Oneida Health
Job Details
Job Location Corporate - Oneida, NY
Position Type Full Time
Education Level High School/GED
Salary Range $18.00 - $23.40 Hourly
Travel Percentage None
Job Shift Days
Job Category Accounting/Finance/Billing
Description
Are you an experienced financial professional with a keen eye for detail and a passion for accuracy? Join our esteemed Hospital Patient Financial Services (PFS) Department as a
Cash Application Specialist (Full-time)
and play a crucial role in ensuring the accurate and efficient application of cash and payments to patient accounts. This position offers a unique opportunity to contribute to the financial integrity of our hospital while supporting the well-being of our patients.
Key Responsibilities: Payment Posting: Accurately post various forms of payments, including checks, electronic funds transfers, credit card transactions, and insurance payments, to patient accounts within established timelines. Reconciliation: Conduct daily cash reconciliation to verify and balance payment transactions, ensuring all payments are accounted for and discrepancies are promptly addressed. Payment Verification: Review payment details and supporting documentation to validate the accuracy of posted payments, resolving any discrepancies or errors as necessary. Insurance Payments: Apply insurance payments received from different payers, such as Medicare, Medicaid, private insurance, and managed care plans, adhering to contractual terms and reimbursement rates. Denials and Underpayments: Collaborate with denial and underpayment management teams to investigate and resolve discrepancies, rejections, and payment variances. Credit Balances: Identify and address credit balances on patient accounts, processing appropriate refunds or adjustments in compliance with hospital policies and regulations. Record Keeping: Maintain meticulous and organized documentation of all cash application activities and ensure proper data entry into relevant systems. Communication: Interact with internal billing and collections teams to address payment-related inquiries, provide regular updates, and foster effective cross-departmental collaboration. Process Improvement: Continuously evaluate cash application processes and recommend improvements to enhance efficiency, accuracy, and overall revenue cycle performance. We provide competitive pay and value experience. Oneida Health Employees enjoy free parking and the hospital is centrally-located in Oneida next to shopping, food services, and entertainment. The following are just some of our best employee benefits:
Generous Paid Time Off accruing day one 403 (b) matching up to 6% Free parking Employee Gym 20% Cafe Discount No Deductible Health Insurance, Flex Spending, Vision, Dental, Disability, and Life Generous Tuition Reimbursement Qualifications
Qualifications:
Education: High school diploma or equivalent. Additional education in finance, accounting, or a related field is desirable. Experience: Proven experience as a Cash Application Specialist or in a similar financial role, preferably within a healthcare or hospital environment. Industry Knowledge: Familiarity with medical billing, revenue cycle management, and healthcare payment processes is advantageous. Technical Skills: Proficiency in financial software and database applications for payment posting and reconciliation purposes.
Job Location Corporate - Oneida, NY
Position Type Full Time
Education Level High School/GED
Salary Range $18.00 - $23.40 Hourly
Travel Percentage None
Job Shift Days
Job Category Accounting/Finance/Billing
Description
Are you an experienced financial professional with a keen eye for detail and a passion for accuracy? Join our esteemed Hospital Patient Financial Services (PFS) Department as a
Cash Application Specialist (Full-time)
and play a crucial role in ensuring the accurate and efficient application of cash and payments to patient accounts. This position offers a unique opportunity to contribute to the financial integrity of our hospital while supporting the well-being of our patients.
Key Responsibilities: Payment Posting: Accurately post various forms of payments, including checks, electronic funds transfers, credit card transactions, and insurance payments, to patient accounts within established timelines. Reconciliation: Conduct daily cash reconciliation to verify and balance payment transactions, ensuring all payments are accounted for and discrepancies are promptly addressed. Payment Verification: Review payment details and supporting documentation to validate the accuracy of posted payments, resolving any discrepancies or errors as necessary. Insurance Payments: Apply insurance payments received from different payers, such as Medicare, Medicaid, private insurance, and managed care plans, adhering to contractual terms and reimbursement rates. Denials and Underpayments: Collaborate with denial and underpayment management teams to investigate and resolve discrepancies, rejections, and payment variances. Credit Balances: Identify and address credit balances on patient accounts, processing appropriate refunds or adjustments in compliance with hospital policies and regulations. Record Keeping: Maintain meticulous and organized documentation of all cash application activities and ensure proper data entry into relevant systems. Communication: Interact with internal billing and collections teams to address payment-related inquiries, provide regular updates, and foster effective cross-departmental collaboration. Process Improvement: Continuously evaluate cash application processes and recommend improvements to enhance efficiency, accuracy, and overall revenue cycle performance. We provide competitive pay and value experience. Oneida Health Employees enjoy free parking and the hospital is centrally-located in Oneida next to shopping, food services, and entertainment. The following are just some of our best employee benefits:
Generous Paid Time Off accruing day one 403 (b) matching up to 6% Free parking Employee Gym 20% Cafe Discount No Deductible Health Insurance, Flex Spending, Vision, Dental, Disability, and Life Generous Tuition Reimbursement Qualifications
Qualifications:
Education: High school diploma or equivalent. Additional education in finance, accounting, or a related field is desirable. Experience: Proven experience as a Cash Application Specialist or in a similar financial role, preferably within a healthcare or hospital environment. Industry Knowledge: Familiarity with medical billing, revenue cycle management, and healthcare payment processes is advantageous. Technical Skills: Proficiency in financial software and database applications for payment posting and reconciliation purposes.