Cash Application Specialist
3 weeks ago
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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