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Cash Applications Specialist

Company: HealthDrive Corporation
Location: Framingham
Posted on: May 3, 2021

Job Description:

Overview

The Cash Application Specialist is responsible for applying payments and processing rejections to charges as required. Additional responsibilities related to the entire Account Receivable process will fall under this role.

Conveniently located off Route 9, close to routes 90 and 495 in a spacious moderm office! Cafe and workout center available in the building! PPO Medical, Dental, and Vision plans available as well as a generous PTO policy.

Responsibilities

  • Manually posts non electronic patient and insurance payments on a daily basis in an accurate and timely manner
  • Imports remittances into Medicare Easy Print Program
  • Handles EDI (Electronic Data Interface) posting and downloads remit files for auto-posting into billing system
  • Resolve EDI edits that require manual intervention to process the payment
  • Identifies payment (short pay/overpay/no pay) trends and communicate to Supervisor
  • Resolves issues with coordination of benefits as needed in order to post payments
  • Resolve issues associated with cash posting by working in a customer service team oriented manner with both external and internal parties (patients, facilities, insurance companies, and other internal departments)
  • Distributes explanation of benefits (EOB's) with underpayments/denials/ secondary carrier balance to designated biller/AR rep for resolution.
  • Assists AR team with resolution of credit balances and processing of credit card refunds in billing system
  • Other duties and tasks may be assigned as needed to meet business needs

Qualifications

The individual should have exceptional attention to detail and the ability to post large volumes of payments accurately and in a timely manner. He/she should have excellent organizational skills and have the ability to work in a fast-paced environment, be comfortable and effective working with both custom and "off the shelf" computer applications. The individual must have good interpersonal skills and have the ability to effectively communicate verbally and in writing. Individual should have a strong work ethic with an exemplary attendance record and the ability to work effectively with minimal supervision. Candidate must be a team player who possesses the ability to work well independently and in a team oriented environment. Individual must have positive attitude and can easily adapts to change and can be counted on to get the job done in a timely, effective and efficient manner.

Prefer candidates with an Associate's Degree and/or equivalent healthcare reimbursement work experience. Minimum of 3-5 years' experience in 3rd party medical billing or collections; cash application experience is preferred. Candidate must have experience and knowledge of healthcare and medical terminology, including but not limited to: CPT, ICD9 /ICD10 codes and ASNI codes. Prefer candidate with experience at a large high volume multispecialty physician practice.

Keywords: HealthDrive Corporation, Framingham , Cash Applications Specialist, Other , Framingham, Massachusetts

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