Cash Management Specialist
3 weeks ago
Job Summary
The Cash Management Specialist will provide operational support within the Hospital's Cash Posting and Account Management Department. This role will support day-to-day business functions, including cash posting, payment processing, remittance follow-up and investigation, payment reconciliation, and financial reporting.
Key Responsibilities
- Preparing and accurately completing the breakdown of daily cash deposit, revenue classification, and cash reporting for the hospital.
- Preparing manual payment posting files for staff.
- Investigating and following-up on payment discrepancies with bank.
- Accurately tracking and reconciling payments posted to control accounts.
- Reviewing staff postings to ensure accuracy and timeliness.
- Acting as liaison between Southampton and Eastern Long Island hospitals.
- Identifying opportunities to convert manual posting into electronic remittances.
- Identifying issues and patterns with payments from insurance companies and follow-up on missing EOBs.
- Communicating with various levels of staff and management inside and outside of the organization.
- Proficiency with the creation and manipulation of spreadsheets and data transformation.
Qualifications
- 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 but not limited to 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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