Midwestern University · 1 week ago
Cash Application Specialist - AZ - Clinic Finance
Glendale, AZ
Full-time
Onsite
Mid Level
3+ years expMidwestern University is a private, not-for-profit organization that provides graduate and post-graduate education in the health sciences. The Cash Application Specialist is responsible for completing all payment posting to patient accounts and reconciling payments and shortages for both paper and electronic EOBs.
Higher Education
Responsibilities
Analyze and interpret information on Remittance Advice (RA)/Explanation of Benefits (EOB)
Accurately apply lock box and electronic remittance payments to the appropriate patient claims and/or accounts in the billing system
Enter primary payer contractual adjustments according to fee schedules
Enter accurate reimbursement and transaction codes and adjustments for contractual and bad debt categories
Balance all posted amounts to check and batch amount; troubleshoot as necessary; resolve any out of balance transactions
Research difficult Remittance Advices for resolution to avoid posting to the unapplied account
Review credit balance report to initiate refund requests for both patient and insurance refunds
Ensures payments and adjustments are posted timely prior to month-end closing
Notes all payer rejected claims into billing system from EOBs
Uses relevant functions of various billing and patient practice management systems
Ensures that Federal and state collection/follow-up requirements and regulations are achieved
Implement changes directed by regulatory agencies
Identify key issues and take appropriate action to ensure revenue maximization on individual accounts
Perform system maintenance on autoposting functions to ensure accurate posting of electronic remittance advice
Answers patient questions, inquires, and concerns regarding their accounts
Other duties may be assigned
Qualification
Required
High school diploma or GED required
A minimum of 3-5 years of accounts receivable experience working in a healthcare setting or medical office environment required
Experience working with Explanation of Benefits (EOB) forms, understanding of adjustments based on fee schedules
Must have strong attention to detail, accuracy, and proficiency with numbers
Efficient ten-key calculator skill and excellent analytical abilities
Ability to find and correct errors with minimal assistance
Good verbal and organizational skills
Computer proficiency in MS Office (Word, Excel, Outlook)
Ability to perform each essential duty satisfactorily
Regular, in-person, predictable attendance with the ability to work in a constant state of alertness and safe manner
Benefits
Medical, dental, and vision insurance plans
Life insurance
Short/long term disability
Pet insurance
Flexible spending accounts including healthcare reimbursement and child/dependent care account
Competitive time off package including paid holiday’s, sick/flex days, personal days and vacation days
403(b) retirement plan
Tuition reimbursement
Child care subsidy reimbursement program
Identity theft protection
Employee assistance program
Wellness facility on-site with a fully equipped fitness facility
Company
Midwestern University
Founded in 1900, Midwestern University is a not-for-profit graduate institution of higher education offering degrees in the health sciences on two campuses.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Joshua Baker
Vice President and Chief Academic Officer for Optometry, Pharmacy and Veterinary Education
Kathleen Player
Chief Academic Officer and VP of Health Science Education and VP of Clinic Operations
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