[Hiring] Cash Specialist II @Community Health Systems Professional Services Corporation

Role Description

The Cash Specialist II is responsible for processing, reconciling, and balancing cash transactions to ensure accurate posting of payments and adjustments. This role involves:

• Analyzing payer reimbursements and resolving discrepancies
• Maintaining compliance with company policies and regulatory requirements
• Reviewing health insurance payments and managing fund transfers
• Ensuring accuracy in patient account transactions
• Supporting process improvements in financial operations

Essential Functions include:

• Receiving, reviewing, and prepping batches for daily posting, ensuring transactions are accurate and correctly applied
• Posting insurance and non-insurance payments, including resolving edits, manually matching invoices, and balancing payment files against checks or electronic funds transfers (EFTs)
• Verifying and logging all fund transfers, lockbox deposits, and over-the-counter payments, ensuring proper reconciliation
• Resolving discrepancies and balancing daily postings, submitting necessary variances for corrections and ensuring timely completion
• Analyzing payer reimbursements, comparing payments received against contract fee schedules to confirm appropriate adjustments and determine patient responsibility when applicable
• Processing and posting debit entries for approved refunds, ensuring compliance with company policies and financial guidelines
• Researching and transferring unidentified payments, applying established procedures to allocate funds correctly
• Ensuring account balances are accurate, reviewing posted transactions and preparing batches for scanning into document imaging systems
• Maintaining compliance with hospital policies, procedures, and regulatory requirements, ensuring adherence to HIPAA guidelines and financial controls
• Performing other duties as assigned
• Maintaining regular and reliable attendance
• Complying with all policies and standards

Qualifications

• H.S. Diploma or GED required
• Associate Degree in Accounting, Finance, Business Administration, or a related field preferred
• 2-4 years of experience in cash posting, accounts receivable, banking, or payment processing required
• Experience with healthcare revenue cycle, insurance reimbursement, or financial operations preferred

Requirements

• Strong understanding of cash reconciliation, payment posting, and financial transaction balancing
• Experience with insurance remittance, contractual adjustments, and refund processing
• Proficiency in Microsoft Excel, financial reconciliation tools, and cash management software
• Ability to analyze and resolve discrepancies in financial transactions
• Excellent attention to detail, organizational skills, and ability to work under deadlines
• Strong verbal and written communication skills, with the ability to interact with finance teams, payers, and internal departments
• Knowledge of HIPAA and financial security regulations related to payment transactions and patient accounts

Benefits

• Comprehensive Health Coverage – Medical, dental, and vision plans to keep you and your family healthy
• Future Security: 401(k) with matching
• Student Loan Support – Up to $10,000 repayment assistance, because we invest in your future
• Educational Tuition Assistance
• Competitive Pay & Full Benefits – A salary and package designed to reward your expertise and dedication
• Paid Time Off