Cash Applications Specialist

2 months ago

Houston, United States Baxter Full time

This is where you save and sustain lives

At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.

Baxter’s products and therapies are found in almost every hospital worldwide, in clinics, and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.

Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.

Join us at the intersection of saving and sustaining lives— where your purpose accelerates our mission.

Your role at Baxter

THIS IS WHERE you build trust to achieve results…

As a Cash Applications Specialist for our Bardy Diagnostic division, you will be responsible for posting third-party payments using correspondence from the payer. The position is responsible for ensuring that all transactions are recorded properly in the billing system and general ledger by posting and processing daily cash and receivables transactions via checks, ACH, electronic remittance files and lockbox files.

Your team

Bardy Diagnostics, Inc. (“BardyDx”) is an innovator in digital health and remote patient monitoring, with a focus on providing the most diagnostically accurate and patient-friendly cardiac and vital signs patch monitors in the industry.

We're a friendly, collaborative group of people who push each other to do better every day. We find outstanding strategies to close deals and expand our skills by challenging ourselves and others. Whether out in the field with a partner or solving challenges with your territory team, you always have camaraderie and support to help accomplish your goals.

What you'll be doing

  • Interpret, post, and validate payments and denials from third-party payers via correspondence or electronic batches
  • Reconcile applied checks to deposited amounts and research variances
  • Complete translation of electronic remittance advice files to link to payment and denial data claims in billing database software.
  • Maintain cash metric reports and reconcile against General Ledger
  • Correct or edit batches and/or electronic remittance files as assigned
  • Move payments as requested by A/R team members
  • Research accounts on a routine basis to ensure correct posting for unidentified payments
  • Collaborate with other departments to investigate missing payments
  • Reference reimbursement policies/procedures assigned to this role and keep current with changes in billing regulations, insurance-specific policies, as well as company and procedures
  • Identify any areas of opportunity for improved documentation or efficiency in daily work and communicate back to Revenue Cycle Supervisor for purpose of staff development and improved company performance.
  • Maintain daily, positive communication and collaboration with other departments
  • Perform other duties and projects as assigned.

What you'll bring

  • High school diploma or equivalent required
  • 2+ years of experience in a medical-related business environment required.
  • Billing database software experience required.
  • Clearinghouse, payer portal, and explanation of benefits experience preferred.
  • Knowledge of insurance industry and third-party payer processes.
  • Excellent data entry skills required.
  • Ability to organize and prioritize workload.
  • Strong attention to detail while balancing high-volume data entry.
  • Ability to work independently and manage workload.
  • Strong written, verbal, and interpersonal communications.
  • Proficiency in Microsoft Office software.

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission.

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $41,600 to $57,200 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based upon location, skills and expertise, experience, and other relevant factors. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.

For further information, and to apply, please visit our website via the “Apply” button below.

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