Cash Management Specialist

5 days ago


Stony Brook, New York, United States Stony Brook Medicine Full time
Job Summary

We are seeking a highly skilled Cash Management Specialist to join our team at Stony Brook Medicine. As a key member of our Cash Posting and Account Management Department, you will provide operational support and ensure the accuracy and timeliness of financial transactions.

Key Responsibilities
  • Prepare and accurately complete daily cash deposit breakdowns, revenue classification, and cash reporting for the hospital.
  • Prepare manual payment posting files for staff and investigate payment discrepancies with the bank.
  • Accurately track and reconcile payments posted to control accounts and review staff postings for accuracy and timeliness.
  • Act as a liaison between Southampton and Eastern Long Island hospitals and identify opportunities to convert manual posting into electronic remittances.
  • Identify issues and patterns with payments from insurance companies and follow up on missing EOBs.
  • Communicate effectively with various levels of staff and management inside and outside of the organization.
  • Proficiency with the creation and manipulation of spreadsheets and data transformation.
Requirements
  • Associate's Degree and at least 6 months' healthcare revenue cycle or cash management and reconciliation experience.
  • In lieu of a degree, at least 2 years of healthcare revenue cycle or cash management and reconciliation experience.
  • Excellent written and oral communication skills.
  • Proficiency with Microsoft Office.
Preferred Qualifications
  • Experience with cash management, including balancing, reviewing, reconciliation, and understanding insurance EOBs.
  • Knowledge of revenue cycle and/or business office procedures.
  • Experience with processing refunds for patients and insurance.
  • Experience in Insurance Verification.


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