Cash Applications Specialist

Cash Applications Specialist - Golden Valley

Hours:
Full Time, 40 hours/week 
Days

Department:            
Patient Account Services

Purpose of this job:
Accurate, timely and efficient processing and control of cash payment receipts and adjustments for Patient Account Services. Responsible to record and report daily and month-end balancing of charges, payments and adjustments. Recognize when reimbursement is not meeting established payment standards so that necessary follow up may be completed to ensure payments are received per contracted payer fee schedules.

Major Job Responsibilities

1. Timely processing of all third party remittances and automated payer remittance files, determining the proper client account, coding type and revenue class, posting each payment, adjustment, denial and/or reason for non-payment using standardized remark codes and claim notes, working error reports from automated payer remittance files and maintenance and set up of McKesson system remark codes to meet payer remittance requirements, notifying Billing Systems Supervisor of any discrepancies as may be applicable in reconciling payments to the general ledger.
2. Recognize receipt of payments for which funds are received electronically, performing timely follow-up to obtain remittances from various payer web sites and/or to resolve any issues regarding missing remittances and/or funds.
3. Per policy and procedure, calculate contractual payer adjustment amounts. Verify adjustment amounts per established reimbursement schedules, recognizing and reporting adjustments not meeting acceptable standards.
4. Ensure entry and accuracy of all self pay payments, both posted within PAS and at all Central Check-In sites ensuring all payments received are accounted for.
5. Compare system data to source documents, recording daily system activity to assure accuracy and integrity of system balance, reporting discrepancies to Billing Systems Supervisor. Control storage of all daily, month-to-date and year-to-date reports as assigned.
6. Act as lead in training existing or new staff on how to post cash, review and release batches. 
7. Perform payment-adjustment removals and/or updates as requested by account reps, maintaining validity of payment-adjustment data to ensure integrity of system balance. Question requests that appear to be incorrect.
8. Other duties as assigned.

Education/Work Experience

Required: Minimum of one-year cash applications experience in a hospital or large multi-service medical clinic setting. Preferred: Medical Billing experience.

Other Qualifications

• Proficient in 10 key, data entry, Microsoft Windows, Excel, and Word.
• Accounting aptitude, attention to detail, ability to manage large quantities of data.
• Strong verbal communication skills. 
• Flexibility in learning new roles and responsibilities.