Cash Posting Operations Analyst @ Boston Medical Center (BMC) | Jobright.ai
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Boston Medical Center (BMC) · 2 days ago

Cash Posting Operations Analyst

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Responsibilities

Provide support to all revenue generating departments on cash related issues in collaboration with departmental stakeholders, Revenue Cycle teams and Finance.
Perform month end tasks including, but not limited to, reconciliation, resolving issues, monitoring and clearing workqueues, and payment posting.
Partner with the Sr. Revenue Cycle Operations Analyst and management by raising issues, working to understand the root cause and offering potential solutions.
Serves as a cash processing subject matter expert to internal and external team members.
With Senior Analyst or Manager oversight, develop work plans and lead project timelines for small initiatives to complete assigned projects in the most timely and efficient manner possible.
Responsible for the compilation and distribution of reconciliation reporting for assigned areas, as needed.
Collaborates effectively with diverse groups of people and various service departments throughout the organization.
Identifies trends and performs root cause analysis on the cash reconciliation processes, as well as other departmental policies.
Based on cash processing issues, researches and recommends process improvements, which includes writing procedures, training, and monitoring the new process.
Responsible for coordinating cash service communication among the professional billing office, practices, and billing vendors, as needed.
Serves as liaison for professional cash management to the hospital analytics department, to compound trends, issues, and payer-related changes.
Assists the Senior Analyst and Manager in identifying and resolving reconciliation variances. Monitors daily variance reports to drive sustained performance and reduced cash posting lag time.
Works in collaboration with team members throughout the organization to coordinate audit schedules and prepares data requests for internal and external audit teams. Acts as liaison to auditors to address audit questions additional data requests.
Performs other duties as directed or assigned.
Must adhere to all of BMC’s RESPECT behavioral standards. IND123

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Healthcare cash processingFinancePatient accountingPhysician billingAcademic medical center settingProcess analysisRoot cause analysisProficiency with Windows softwareMicrosoft WordOutlookExcelPowerPointProject managementBusiness acumenHealthcare applicationsEpicOnbasePayer PortalsPay PlusInstamedProblem-solving work independentlyTime managementCommunicationPresentationInterpersonal skillsOrganizational skillsAttention to detailStrategic thinkingAnalytical skills

Required

Associate’s degree in Business/Healthcare related field preferred or equivalent combination of formal education and work experience.
One to three years minimum recent experience in healthcare cash processing, finance, patient accounting and/or physician billing, preferably in an Academic Medical Center setting.
Ability to work independently and with a team.
Able to excel in a complex, demanding environment with time-sensitive deadlines.
Proven abilities in problem management, process analysis, and root cause analysis.
Ability to communicate analysis including trends and opportunities to stakeholders both verbally and through writing
At minimum, intermediate level of proficiency with Window based software, including but not limited to Microsoft Word, Outlook, Excel and PowerPoint
Excellent presentation skills and interacting with senior levels of hospital management and with physician leaders.
Excellent organizational and project management skills.
Highly responsive to manage time effectively, attention to detail, and follow through.
Strategic thinker with business acumen.
Superior analytical skills to evaluate information gathered from multiple sources and synthesize into actionable information
Excellent writing, interpersonal and organizational skills
Working knowledge of healthcare applications including, but not limited to Epic, Onbase, Payer Portals, Pay Plus, Instamed.

Company

Boston Medical Center (BMC)

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Boston Medical Center models a new kind of excellence in healthcare, where innovative and equitable care empowers all patients to thrive.

H1B Sponsorship

Boston Medical Center (BMC) has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Trends of Total Sponsorships
2023 (31)
2022 (57)
2021 (32)
2020 (33)

Funding

Current Stage
Late Stage
Total Funding
$342.43M
Key Investors
National Institute on Drug Abuse (NIDA)The Boston FoundationMassachusetts Clean Energy Center
2023-02-23Debt Financing· $232M
2019-04-23Grant· $89M
2018-12-14Grant· $0.03M

Leadership Team

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David Beck
Senior Vice President and Chief Legal Counsel
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Company data provided by crunchbase
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