Physician Billing Cash Management Specialist
3 weeks ago
A Physician Billing Cash Management Specialist is responsible for ensuring the accurate and timely processing of payments and cash management activities for Hackensack Meridian Health. This role requires strong analytical and communication skills to resolve payment-related inquiries and ensure compliance with financial regulations.
About Hackensack Meridian HealthAt Hackensack Meridian Health, we are committed to delivering exceptional patient care and advancing our mission to transform healthcare. Our team members are the heart of what makes us better, and we offer a supportive and collaborative work environment that fosters growth and development.
Key Responsibilities- Process and reconcile bank deposits, ensuring accurate and timely posting of remittance and payment files.
- Communicate with payers and clearinghouses to resolve missing remittance issues and escalate errors to the appropriate entities.
- Monitor and trend exceptions to core business functions, reviewing errors on electronic remittance advice files and communicating with the payer to resolve undistributed balances.
- Prepare cash reports for management and finance, including general ledger journals for deposits.
- Act as a liaison between departments, including finance, access, patient financial services, and internal IT, on remittance-related queries.
- Oversee all aspects of cash management, identifying issues and recommending process enhancements for quality improvement.
- Assist in training and education of support staff and review remittance advice or explanation of benefits received from the lockbox correspondence or agencies.
- Associate's degree or equivalent experience.
- Minimum of 2 or more years of experience in physician billing, remittance processing, and/or a customer service-oriented position.
- Good accounting skills with emphasis on reconciliation and excellent data entry skills.
- Excellent written and verbal communication skills and proficiency in Microsoft Office and/or Google Suite platforms.
$60,000 - $80,000 per year, depending on experience.
About Our NetworkHackensack Meridian Health is a Mandatory Influenza Vaccination Facility. We offer a competitive benefits package, including health insurance, retirement plans, and paid time off.
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