Cash Applications Specialist

Administrative Spraks, Maryland


Description

Classification: Non-Exempt
Reports to: Revenue Cycle Manager
Date: February 2024
 
 
Summary/Overview
Healing Partners is a rapidly growing wound care management company based in the Mid-Atlantic region currently hiring a Cash Applications Specialist. Reporting directly to the Revenue Cycle Manager, the Cash Applications Specialist will assist with revenue and billing operations within their scope.
 
 
Primary Duties and Responsibilities
· Post deposits and other transactions associated with remittance advice from payers.
· Review credit balances for possible distribution to other debit balances.
· Ensure all validated Government payer refunds are processed in a timely manner or within the payer guidelines.
· Ensure that proper documentation is attached to all refund requests.
· Ensure all incoming refund requests are processed in a timely manner.
· Reconcile refund postings.
· Validate payment posting to deposit register.
· Notify the Revenue Cycle Manager of any trends identified in workflows that are creating credit balances.
· Identify areas for improvement, recommend solutions and assist in developing workflow efficiencies.
 
 
 
 
Education & Experience
· High School Diploma or equivalent
· 1 year of healthcare payment posting and refund experience
 
 
Qualifications
· Knowledge of Medicare, Medicaid and Managed Care billing and reimbursement guidelines
· Detail oriented, problem solver/analytical, flexible and self-motivated
· Proficiency with Microsoft (Outlook, Office Word, and Excel)
· Organized, ability to multi-task in a fast-paced environment
· Works well independently and in a team setting
· Ability to type 45+ words per minute