, including Excel and Outlook
• Extremely detail oriented with a high level of problem solving skills
• Excellent organizational and communication skills
• Ability to handle multiple projects simultaneously to meet deadlines, working autonomously and in group settings
• Ability to maintain confidentiality with sensitive resident information
• Ability to complete mathematical calculations to assess accuracy of payments

Nice To Haves

• Some college or Associates degree

Responsibilities

• Monitor and download payment files and apply payments to resident accounts in myUnity / PCC
• Receive campus deposit information, save to campus folders and post to resident accounts
• Receive, scan and post manual checks from third party payers
• Resolve payment discrepancies with reimbursement team as needed
• Update deposit log daily and reconcile with campus and Finance staff monthly
• Contact payers to transition payers to electronic processing or to obtain missing remittances
• Research, resolve and report any clearinghouse or bank related issues
• Provide feedback to management regarding any issues or repetitive errors that may be encountered during claim review and submissions

Benefits

• Medical, dental and vision insurance
• Employer paid group term life and disability
• Paid Time Off (PTO) & six paid holidays
• 403(b) with a 3% employer match
• Fitness center use at most facilities
• Various voluntary benefits: Life, AD&D
• Tuition assistance and scholarships
• Employee assistance program
• Legal services, home/auto insurance, discount purchasing program
• Pet Insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED