Cash Specialist 3 - Fairfax, United States - Inova Health System

Inova Health System

Verified Company

Fairfax, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

The Cash Specialist 3 ensures that Access data base reports and rejection reports are worked timely and fulfilled. Ensures the appropriate and timely write-off of all account adjustment requests. Responsible to handle non-payment EOB's and denial requests.

Performs timely and accurate posting of patient and insurance payments, insurance write-offs, charge adjustments, deductibles, copay's, and non-covered or denied amounts.

**Job Responsibilities

Reviews EOBs and patient payments to determine any possible overpayments made by the payer and/or patient. Ensures that all payments, EFT, and ACH transactions are posted the day they are received and posted via the appropriate medium (paper/electronic) and with all required adjustments.
Provides resolution for problem accounts (purged, unidentified, etc.) within allowable time frames, as defined for appropriate deficiency, and/or provides appropriate account followup based on established protocol.
Maintains knowledge of all payer requirements, 835 and EOB standards, system (hospital, clearinghouse, and payer) functionality, and hospital policies and procedures.
Attends and participates in monthly staff meetings. Take ownership of timely and accurate bank lockbox processing, balancing, and reconciliation.
Troubleshoots banking encoding and deposit errors while ensuring that the deposits are reprocessed or fixed on a timely basis. Ensures that issues are recorded and communicated with the bank.
Coordinates with the Accounting department on financial discrepancies, nonpatient revenue issues, and monthend close requirements.
Completes, verifies, and distributes all cash logs to support the production of the CFO reports.
Reviews, corrects, and advises all staff related to Access data entry issues. Controls the correction of these errors and verifies solutions. May perform additional duties as assigned.

Additional Requirements
Certification - None requiredLicensure - None requiredExperience - 3 yearsEducation - High School or GEDKSAs - Microsoft Office - Computer knowledge and skills