Cash Application Specialist
Cash Application Specialist
Posted on :
06-04-2025
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
06-04-2025
Job Description
Position Description
PMC Mission and ValuesOur Mission is excellence in healthcare services and the promotion of wellness in our community. Our Guiding Values are Integrity Dignity Professionalism Teamwork and Quality.
Job Description
Cash Application Specialist
Department
Business Office
Reports To
Business Office Manager
Position Summary
We are seeking an enthusiastic and dedicated individual to join our team as a Cash Application Specialist. The Cash Application Specialist is a medical payment specialist who is responsible for posting received checks processing payments from insurance companies and patients and keeping detailed records of all accounts. The Cash Application Specialist also needs to balance electronic and manual cash receipts and provide reports and tools to measure performance and workflow.
Duties & Responsibilities
- Posts all payments and adjustments daily.
- Followup to ensure resolution for cash balance errors and bank reconciliation of daily deposits.
- Identifies selfpay overpayments and performs followup.
- Enters refunds in the system in a timely manner.
- Submits underpayments and overpayment information to appropriate biller for followup.
- Performs weekly allocation of deposits.
- Ensures accurate transfer of patient account balances.
- Balances cash daily.
- Resolve all payments with missing Explanation of Benefits (EOB).
- Close and update daily payment batches.
- Ensure appropriate line items adjustments are performed at time of payment.
- Be familiar with HIPAA and PHI guidelines.
- 835 electronic payment matching.
- Posts all incoming correspondence.
- Research for possible posting errors.
- Verify expected reimbursement and adjustment based upon the provided contract list.
- Reconcile and correct any basic batch balance inconsistencies with accuracy and speed.
- Report problems and issues to the Patient Accounts Supervisor and Manager.
- Pull remits from payer portals for zero voucher posting.
- Research and correct all transactions relating to unapplied cash and any other posting transactions needed.
- Includes other responsibilities and duties as assigned based upon business needs or requirements.
Qualifications
Demonstrates a high degree of accuracy and analytical skills. Twoplus 2 years of experience in medical cash posting and an understanding of A/R cycle is required. Knowledge of Cerner and MatrixCare systems preferred. Applicants must have a team player attitude be energetic able to multitask with a focus on excellent customer service. Accurate 10 key experience by touch and computer knowledge is a must. We are looking for someone who is a selfstarter with strong organizational skills demonstrates accountability integrity professionalism creativity innovative and receptive to change.
- Must have experience posting insurance and patient payments cash applications cash posting for physician and hospital services.
- Ability to understand Explanation of Benefits (EOB) and Electronic Funds Transfer (EFT).
- Knowledge of adjustment codes (CARC RARC).
- Must be able to pass a background check with a thirdparty company a State of Alaska Background Check and a drug screen (including .
Skills
- General accounting principles.
- Electronic Remittance Summary posting.
- MS Office 360 and Excel.
- Professional verbal and written communication skills.
Working Conditions
- Works in a clean welllit environment around patients residents family members and employees.
- This position is typically performed in an office setting onsite within a healthcare facility. Remote work is a consideration.
- The position is full time with benefits.
Type: Fulltime
Expires: 05/31/2025
Required Experience:
Unclear Seniority
Employment Type
Full-Time
Key Skills
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