Job Details
Description
Responsible for processing electronic and manual remittance transactions, posting complex payment and contractual adjustments to patient accounts. This position is also responsible for reconciling cash transactions, third party remittances and credit/debit card payments. Includes but is not limited to reconciling electronic remittance files and works with billing and collections representatives to resolve posting issues. The Cash Poster identifies and allocates all payments and ensures that all cash is posted and distributed accurately and within required time frames under conformity to the applicable internal controls and compliance requirements.
Essential Responsibilities:
- Accurately & timely posts all cash, checks, credit cards and electronically transferred funds to patient’s accounts.
- Balances to daily batch deposits
- Assist in the month-end closing by ensuring all appropriate information is posted to the A/R within the allotted time frame.
- Month-End Reports Daily Cash Receipts Daily Cash Journal
- Researches unidentified payments for proper posting or return to the payer
- Completes required number of transactions per day/week/month based on performance guidelines
- Works in an efficient and cohesive group environment
- Supports group and management efforts
- Be willing to cross-train and fill-in in other areas within the department
- Supports and actively participates in initiatives designed to improve individual and organizational performance
Education and/or Experience:
- High School Diploma or equivalent; college preferred
- 1-3 years work experience in similar or related position or other office environment
- The understanding of insurance payments and of an EOB/ERA is required.
- The understanding of RARC and CARC codes for appropriate posting and distribution of payments and patient responsibility is required.
- Excellent written and verbal communication skills