Cash Specialist II
: Job Details :

Summary of Position: The Cash Specialist is responsible for accurate and timely posting of payments/remittance advices to patient accounts for a minimum of two different healthcare corporations. Accurately executes and balances all electronic and paper remittances posting jobs to patient accounts. Meets and exceeds the minimum productivity volume and standards of work as defined within the departmental policies and procedures. Primary Job Responsibilities: Mail Processing: Opens and sorts all incoming mail into deposits and correspondence. Sorts and batches checks and remittances and prepares deposit Insurance Payment Posting: Processes payments from patients and insurance companies on hand before month-end closing, and posts payments and appropriate adjustments to patients' accounts within 7 - 10 days from date of receipt with an accuracy rate of 98%. Reviews and researches all payments received for correct account numbers, late charges and secondary insurance; reviews contractual allowances on all Inpatient accounts and Outpatient accounts with balances over $500.00 to ensure insurance is paying per contractual agreement. Prepares copies of insurance payments for secondary billing and forwards to correct personnel, Maintains remittance and cash posted files, and provides copies to billing personnel for secondary billing or follow-up. Reviews batches for correct balances and identifies credit balances and posting errors; forwards to appropriate personnel. Accupost: Utilizes Emdeon's Accupost web-based posting application system for automated posting of payer modules. Reviews and researches all payments received for correct account numbers, late charges and secondary insurance; reviews contractual allowances on all Inpatient accounts and Outpatient accounts with balances over $500.00 to ensure insurance is paying per contractual agreement. Reviews batches for correct balances and identifies credit balances and posting errors; forwards to appropriate personnel. Information Systems and Reporting: Reads all updates from insurance companies and departmental and interdepartmental memorandums which impact cash posting. Maintains working knowledge of payment posting processes and procedures. Displays proficiency in the Meditech system including any updates or system enhancements. Has basic knowledge of Saratoga Hospital's proration adjustments and reasoning thereof. Has proficient working knowledge of payer-hospital contracts, understands expected reimbursement from fee schedule, to DRG rates, and/or APC/APG rates. Informs supervisor of all ongoing problems within the department, hospital or with insurance companies which affect cash posting. Clerical: Pulls EOBs needed for auditing purposes. Reviews and complete necessary follow-up on reminders and emails. Qualifications: High school diploma or GED, with experience using a computer for data entry in an office setting, or Associates degree. Strong math skills required. Bachelor's degree preferred. Salary Range: $17.25 - $27.45 Pay Grade: 17 Compensation may vary based upon, but not limited to: overall experience and qualifications, shift, and location.