What are the responsibilities and job description for the Cash Applications/Reimbursement Specialist position at MedStar Medical Group?
General Summary of Position
MedStar Health Patient Accounting currently has opportunity for a Cash Applications / Reimbursement Specialist to join our team.
We are specifically looking for candidates who have experience with healthcare cash posting, account reconciliation and the ability to read & interpret an Explanation of Benefits as well as familiarity with bank lockboxes and proficient skills in Excel.
More About the Cash Applications Team : The Cash Applications Team is responsible for the manual posting of payments received through the Cashpro lockbox process, live checks and credit cards and for the electronic posting of payments which are transmitted directly to the system and require minimal manual intervention. The department also downloads EFTs from Aurora, MedAssets and AdvancedMD to post electronic payments for the 10 MedStar Health hospitals and all Ambulatory sites.
Job Summary : Receives, reviews, and posts batches of payments, electronically or manually, for MedStar Health entities, ensuring accuracy in the posting of the receipts, payments and contractual allowances. Payments must be processed within department set standards from time of deposit.
Primary Duties and Responsibilities
- Accesses the Cash Pro system daily to create lockbox balancing reports and to access images to post payments. Associates are required to access either Cash Pro, AdvancedMD or McKesson in order to process all payment, adjustment or discounts to be posted in a paperless environment, using dual monitors to post screen to screen. Associates are responsible to review, and post all batches daily and to verify totals against system generated reports, and investigate all discrepancies to resolution. Creates and maintains Bank of America lockbox daily reports in excel, labeling and completely within the department standards.
- Attends training sessions and workshops offered, to include but not limited to, CRCS-I training, bulletin review, etc. Attends and successfully completes required Continuing Education Units (CEU) for the PFS Training Program. Completes annual mandatory training (SITEL) within defined time frame.
- Maintains daily performance benchmark standard as set forth by the department standards and policies and procedures for the Cash Applications Department.
- Maintains departmental QA standards within established error rate.
- Meets team specific benchmarks as it applies to payment Issues, unapplied and historical Accounts, daily balancing, correspondence, and 93 / 94 transfer request. Indexing all images received from Bank of America Lockbox Services to the appropriate document type and to the day folder. Ensures quality control reviews are conducted daily on all images being indexed to the day folder.
Minimum Qualifications
Education
High School Diploma or GED equivalent required
Experience
Knowledge, Skills, and Abilities
This position has a hiring range of $18.33 - $31.61
Salary : $18 - $32
