Cash Posting Specialist II-Cash Management-Days-FT

Memorial Hospital at Gulfport • Biloxi, MS

1d

About The Position

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

Requirements

• High School or GED
• 2 years experience in insurance payment posting, insurance billing, or insurance collections in a healthcare or business setting
• Excellent mathematical skills
• Advanced skills in processing hospital insurance processes

Nice To Haves

• 5 years experience in insurance payment posting, cash handling, bank deposit reconciliation, insurance billing, or collections

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED