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Cash Application Specialist- Accounting

Company: Bay Cove Human Services
Location: Framingham
Posted on: June 17, 2022

Job Description:

Rate: $22.60Reports To: 3rd Party Team LeaderJob Summary: Our mission is to provide high-quality services to children and adults who face the lifelong challenges of mental illness, drug/alcohol dependency, and developmental disabilities. The Third Party Analyst supports this mission by the daily administration of third party billing and accounts receivable.Supervisory Responsibilities: -NoneResponsibilities: -Collections Activities -Oversee payment management including all cash application (Third party and Dynamics on an as needed basis). -Distribute cash received from payers within 3 business days of bank deposit. -Notify Director of A/R of rate changes at the conclusion of cash application, if applicable. -Maintain an excel spreadsheet each month with a listing of each deposit for third party and amounts to reconcile with the monthly bank statement. -Initiate printing of paper bills for 3rd party billing. Initiate printing of data for appeals and corrective billing. -Responsible for ensuring that all cash received for 3rd Party programs is entered into the Hill billing system prior to month end close. -Consistently communicate cash issues to Director of A/R, to ensure that these issues are addressed and resolved in a timely manner -Upon request of Director of A/R, initiate information for appeal/corrective billing within all designated timeframesOther Tasks -Reconcile revenue entered into Dynamics against Financial Income Statement on a monthly basis. -Reconcile Dynamics accounts on a monthly basis to confirm accurate balances. -Develop and maintain procedures and best practices to ensure compliance with federal and state regulations and payer requirements -Maintain the confidentiality of client information according to HIPAA regulations -Complete special projects as necessary and other relevant duties as assignedRequirements: -Minimum of three years experience in relevant third party operations functions required -Proficiency in MS Excel and computer literacy; ability to learn new software quickly -Proficiency in Hill A/R Plus or similar software preferred -Highly developed organizational skills and ability to meet deadlines in a fast-paced work environment -Demonstrated ability to work effectively and collaboratively with a diverse population of colleagues, program staff, and payers -Demonstrated ability to work both independently and within a team -Professional documentation and communication skills -Ability to be flexible, open, and responsive to ongoing industry changes -Ability to identify opportunities and obstacles and develop effective, creative responses to both problem-solving and the pursuit of new opportunities -Commitment to excellent performance and willingness to follow through on all reasonable means to complete assigned functions in the most timely and accurate fashion possible -Ability to attend meetings at various locations within and without Bay Cove -An acceptable CORI (criminal record assessment)

Keywords: Bay Cove Human Services, Framingham , Cash Application Specialist- Accounting, Accounting, Auditing , Framingham, Massachusetts

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