Cash Applications Specialist
1 week ago
The Cash Applications Specialist will serve as administrative support in the back office of Traditions Health, working closely with the Director of Revenue Cycle Optimization. This role is responsible for ensuring the accurate and timely processing of daily cash receipts and reconciliations for home health or hospice payers. The successful candidate will have strong analytical skills, be organized and detail-oriented, and possess excellent communication skills.
Key Responsibilities:
Coordinate the routine office environment and ensure adequate two-way communication under the guidance of the Director of Revenue Cycle Optimization.
Report and monitor compliance of policies and procedures according to Traditions Health guidelines and Company policies.
Accurately and timely process daily cash receipts and reconciliations for home health or hospice payers (Government and non-government).
Review, reconcile, and communicate with the accounting team and other Operational partners regarding variances and payment posting questions.
Ensure updates are shared regarding the status of month-end close reconciliation to ensure Traditions Health has a timely month-end close for accounting/GL close.
Review and ensure accurate payment posting daily for the team and provide feedback.
Follows all procedures as outlined in Standard Operating Procedures (SOP).
Works within the policies as defined by Traditions Health.
Assist with Waystar/Availity access as needed for back-up
Ensure zero remits are pulled daily, reviewed and posted as needed, and correctly identified on the cash log
Assist with locating missing remits for posting and correspondence is processed daily.
Assist with identifying withholding details needed for posting which may not be on remittance advice
Ensure virtual credit cards are processed daily and transitioned to EFT and checks
Ensure manual checks that can be transitioned to EFT without fees are requested
Ensure monthly inquiries from the accounting team are researched/reconciled and responded to timely
Ensure monitoring, tracking, and reconciling the Medicare E3 withholding/recoupments to track the Hospice Cap
Monitor, track, and reconcile Medicare Audit/Denial payments/recoupments for accounting to ensure CMS compliance with balances and refunds.
Ensure legacy bank account deposits are transitioned to new bank accounts and EFTs requested
Provide excellent customer service to team members and other departments.
Demonstrate commitment, professional growth, and competency.
Understands and exhibits Traditions Health Care's Mission Statement and Core Values.
Provide computer support and data entry for assigned branches
Ensure medical records requests are processed in a timely manner.
Assist with developing and documenting Standard Operating Procedures/Quick Reference Guide/ Training and Audit Checklists.
Perform other duties/projects as assigned.
Requirements:
Associate or Bachelor's degree preferred
2 years or more in a healthcare analyst or accounting role; Prior healthcare cash reconciliation experience preferred
Must be organized, detail-oriented, accurate, and possess effective communication skills.
Must be capable of prioritizing and handling multiple tasks of critical importance and function well under deadlines.
Must possess strong analytical skills and be results-oriented
Understand basic accounting principles and best practices
Must have self-initiative and be a team player
Proficient with Microsoft Excel with knowledge of V-lookups, pivot tables, and formulas
Possess knowledge of payment posting terms for healthcare
Complies with all internal/external Cash Management Controls
Support the development of best practices for effective Cash Management and assist with documentation of Cash Application Analyst job functions
Must provide excellent customer service to internal/external customers and maintain professionalism.
Knowledge of the EMR Home Care Home Base is strongly desired.
Knowledge of Waystar and Availity preferred.
Must maintain the privacy and confidentiality of all staff and clients in line with HIPAA standards.
Reliable transportation. Valid and current auto insurance.
Travel: 10%
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