What are the responsibilities and job description for the Cash Management Specialist position at University Hospital (Stony Brook)?
Job Number: 2500809
Department/Hiring Area: Patient Accounting
Schedule: Full-time Shift: Day Shift Hours: 8:30am-5:00pm Pass Days: Sat, Sun
Schedule: Full-time
Salary: $$48,709 - $59,376 / year
Salary Grade: SL1
SBU Area: Stony Brook University Hospital
Position Summary
At Stony Brook Medicine the Cash Management Specialist will provide operational support within the Hospital's Cash Posting and Account Management Department. The position will support day-to-day business functions including, but not limited to: cash posting, payment processing, remittance follow-up and investigation, payment reconciliation and financial reporting.
Duties of a Cash Management Specialist may include the following, but are not limited to:
- Preparing and accurately completing the breakdown of daily cash deposit, revenue classification, and cash reporting for the hospital.
- Preparing manual payment posting files for staff.
- Investigating and following-up on payment discrepancies with bank.
- Accurately tracking and reconciling payments posted to control accounts.
- Reviewing staff postings to ensure accuracy and timeliness.
- Acting as liaise between Southampton and Eastern Long Island hospitals.
- Identifying opportunities to convert manual posting into electronic remittances.
- Identifying issues and patterns with payments from insurance companies and follow-up on missing EOBs.
- Communicating with various levels of staff and management inside and outside of the organization.
- Proficiency with the creation and manipulation of spreadsheets and data transformation.
Qualifications
Required:
- Associate's Degree and at least 6 months of healthcare revenue cycle or cash management and reconciliation experience.
- In lieu of a degree, at least 2 years of healthcare revenue cycle or cash management and reconciliation experience.
- Excellent written and oral communication skills.
- Proficiency with Microsoft Office.
Preferred:
- Experience with cash management including but not limited to balancing, reviewing, reconciliation, and understanding insurance EOBs.
- Knowledge of revenue cycle and/or business office procedures.
- Experience with processing refunds for patients and insurance.
- Experience in Insurance Verification.
Special Notes : Resume/CV should be included with the online application.
Posting Overview : This position will remain posted until filled or for a maximum of 90 days. An initial review of all applicants will occur two weeks from the posting date. Candidates are advised on the application that for full consideration, applications must be received before the initial review date (which is within two weeks of the posting date).
If within the initial review no candidate was selected to fill the position posted, additional applications will be considered for the posted position; however, the posting will close once a finalist is identified, and at minimal, two weeks after the initial posting date. Please note, that if no candidate were identified and hired within 90 days from initial posting, the posting would close for review, and possibly reposted at a later date.
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- Stony Brook Medicine is a smoke free environment. Smoking is strictly prohibited anywhere on campus, including parking lots and outdoor areas on the premises.
- All Hospital positions maybe subject to changes in pass days and shifts as necessary.
- This position may require the wearing of respiratory protection, which may prohibit the wearing of facial hair.
- This function/position maybe designated as "essential." This means that when the Hospital is faced with an institutional emergency, employees in such positions may be required to remain at their work location or to report to work to protect, recover, and continue operations at Stony Brook Medicine, Stony Brook University Hospital and related facilities.
Prior to start date, the selected candidate must meet the following requirements:
- Successfully complete pre-employment physical examination and obtain medical clearance from Stony Brook Medicine's Employee Health Services*
- Complete electronic reference check with a minimum of three (3) professional references.
- Successfully complete a 4 panel drug screen*
- Meet Regulatory Requirements for pre employment screenings.
- Provide a copy of any required New York State license(s)/certificate(s).
Failure to comply with any of the above requirements could result in a delayed start date and/or revocation of the employment offer.
*The hiring department will be responsible for any fee incurred for examination .
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Stony Brook University is committed to excellence in diversity and the creation of an inclusive learning, and working environment. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, familial status, sexual orientation, gender identity or expression, age, disability, genetic information, veteran status and all other protected classes under federal or state laws.
If you need a disability-related accommodation, please call the University Office of Equity and Access at (631)632-6280.
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Visit our WHY WORK HERE page to learn about the total rewards we offer.
Stony Brook University Hospital, consistent with our shared core values and our intent to achieve excellence, remains dedicated to supporting healthier and more resilient communities, both locally and globally.
Anticipated Pay Range:
The starting salary for this position has been established as - $48,709 - $59,376 / year.
The above salary represents SBUH's good faith and reasonable estimate of the range of possible compensation at the time of posting.
In addition, all UUP positions have an additional $3,400 for location, . Please visit this link to learn more.
Your total compensation goes beyond the number in your paycheck. SBUH provides generous leave, health plans, and state pension that add to your bottom line.
Salary : $48,709 - $59,376
