Cash Posting Specialist

About this role

Overview The Cash Posting Specialist works as part of a central Revenue Cycle team to process insurance payments and is responsible for reconciling deposits, posting payments and recoupments, and managing patient accounts. The Cash Posting Specialist ensures accurate posting of ANSI codes from remits to ensure proper work queue routing and required billing data elements to ensure an accurate accounting processed for payment and revenue reporting. Remote opportunity only extends to specific states. Responsibilities Essential Duties (at least 5 that are non-negotiable duties and are absolutely pertinent to successfully completing the job without accommodations): Primary Accountabilities: Prepare and post insurance payments via 835, includes resolving any errors. Hand Key remittances if 835 is unavailable or not applicable to payor. Register with all necessary payor portals and submit all required verification documents for access. Retrieve and post remittances from payor websites when remittance is not available. Verify and add coverage for any payments received on crossover payment not on the patient account. Post all payments accurately within 72 hours. Research unidentified payments and/or recoupments to determine appropriate resolution. Update and maintain cash management, logs and/or spreadsheets used for reconciliation. Process payments from insurances and prepares a daily deposit if needed. Prepare required accounts payable paperwork for insurance refunds. Post refund checks issued by accounts payable when necessary. Review of credit work queues to ensure accurate posting and validation of insurance credits or undistributed credits. Follow and report status of missing payments or remits both electronic and manual. Identify and report patterns and trends that indicate a potential issue. May assist in denials management as directed. Participate in educational activities and attends monthly staff meetings. Maintain strictest confidentiality; adheres to all HIPAA g

Skills

• Cash Posting Specialist
• Revenue Cycle Management
• Medical Billing
• Healthcare Administration
• Insurance Payment Processing