Revenue Cycle Cash Reconciliation Specialist

Description

The Revenue Cycle Cash Reconciliation Specialist will play a crucial role in the financial aspect of patient care. This position involves cash reconciliation, the ability to determine where payments made to the facility have been deposited into the bank account, and correctly posting the funds within the appropriate system. The ability to determine if the payment was correct as well as making sure the remittance from the payer have been uploaded into the system. Opening cases with the EMR system and initiating corrections, as well as supporting the Financial and Revenue Cycle teams with administrative tasks. The ideal candidate will demonstrate strong interpersonal skills, attention to detail, a banking and financial reconciliation acumen and a basic understanding of medical billing procedures. They will exhibit great financial skills and be active team player to both external patients and internal coworkers.

General : Performance Expectations

• Responsible - works independently, in a safe and appropriate manner. Demonstrates both problem-solving and problem-prevention skills.
• Sensitive - displays sensitivity to the needs of patients and co-workers. Demonstrates good communications skills and empathy.
• Timely - recognizes time as a customer's most valuable resource and responds promptly to patients' and co-workers' needs.
• Accurate - works carefully and precisely, with attention to detail.
• Coordinated - organizes and delivers service in the proper order. Displays good organization skills and utilizes resources wisely.
• Thorough - meets all the requirements of his / her position. Is able to evaluate and follow up on his / her services.

Role Specific : Work role responsibilities

Role Specific : Work role responsibilities

Research and clear facility Unidentified Accounts. Complete Cash and Related Reconciliations according to established guidelines; forward to facility accounting or upload into computer electronic record system.

Billing Support - Research and resolve reconciliation variances; review Unmatched EFT Report.

Follow-up to ensure resolution for cash balance errors and bank reconciliation of daily deposits.

Resolve all payments with missing Explanation of Benefits (EOB).

Cash Handling and Reporting - Count and verify daily cash bags from various clinical departments and locations. Maintain accurate records of all transactions and assist with duties as assigned.

Research for posting errors.

Verify expected reimbursement and adjustment based upon the provided contract list.

Reconcile and correct any basic batch balance inconsistencies with accuracy and speed.

Requirements

Required - High school diploma / GED

Associate's in medical Billing and Coding, Accounting, Medical Business and Finance or other related degree. Degree can be substituted by experience.

Catalyst Medical Group will provide equal opportunity employment to all employees and applicants for employment. No personshall be discriminated against in employment because of race, color, gender, age, national origin, ancestry, religion, physical orintellectual disability, marital status, parental status, sexual orientation or any other category protected by law.

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