Supervisor of Payment Posting and Reimbursements - Fulltime-Days
Cape Fear Valley Health · Fayetteville, NC · 2 wk ago
AccountingFull-time
Summary
Supervise and monitor all cash applications. Develop and implement procedures to improve efficiency of payment posting, refunds and adjustments. Oversee refund processing. Perform month-end balancing.
Major Job Functions
- Supervise and train payment posting specialist, refund specialist, cash applications specialist and receptionist to include the completion of performance appraisals
- Develop, implement and maintain innovative procedures for processing payments and refunds to improve production
- Oversee the processing of refunds to include verification of credit and documentation attached
- Keep abreast of current insurance contracts and troubleshoots problems that arise with incorrect reimbursement
- Maintain and oversee deposits, vouchers, and EOBs in accordance with procedures established by the department
- Ensure compliance with Federal regulations for maximum reimbursement
- Ensure quality control by monitoring daily operations and employee performance
- Responsible for the reconciliation of deposits and month-end balancing
- Review vouchers periodically to ensure that correct payments are being received from carriers and hold meetings to review denials and rejections
Minimum Qualifications
- High school diploma or equivalent required
- Bachelor's degree in Business Administration preferred
- 3 years’ experience in payment posting/management or supervisory experience required
Knowledge, Skills, And Abilities Required
- Proficiency in reading, writing, and speaking the English language
- Knowledge of computer functions
- Knowledge of medical terminology
- Ability to read and interpret EOB's and vouchers
- Knowledge of CPT-4 and ICD-9 coding
- PC and CRT experience
- Leadership qualities and organizational skills
- Good written and oral communication skills
- Ability to train personnel, directs implementation of policies and procedures, and establish and maintain effective relationships with necessary agencies
Physical Requirements
- Numerical ability required
- Motor coordination and finger dexterity to operate calculator, computer terminal, and typewriter
- Talking and hearing to give information by phone