Cash Application Specialist

Position Summary

This position maintains the integrity of cash and A/R transactions to ensure maximum efficiency and accuracy of accounts receivable balances. This position inputs payment and adjustment data into patient accounts, processes electronic 835 files, and ensures that work is in compliance with all cash related procedures and financial control policies set by the finance department.

Responsibilities

• Post all daily 835 files and manual lockbox payments for PCMG and Phoenix Children's.
• Posts all 835 electronic payment transactions, balances every 835 to the ERA and the deposited check total, and reconciles any recoupments and/or forward balances included within the ERA.
• Manually posts any lockbox insurance or patient payments received.
• Posts and audits all non-cash transactions either via 835 or manually.
• Processes and applies all non-cash transactions, A/R adjustments, denials, write-offs, and refunds.
• Ensures all CARC and RARC codes post and adjust correctly by conducting a thorough audit of the ERA.
• Makes corrections to the 835 batch based on audit results.
• Reports payer trends such as incorrect CARC/RARC codes and claims adjusting 100% of charge to leadership for review and follow-up with the payer.
• Performs miscellaneous job related duties as requested.

Qualifications

• High school diploma or GED (required).
• Some college coursework (preferred).
• Two (2) years cash posting within a hospital or other healthcare setting (required).
• Experience posting 835 files and balancing recoupments and forward balance remits (required).
• Typing/Data entry skills 55 wpm (required).

Physical Requirements

• Sitting – Constantly
• Near Vision – Constantly
• Use of keyboard, mouse and/or computer equipment – Constantly
• Lift up to 35 pounds without assistance – Occasionally
• Inside office environment – Applicable