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Cape Cod Healthcare · 2 days ago

Accounts Receivable Specialist

Massachusetts-Hyannis

Full-time

Onsite

Entry, Mid Level

2+ years exp

Cape Cod Healthcare is a healthcare organization committed to providing quality service. They are seeking an Accounts Receivable Specialist to manage daily financial transactions, process payments, and ensure accurate account reconciliations.

Health Care

Responsibilities

Receive daily backup from lockbox processing centers for the CCHC entities; separate and process according to payer

Export and upload all EOB, 835, and other payment files from various vendors. Record and verify daily EFT payments from bank statement. Post payments to patient’s accounts or general ledger accordingly

Receive and open the daily mail from patients and third party payers for the CCHC entities: separate and process according to payer

Receive daily electronic files from various payers and upload into the CCHC databases, verify online banking deposits, balance and post to patient’s accounts. Key rejection report. Resolve, reprocess or key the rejection report and/or work lists as needed

Receive and process denial correspondence

Receive daily co-payments from patients seen in the various outlying locations throughout CCHC and verify batch and cash posted by the depts. are in balance and process for deposit. Record on daily cash journal for daily balancing

Run and balance daily AR reports for reconciliation of AR intercompany and GLs

Receive, record, and balance all deposits for hospital activity; including but not limited to Pharmacy, CCHC Education, Center for Health Education, Cobra Insurance Payments, and all other CCHC programs

Record and reconcile daily collections on the master by entity and processing centers to posted input

Process, record and reconcile all credit card activity throughout CCHC

Reconcile and prepare daily deposits for check scanning or to be sent to the bank via courier

Prepare and reconcile master cash logs and distribute to General Accounting Staff

Maintain various RCM Work Lists including but not limited to: Remittance Error Work Lists, Guarantor Error Work Lists, and Payment Transfer Work Lists

Complete transfer request within two business days of receiving

Assist Staff Accountants with research and problem solving including cash adjustments and/or bank discrepancies. Work with Patient Accounts Staff and Manager’s to problem solve and research discrepancies

Interact with external and internal contacts such as third party payer representatives, patients, billing dept, revenue recovery dept, outliers, department managers who oversee daily co-payment collection, Cash Collection Clerks, Staff Accountants, banking institutions

Identify and escalate system issues that have the potential to effect cash posting

Provide clerical support

Responsible for the training of new employees in all policies and procedures and day-to-day activities

Protect patient’s rights to privacy and confidentiality according to HIPAA guidelines

Adhere to work schedules and maintain a safe and orderly work area at all times, maintain awareness of and compliance with safety policies and procedures

Practice wise use of hospital resources to control unnecessary expenditures

Attend and participate in educational programs, in-service meetings, workshops, and other activities as related to job performance and job knowledge

Manage and prioritize multiple tasks and problem solving

Perform other job related duties and assignments as required

Qualification

Accounts ReceivableGeneral Accounting PrinciplesBookkeeping ProceduresExcelMedical TerminologyMathematics SkillsCommunication in EnglishOrganization SkillsProblem SolvingAttention to Detail

Required

Ability to read, write, and communicate in English

High School Diploma or GED

Two years' experience in Patient Financial Services, Payment Coordinator, Financial Counselor, Outpatient Medical Secretary, Banking, Accounting, Finance OR an Associate's Degree in a related field OR must demonstrate knowledge of debit, credit, and basic bookkeeping principles through successful passage of General Ledger Balancing Department Test

Basic mathematic skills and ability to apply skills, as demonstrated by successful completion of a timed business math test, using manual and calculator aided computations to solve problems

Knowledge of the following: Excel including: Auto Sum, Formulas, Ability to work in multiple spreadsheets, Microsoft Outlook, Word

Working knowledge of medical terminology

High aptitude for organization and attention to detail with a high level of accuracy

Ability to meet required deadlines and handle multiple tasks simultaneously

Ability to comprehend and resolve complex issues

Ability to work independently with minimal supervision