What are the responsibilities and job description for the Revenue Cycle Cash Reconciliation Specialist position at Catalyst Medical Group LLC?
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.
- Minimum 1-3 years’ experience in medical office setting, multispecialty preferred.
- Ability to follow specific instructions and set procedures to transfer data into computer.
- Working knowledge of medical terminology.
- Knowledge of insurance guidelines.
- Must be able to sit and work at a computer for long periods of time.
- Ability to establish effective working relationships with coworkers.
- Education in healthcare administration or related field is a plus.
- Basic knowledge of medical billing and coding.
- Strong customer service experience, particularly in handling inquiries and resolving issues timely and professionally.
- Excellent communication skills, both verbal and written.
- Proficiency in office software and experience with Athena billing systems is advantageous.
- Ability to handle sensitive information with discretion and maintain confidentiality.
Catalyst Medical Group will provide equal opportunity employment to all employees and applicants for employment. No person shall be discriminated against in employment because of race, color, gender, age, national origin, ancestry, religion, physical or intellectual disability, marital status, parental status, sexual orientation or any other category protected by law.
