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Penn Medicine, University of Pennsylvania Health System · 4 hours ago

Cash Application Specialist (40 hours/week)

Lititz, PA

Full-time

Onsite

Entry Level

1+ years exp

Penn Medicine is dedicated to providing the highest level of care to patients, conducting innovative research, and educating future leaders in the field of medicine. The Cash Application Specialist is responsible for the accurate and timely application of patient and insurance payments, denials, and correspondence to accounts, while supporting Patient Financial Services and Professional Billing Services.

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Responsibilities

Sort and open incoming mail

Prepare all checks for scanning and deposit; investigate and resolve payment issues prior to deposit

Process all forms of payment including live check, credit card, and EFT Electronic Funds Transfer; batch for scanning and posting into EPIC

Use HP24 Health Pay 24 system to allocate funds to appropriate general ledger

Post insurance detail, manual or electronic, to appropriate accounts

Post all forms of payments patient and insurance to PB and HB billing system

Retain knowledge of current ANSI codes for appropriate posting of denials, patient liability and contractual obligations to perform correct system action to patient accounts

Maintain accurate daily deposit scanning detail for reconciliation through accounting department

Track and resolve unidentified payments from insurance companies and patients by researching and or working with Account Resolution and Customer Service Teams for timely resolution

Provide timely follow up of assigned inventory for the purpose of maintaining appropriate posting lag, and resolution of outstanding AR inventory

Keep supervisor manager informed of any problems or issues

Consistently meet productivity and or quality standards established by management, recommending new approaches for enhancing performance and productivity when appropriate

Provide assistance to Cash Management Analysts as needed

Train employees

Other duties as assigned

Qualification

Data entryInsurance remittancesAnalytical skillsMinor accounting skillsCash processingOrganizational skills

Required

High school diploma or equivalent GED

Must have speed and accuracy in data entry 10 key skills

Ability to apply strong analytical qualities

Excellent organizational skills

One year minor accounting skills, CRT training, and strong calculator experience

Experience interpreting and posting insurance remittances

Banking or other cash processing experience

Benefits

One of the finest prepaid tuition assistance programs in the region

Company

Penn Medicine, University of Pennsylvania Health System

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Penn Medicine is a world leader in academic medicine, setting the standard for cutting-edge research, compassionate patient care, and the education of future health care professionals.

Founded in 1765

Philadelphia, Pennsylvania, USA

10001+ employees