The Cash Posting Specialist is responsible to ensure that all aspects of manual and electronic payments are accurately applied and reconciled within a timely manner.Duties and Responsibilities:
- Payment posting manual/Electronic (ERA’s) patient and insurance payments, adjustments, and/or denials
- Locate remittances & payments in various portals &/or clearinghouse
- Read and interpret EOB’s
- Apply copay/coinsurance and deductible balances to patient responsibility
- Review of patient account balances as needed to determine posting accuracy
- Perform payment deposit downloads and bank reconciliations
- Daily cash reconciliation and reporting
- Research and resolve unapplied accounts
- Flexibility to cross train/assist with training/cover for other team members and/or with other projects as needed
- Identify and report on trends/issues
- Prepare, reconcile and complete the local bank deposits for mail patient/insurance/accounting payments & other hospital/clinic departments (does not apply to home-based candidates)
- Maintain/reconcile petty cash funds, process point of service patient payments (does not apply to home-based candidates)
- Post monthly agency payment reports
- Work to resolve unidentified deposits
- Work posting issue work queues
- Other duties as assigned
KNOWLEDGE, SKILLS, AND ABILITIES:
- 10 key calculator skills preferred
- Ability to read, speak, and write fluent English
- Data entry experience
- Familiarity with computers (MS/Excel applications). Basic to intermediate Excel skills preferred
- Requires developed communication skills to effectively work with all levels of management, peers and clients.
- Possesses excellent written and verbal communications.
- Ability to work as a team member, creating and maintaining effective working relationships.
- Must adapt and demonstrate the ability to work independently in a quiet, dedicated workspace from home in a fast-paced, changing and goal-oriented environment
- Mut be detail oriented, a strong multi-tasker, resourceful and possess the ability to apply critical thinking skills to make good and independent decisions.
- Candidate must exhibit excellent time management organizational skills
Top Skills
What We Do
Headquartered in Brentwood, Tenn., Ovation Healthcare is partnered with 375+ clients in 47 states from critical access hospitals to large health systems. For 45 years, Ovation Healthcare has supported nonprofit, independent healthcare through a portfolio of shared services – Octave Advisory Services, Elevate Supply and Expense Management Solutions, Amplify Revenue Cycle Management, Tempo Technology Services, Cadence Clinical Services – designed to provide scale and efficiency to hospital business operations.
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