What are the responsibilities and job description for the Payment Posting/Cash Reconciliation Specialist position at Hamilton Medical Center Inc?
JOB SUMMARY
Under the direct supervision of the Lead, Cash/Remittance Posting Specialist, the Cash/Remittance Posting Specialist (CRSP) is responsible for payment posting manual/electronic (ERAs) patient and insurance payments, adjustments, and/or denials. The Cash/Remittance Posting Specialist will locate remittances and payments in various payer portals. The individual should have the ability to read and interpret payer Explanation of Benefits. The CRSP is responsible for review of patient account balances as needed to determine posting accuracy. They are responsible for performing payment and bank reconciliations, daily cash reconciliation and reporting. The CRSP is responsible for research and resolving unapplied account balances. Responsible for the Preparation, reconciliation and completion the local bank deposits for insurance/accounting payment and other hospital/clinic departments. Responsible for posting monthly agency Bad Debt agency payments. Responsible for reconciling daily cash intake from other departments, such as Cafeteria, Gift Shop, etc. Works with hospital and physician clinics to reconcile, balance and deposit daily cash/credit intake. Works with the Finance department to ensure that all departments, clinics, banking facilities, etc. are reconciled and balanced.
JOB QUALIFICATIONS
Education: Completion of a high school diploma required. College level courses preferred.
Licensure: None
Experience: Previous work experience in a position requiring balancing and reconciliation of accounts. Prefer 2 or more years cashiering experience, including knowledge of insurance payment methods and remittance advice processing with the ability to recognize appropriate adjustment/discount amounts is necessary.
Skills: Ability to work independently in a fast-paced, changing and goal-oriented environment. Must be detail oriented, organized, and a strong multi-tasker. Ability to apply critical thinking skills to make wise and independent decisions. Ability to analyze and evaluate different payment situations. Ability to prioritize the workload and meet deadlines. Attention to detail, initiative and judgment involved in classifying financial data appropriately and maintaining flow of work. Work must be completed very rapidly and accurately. Intermediate knowledge of Microsoft Outlook, Word. Proficient in Excel for daily balancing. Must be able to demonstrate competence in basic math concepts.
