What are the responsibilities and job description for the Cash Posting Specialist position at Meridian Behavioral Health?
Description
Job Purpose
Under the general supervision of the Revenue Cycle Integrity Manager, the Cash Posting Specialist is responsible for ensuring the timely and accurate posting of payments, denials, and adjustments. This role involves accurately posting Explanation of Benefits (EOB) payments from insurance companies, as well as processing patient payments via check or credit card, ensuring all transactions are correctly applied to patient accounts.
Duties and Responsibilities
The following responsibilities outline the primary functions of this position. Additional duties may be assigned as needed.
- Accurately post insurance payments from EOBs, ensuring proper allocation to corresponding line items, and apply adjustments, patient responsibility amounts, and Minnesota Care Tax as required.
- Identify and address underpayments and overpayments from insurance companies.
- Document denied charges for the collections department and communicate reimbursement concerns to Revenue Cycle Managers and / or Claims Analysts.
- Queue claims to secondary insurance providers as needed, including verifying patient insurance eligibility.
- Assist auditors during annual financial audits.
- Perform additional duties as assigned by the Director and / or Managers.
Qualifications
Required Skills, Knowledge, and Abilities
Physical Requirements
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
