Cash Application Specialist

3 weeks ago


Taunton, United States Robert Half Full time
Job DescriptionJob DescriptionWe are in search of a diligent Cash Application Specialist to join our team located in Taunton, Massachusetts. This role offers a contract to permanent employment opportunity, where you will be involved in handling customer applications, maintaining precise customer records, and resolving customer inquiries. Additionally, you will oversee customer accounts and execute suitable actions.

Responsibilities:

• Accurately post payments and denials on patient accounts while ensuring a proper reconciliation of transactions.
• Collaborate with insurance payers to verify the receipt of correct rates and the accuracy of billing.
• Generate reports on account statuses and identify any discrepancies or issues that need attention.
• Maintain and update all fee schedules in the billing system to reflect current rates.
• Stay informed and updated on all HCPC codes relevant to the mental health programs offered.
• Work closely with the billing and reception staff to ensure a smooth financial workflow.
• Process month-end reports on outstanding revenue to aid in financial tracking and decision-making.
• Read and interpret remittance reports as part of the role.• Proficiency in Accounts Receivable (AR) processes and systems.
• Minimum of a Bachelor's Degree in Finance, Accounting, or a related field.
• Proven experience in a similar role dealing with cash applications.
• Strong understanding of accounting principles and financial transactions.
• Ability to handle confidential information with discretion.
• Excellent attention to detail and accuracy in data entry.
• Strong analytical skills to identify, assess and resolve discrepancies.
• Proficient in the use of financial software and Microsoft Office Suite.
• Excellent communication skills to liaise with customers and internal teams.
• Ability to work under pressure and meet tight deadlines.
• Solid organizational skills to manage multiple tasks simultaneously.
• Demonstrated ability to work independently as well as part of a team.
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