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Role Description

The Cash Applications Specialist is responsible for the daily preparation and posting of receipts, balancing payments, and running of daily reports.

• Prepares lock boxes and posts payments from EOBs received the prior day, meeting daily quota outlines with minimal errors.
• Runs daily balancing reports and reviews/corrects discrepancies prior to day close procedures.
• Maintains daily close schedule as coordinated by supervisor.
• Works offset and clearing accounts in a timely manner to eliminate balances in these transition accounts.
• Understands and refers to managed care profiles, AWP grids, and other tools necessary to determine proper insurance payment.
• Advises supervisor of any insurance issues as they are identified on EOBs that need immediate attention.
• Works up and posts Zero Pay EOBs daily, as included in the lock box for proper distribution to other teams.
• Operates electronic posting downloads along with manual postings daily.
• Makes appropriate system comments related to postings/EOBs remittances.
• Maintains a general understanding of HCPCS/ICD/CPT oncology coding and carrier requirements knowledge.
• Additional responsibilities may be assigned to help drive our mission of improving the lives of everyone living with cancer.

Qualifications

• High School diploma or equivalent required.
• 1-2 years of experience in direct related role.
• Cash posting experience in a medical setting.

Requirements

• Attendance is an essential job function.
• Alpha Numeric data entry experience with speed and accuracy required.
• Ability to efficiently and effectively work in a production environment.
• Proficient in the use of end-user computer applications regarding productivity (MS Word, Excel, Outlook), database and patient billing and other medical information systems.
• Ability to operate various types of office equipment.
• Ability to work effectively with all levels of management and other colleagues, demonstrating initiative and mature judgment.
• Excellent customer service skills.
• Effective verbal and written communications, including active listening skills and skills in presenting findings and recommendations.
• Careful attention to detail.
• Keen problem-solving skills.
• Must possess high degree of professionalism and adaptability.
• Knowledge of medical billing, HCPCS, CPT and ICD codes.
• Scanning experience.

Company Description