Cash Receipts Specialist

The Cash Receipts Specialist is responsible for daily remit processing, reconciliation, and analysis of payment activity between the bank lockbox, daily deposits consisting of both manual checks and EFT transactions, ERA (insurance payer electronic remittance advices)transactions and files, and payment application system. The Cash Receipts Specialist acts as a liaison between the Billing department, financial reporting team, front end Registration, Patient Financial Services, and other departments regarding cash/payment related inquiries.

This is a fully remote position.

Essential Responsibilities:

• Receives, reviews and processes all cash, checks, credit cards and electronically transferred funds and ensures payments are accurately posted to patient’s accounts.
• Processes ERA’s (electronic remittance advices) received by various insurance carriers and ensures payments and contractual adjustments are posted correctly.
• Ensures account balances are prorated/reassigned to the correct “bucket” such as moving balances to patient liability after processing the payer payment when applicable.
• Ensures proper contractual adjustments, self-pay discounts, and other adjustments are posted properly further ensuring proper proration of balances by payer source.
• Ensures all transactions posted daily (both electronic posting and manual posting) are fully reconciled to the assigned inventory and/or full bank deposit. Ensures all variances are addressed and rectified after finalizing any posting batch. Populates the daily reconciliation file/worksheet accordingly.

Education and Experience:

• High School Diploma or equivalent; college preferred
• 1-3 years’ experience in cash handling, accounts receivable or a related role with at least 1 year of full experience in healthcare related cash posting activities.
• 1 year minimum experience in posting routines within a healthcare related EMR/Practice Management Platform.

What we offer you!

• Outstanding benefits including health, vision and dental packages, including HSA/FSA, Life and Disability Insurance
• 18 days of accrued PTO in addition to 11 paid holidays
• Fertility benefits / adoption assistance
• 401(k) Retirement Plan with generous company match
• Employee Assistance Program
• Continuing Education Reimbursement
• We provide a great, family work environment with internal growth opportunities