Are you an experienced financial professional with a keen eye for detail and a passion for accuracy? Join our esteemed Hospital Patient Financial Services (PFS) Department as a Cash Application Specialist (Full-time) and play a crucial role in ensuring the accurate and efficient application of cash and payments to patient accounts. This position offers a unique opportunity to contribute to the financial integrity of our hospital while supporting the well-being of our patients.
Key Responsibilities:
- Payment Posting: Accurately post various forms of payments, including checks, electronic funds transfers, credit card transactions, and insurance payments, to patient accounts within established timelines.
- Reconciliation: Conduct daily cash reconciliation to verify and balance payment transactions, ensuring all payments are accounted for and discrepancies are promptly addressed.
- Payment Verification: Review payment details and supporting documentation to validate the accuracy of posted payments, resolving any discrepancies or errors as necessary.
- Insurance Payments: Apply insurance payments received from different payers, such as Medicare, Medicaid, private insurance, and managed care plans, adhering to contractual terms and reimbursement rates.
- Denials and Underpayments: Collaborate with denial and underpayment management teams to investigate and resolve discrepancies, rejections, and payment variances.
- Credit Balances: Identify and address credit balances on patient accounts, processing appropriate refunds or adjustments in compliance with hospital policies and regulations.
- Record Keeping: Maintain meticulous and organized documentation of all cash application activities and ensure proper data entry into relevant systems.
- Communication: Interact with internal billing and collections teams to address payment-related inquiries, provide regular updates, and foster effective cross-departmental collaboration.
- Process Improvement: Continuously evaluate cash application processes and recommend improvements to enhance efficiency, accuracy, and overall revenue cycle performance.
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We provide competitive pay and value experience. Oneida Health Employees enjoy free parking and the hospital is centrally-located in Oneida next to shopping, food services, and entertainment. The following are just some of our best employee benefits:Â Â
- Generous Paid Time Off accruing day one
- 403 (b) matching up to 6%
- Free parking
- Employee Gym
- 20% Cafe Discount
- No Deductible Health Insurance, Flex Spending, Vision, Dental, Disability, and Life
- Generous Tuition ReimbursementÂ
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