Cash Posting Specialist

Job Summary:

The Cash Posting Specialist is responsible for accurately posting and reconciling all incoming payments, including electronic and manual transactions, to ensure financial accuracy and efficiency. This role requires a high level of attention to detail, problem-solving skills, and the ability to work collaboratively with other departments to resolve discrepancies.

Key Responsibilities:

• Accurately post payments, adjustments, and denials from insurance companies, patients, and other third-party payers.
• Reconcile daily deposits and ensure proper allocation of funds.
• Research and resolve unapplied or misapplied payments in a timely manner.
• Work closely with the accounts receivable and billing teams to ensure payment accuracy.
• Identify and report discrepancies, trends, or payment issues to management.
• Process refunds and adjustments as needed.
• Maintain accurate and up-to-date documentation of cash posting activities.
• Ensure compliance with company policies and industry regulations.
• Assist in month-end closing procedures related to cash posting.
• Support audit requests by providing necessary payment records and documentation.

• Health, dental, and vision insurance.
• 401(k) with company match.
• Paid time off and holidays.
• Professional development opportunities.

Qualifications & Skills:

• High school diploma or equivalent (Associate’s or Bachelor’s degree in Accounting, Finance, or a related field preferred).
• Minimum of 1 years of experience in cash posting, accounts receivable, or medical billing.
• Strong understanding of payment processing and reconciliation.
• Proficiency in Microsoft Office Suite (Excel, Word) and experience with billing software or ERP systems.
• Excellent analytical and problem-solving skills.
• High level of accuracy and attention to detail.
• Ability to work independently and as part of a team.
• Strong communication and organizational skills.

Preferred Qualifications:

• Experience in the healthcare industry, particularly in medical cash posting.
• Knowledge of insurance claim processes and medical billing terminology.
• Familiarity with HIPAA regulations and compliance standards.