Bancroft · 7 hours ago
Accounts Receivable Specialist
Cherry Hill, NJ
Full-time
Hybrid
Mid Level
$43K/yr - $48K/yr
3+ years expBancroft is seeking an Accounts Receivable Specialist to join their team in Cherry Hill, NJ. The role involves managing cash influx and collecting payments from Funders and Insurance payers, ensuring the accounts receivable records are up to date and assisting in streamlining the accounts receivable process.
CommunitiesHealth CareNon ProfitSocial
Responsibilities
Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
Communicate discrepancies to management, identify slow-paying Funders/Insurance payers, and recommend collection candidates
Assist in streamlining the accounts receivable process by identifying areas for performance improvement
Monitor and collect accounts receivable by contacting Funders, Insurance payers, Client or Individual served via telephone, email, and mail
Strengthen and grow relationships with Individual served/Clients by communicating pastdue accounts
Exercise integrity and confidentiality in financial reporting, and comply with national and local financial requirements
Performs other related billing and collection responsibilities as required. Remains flexible and adaptable in work schedule and assignments as defined by organizational and department needs
Assist director with any billing and A/R research reporting and projects
Supports the resolution of issues at the earliest stage of the billing process, including resolution of rejected claims to ensure payment of all claims meeting eligibility requirements
Performs financial communications to all Individual served/clients’, and Funder/Insurance representatives’ inquiries relating to insurance coverage for services, eligibility issues, Individual/client responsibility, balance resolution and other inquiries relating to coverages and services
Identifies, researches, and resolves differences in payment versus expected payment from third party payers, if situations arise
Able to evaluate, understand and explain an insurance explanation of benefits in an effort to support Individual served/Clients’ interpretation of coverage and potential financial exposure
Abides by the Bancroft Code of Ethics, Mission Statement, and Vision Statement in promoting ethical behavior, establishing relationships and providing guidance in decisionmaking situations
Remains current with required training certifications, meets state-regulated licensing and regulatory accreditations, and adheres to mandatory requirements
Willingly and effectively cooperates with Bancroft, The Department of Human Services, The Division of Developmental Disabilities (DDD), and other Pennsylvania and Delaware licensing or state agencies or local municipalities in any inspections and investigations, upon request
Maintains a safe and respectful environment, free of abuse, neglect, or exploitation; does not allow weapons, threats, bullying or intimidation
Reports any violations of Bancroft policy and procedure to the appropriate individual as soon as the incident occurs
Demonstrates Bancroft’s core value of Respect in the performance of position
Qualification
Required
HS diploma
demonstrated experience of at least three (3) years in reimbursement and/or funding
proficient in Excel, and other Microsoft Applications, including Word and PowerPoint
Ability to learn and effectively utilize internal billing systems, clearinghouse sites and various payer portals
Customer service oriented with a focus on problem resolution and good outcomes for internal and external stakeholders
Excellent interpersonal skills and demonstrated strength in written and verbal communications
Able to learn and retain information and record accurate notes
Able to follow procedures and be detail oriented
Able to collaborate and communicate effectively with all levels of the organization
High degree of integrity with a strong mission orientation, consistent with Bancroft's vision, mission and values
Valid driver's license required in incumbent's legal name and current address with no provisional restrictions
Minimum 18 years of age required
Preferred
certificate or associate's degree in Health Care Reimbursement
Salesforce experience
Company
Bancroft
Bancroft provides programs and services for individuals with autism, intellectual and developmental disabilities.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Toni Pergolin
President / Chief Executive Officer
Amy Law
Talent Acquisition Partner
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2023-10-11
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