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scch.health (Sullivan County Community Hospital) · 3 days ago

Cash Application Analyst

Sullivan, IN

Full-time

Onsite

New Grad, Entry Level

Sullivan County Community Hospital is seeking a Cash Application Analyst to manage daily applications of insurance and patient payments. The role involves preparing daily deposits, maintaining cash journals, and reconciling collected monies with the hospital's financial services.

Health CareHospital

Responsibilities

Manages daily application of all insurance and patient miscellaneous payments received

Prepares daily deposit(s) and manages cash-on-hand for walk-in payments

Prepares and maintains daily cash journals

Works in conjunction with the Accounting Department to identify/resolve cash journal discrepancies

Uses bank statement to reconcile electronic deposits with unposted receivables in order to collect appropriate remittances for posting

Reconciles all collected monies with the hospital and Financial Service Center

Maintains all files and payer remittances

Manages issues impacting file and payment delivery between payer EDI departments and the hospital’s data clearinghouse

Manages Credit Balance AR and issues appropriate payer and patient refunds via AP checks and credit card refunds

Contacts payer to dispute and/or resolve outstanding issues causing credit balances

Maintains AR credit balance no greater than 2% of gross AR discrepancies

Monitors and reports trends in payer behavior impacting reimbursement

Qualification

Medical terminology knowledgeInsurance payment processesMeditechMS ExcelPatient accounting practicesCollaboration skillsWork independently

Required

High school graduate or the equivalent

Understands hospital and/or physician patient accounting practices

Has previous work experience with government and/or managed care insurance

Possesses knowledge of third party and government insurance payment behaviors and processes

Understands medical terminology and CPT/HCPCS/ICD-10 coding

Demonstrates proficiency in Meditech and MS Excel

Professionally collaborates with staff at various levels throughout the organization, including, but not limited to: Physician Practices, HIM, Information Systems, Patient Financial Services and Clinical Directors

Works efficiently with minimal supervision

Works well under pressure with attention to time constraints