Role Description
The Cash Posting Specialist is responsible for posting received checks, processing payments from insurance companies and patients, and detailed record keeping of all accounts.
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Post all personal, insurance and liability payments from Remittance and EOBβs to appropriate accounts with minimum errors.
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Apply manual payments and auto payments to accounts for payor types of Medicare, Medicaid and Commercial Insurances.
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Analyze EOB information, including co-pays, deductible, co-insurance, contractual adjustments, denials and more to verify accuracy of patient balances.
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Investigate the source of unidentified payment to ensure they are applied to appropriate accounts. If necessary, will contact the sender to clarify where the payment should be posted.
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Reconcile shortage on both paper and electronic EOBs to determine proper allowance and correct write off.
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Reconcile posted payments with corresponding bank deposits.
Qualifications
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18 years of age or older.
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Must be eligible to work in the United States and not require work authorization from us now or in the future.
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Bachelorβs degree required.
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Bookkeeping or accounting experience preferred.
Requirements
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Ability to communicate professionally and effectively; verbally and in writing in English.
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Ability to organize and prioritize work.
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Ability to work in a team environment as well as independently.
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Excellent attention to detail and commitment to accuracy.
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Flexibility and ability to maintain a positive demeanor.
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Must be able to maintain and utilize superior discretion in handling confidential information.
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Ability to interact with all levels of staff while maintaining an approachable and professional demeanor.
Competencies
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Analytical skills
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Attention to detail
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Communication
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Computer Skills
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Customer Service
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Ethics
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Organization Skills
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Productivity
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Results Driven
Work Environment & Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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While performing the duties of this job, the employee is regularly required to communicate and convey information with the appropriate parties.
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The job requires assuming a stationary position for long periods of time.
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This role routinely uses standard office equipment such as computers, phones, and printers/scanners.
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The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
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This job operates in a professional office environment.
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The noise level in the work environment is usually moderate to loud.