Financial Services Specialist

5 days ago

New York, New York, United States The Educational Alliance Inc. Full time

**Job Summary:**

We are seeking a skilled Financial Services Specialist to join our team at The Educational Alliance Inc. in New York City, Lower East Side. As a Medicaid Accounts Receivable Specialist, you will play a critical role in analyzing and reporting on Medicaid revenue, reconciling cash received and open accounts receivables.

**About Us:**

The Educational Alliance Inc. is a vibrant and dynamic organization serving New Yorkers from all walks of life. We believe that everyone should have a chance to live a better life, and we achieve this through arts and culture, education, health and wellness, and social services.

**Key Responsibilities and Accountabilities:

  • Work with Millin (outsourced Billing Management Provider) to create AR Reports on a monthly basis.
  • Ensure cash clearing account is monitored and analyzed.
  • Track claim adjustments and recoupments in Millin system by month and fiscal years.
  • Provide Finance with a report on a quarterly basis to determine what billable services have not been captured and reason.
  • Ensure cash is applied properly to open accounts receivable.
  • Track advances if applicable.
  • Track adjustments to determine proper revenue for the current fiscal year based on dates of services and prior fiscal year.
  • Track all rate adjustments to ensure billed and/or received.
  • Monthly Revenue Reconciliation
  • Work with AR Specialist to ensure proper cash is recorded.
  • Investigate denials with Medical Billing Manager.
  • Track NYS Medicaid Recoupments.
  • Interact with clinical staff to ensure completion and accuracy of records.

**Skills and Qualifications:**

To succeed in this role, you will need strong Excel skills, with an emphasis on formulas and data entry. You must also be able to work independently in a fast-paced environment and have excellent analytical and organizational skills. Additionally, a minimum of 2 years of experience in accounting or business administration is required, with a preference for candidates with a 4-year degree. Previous experience in Medicaid, Medicare, and private insurance billing is also essential.

**Benefits:**

We offer a competitive salary of **$75,000 per annum**, as well as a generous PTO policy, medical, dental & vision, pension plan, 403(b) retirement plans, and discounts to programs at The Educational Alliance Inc. Our employees also enjoy free gym membership to our Manny Cantor Center Gym & 14th St Y Gym, as well as tuition reimbursement and employee referral rewards.

**EEO Information:**

The Educational Alliance Inc. is committed to workplace diversity and inclusion. We are equal opportunity employers and do not discriminate in hiring or employment on the basis of race, color, religion, national origin, gender identity and expression, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.

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