Cash Posting Specialist II - Cash Management - Days

Manages the posting and reconciliation of all third party, insurance payments, and adjustments to the appropriate patient encounters, non-patient cash, and miscellaneous cash.

• Posts appropriate insurance adjustments to patient accounts.
  
  
  
  • Posts insurance payments/adjustments manually, electronic remittance, commercial lockbox, and insurance credit card.
  
  
  • Posts zero payments from insurance companies; applies insurance to patient accounts when needed.
  
  
  • Posts any zero payments with an appropriate ANSI denial code for insurance follow-up.
  
  
  • Runs payment transaction detail to ensure balanced deposit.
  
  
  • Appropriately assign correct General Ledger account to non AR cash while recognizing credits and debits.
  
  
  • Prepares and scans all manual checks, Electronic Remittance Advice (ERA), commercial lockbox, insurance credit card deposits, and EOB's to the document management software.
  
  


• Utilizes payer websites to retrieve EOB's.
  
  
  
  • Accesses appropriate websites to retrieve EOB's for insurance credit card deposits.
  
  
  • Contacts insurance payers for out-of-balance EOB's, write-off recoveries, and retractions of payments.
  
  
  • Balances electronic remittances between Electronic Remittance Advice management software and hospital Accounts Receivable (AR) software.
  
  


• Manages general AR cash postings and General ledger account.
  
  
  
  • Runs spreadsheet reports for outstanding items for Accounting.
  
  
  • Collaborates with Accounting Department for month-end and fiscal year-end closing.
  
  

Education:

• High School or GED

Experience:

• 2 years in insurance payment posting, insurance billing, or insurance collections in a healthcare or business setting

Skills:

• Excellent mathematical skills


• Advanced skills in processing hospital insurance processes