What are the responsibilities and job description for the Cash Application Specialist position at Arkana Laboratories?
Job Description
Job Description
Who we are : At Arkana Laboratories, everyone has an important role to fill. Come join us and be a part of a team dedicated to making life better for those who need it most.
This place is packed with super-smart people who do their best work together. We work hard every day to advance our understanding of disease and provide world-class care to our patients in hopes of leaving our corner of the world a little better than we found it. While we are committed to improving the lives of thousands of patients, we never lose sight of the realization that they are the reason we get to create change in our field.
Built on generosity, teamwork, and the freedom to try new things, we take great pride in our work. Great ideas come from everywhere in this company and we celebrate each success and failure for the opportunity it gives us to keep reaching. For more than twenty years after our founder, Dr. Patrick Walker, wrote his goals on the back of a napkin, our people, culture, and values have remained strong.
About the position : The Cash Application Specialist is responsible for the timely and accurate application of payments and adjustments to all patient, client, and insurance account from multiple sources.
What you'll do :
- Retrieve payment data from bank accounts and credit card terminals for previous business day
- Reconciliation of daily deposits to cash postings in billing software
- Download EOBs from all sources into billing software(s) to maintain accurate and current account status
- Identify and analyze all payments not automatically posted to accounts receivable
- Research and process credit card transactions timely and accurately
- Process client payment updates and account maintenance
- Address payment issues and other discrepancies
- Update account and distribute to responsible party
- Update reconciliation between billing software(s) and accounting software
- Organize and store payment remittances and details for reference and audits
- Assess duties and tasks and update / improve processes and procedures as needed
- Supply trend data on timing of payments and sources to assist with Cash Flow Forecast
- Timely completion of all assigned work queues in the billing system
- Other Duties as assigned
You should have :
Education : Minimum of high school diploma.
Experience : Two years of experience in healthcare or insurance billing or related field.
Computer Skills : Proficient with various software applications (Outlook, Excel, Word), computer systems, web-based applications, and third-party portals. Must possess computer keyboarding skills including ten-key.
What we offer : We know that health is more than doctor visits and life is more than work. We work hard at Arkana but in turn provide competitive salaries and generous benefit offerings.
Specifically, we offer the following benefits to full-time employees :
Please see Careers for further information.
