Inova Health System
Falls Church, VA, United States
United States
Job Description
Inova Center of Personalized Health is looking for a dedicated Cash Specialist 3 to join the team. This role will be full-time day shift from Monday - Friday, 8:00 a.m. - 5:00 p.m. | Hybrid (Monday, Wednesday, Friday) The Cash Specialist 3 ensures that Access data base reports and rejection reports are worked timely and fulfilled. Ensures the appropriate and timely write-off of all account adjustment requests. Responsible to handle non-payment EOB's and denial requests. Performs timely and accurate posting of patient and insurance payments, insurance write-offs, charge adjustments, deductibles, copay's, and non-covered or denied amounts. Inova is consistently ranked a national healthcare leader in safety, quality and patient experience. We are also proud to be consistently recognized as a top employer in both the D.C. metro area and the nation. Featured Benefits: Committed to Team Member Health: offering medical, dental and vision coverage, and a robust team member wellness program. Retirement: Inova matches the first 5% of eligible contributions – starting on your first day. Tuition and Student Loan Assistance: offering up to $5,250 per year in education assistance and up to $10,000 for student loans. Mental Health Support: offering all Inova team members, their spouses/partners, and their children 25 mental health coaching or therapy sessions, per person, per year, at no cost. Work/Life Balance: offering paid time off, paid parental leave, and flexible work schedules Cash Specialist 3 Job Responsibilities: Reviews EOBs and patient payments to determine any possible overpayments made by the payer and/or patient. Ensures that all payments, EFT, and ACH transactions are posted the day they are received and posted via the appropriate medium (paper/electronic) and with all required adjustments. Provides resolution for problem accounts (purged, unidentified, etc.) within allowable time frames, as defined for appropriate deficiency, and/or provides appropriate account follow-up based on established protocol. Maintains knowledge of all payer requirements, 835 and EOB standards, system (hospital, clearinghouse, and payer) functionality, and hospital policies and procedures. Attends and participates in monthly staff meetings. Take ownership of timely and accurate bank lockbox processing, balancing, and reconciliation. Troubleshoots banking encoding and deposit errors while ensuring that the deposits are reprocessed or fixed on a timely basis. Ensures that issues are recorded and communicated with the bank. Coordinates with the Accounting department on financial discrepancies, non-patient revenue issues, and month-end close requirements. Completes, verifies, and distributes all cash logs to support the production of the CFO reports. Reviews, corrects, and advises all staff related to Access data entry issues. Controls the correction of these errors and verifies solutions. Minimum Qualifications: Education: High School or GED KSAs - Microsoft Office - Computer knowledge and skills- Ability to think critically and resolve accounts with minimal supervision- Working typing and CRT skills- Knowledge of banking procedures Experience : 3 years of experience Preferred Qualifications: Experience accurately posting payments, adjustments, and denials in EPIC from electronic and manual remittance advices (ERAs/EOBs). Strong ability to review and research remittance advices to ensure proper payment application and resolve discrepancies. Proficiency in investigating and resolving unapplied or misapplied cash deposits in a timely manner. Experience reconciling daily deposits with bank statements and EPIC postings to ensure financial accuracy. Familiarity with month-end and year-end reconciliation processes. Ability to identify and escalate payment issues, trends, or system errors to management. Effective collaboration with internal departments (billing, accounts receivable, patient financial services) to ensure accurate account resolution. About Us
We are Inova, Northern Virginia’s leading nonprofit healthcare provider. Every day, our 25,000+ team members provide world-class healthcare to the communities we serve. Our people are the reason we're a national leader in healthcare safety, quality and patient experience. And from best-in-class facilities to professional development opportunities, we support them at every step. At Inova, we're constantly striving to be ever better — to shape a more compassionate future for healthcare.
Inova Health System is an Equal Opportunity employer. All qualified applicants will receiveconsideration for employment without regard to age, color, disability, gender identity orexpression, marital status, national or ethnic origin, political affiliation, pregnancy (includingchildbirth, pregnancy-related conditions and lactation), race, religion, sex, sexual orientation,veteran status, genetic information, or any other characteristics protected by law. Job Info
Job Identification 672398 Job Category Finance
#J-18808-Ljbffr
Job Description
Inova Center of Personalized Health is looking for a dedicated Cash Specialist 3 to join the team. This role will be full-time day shift from Monday - Friday, 8:00 a.m. - 5:00 p.m. | Hybrid (Monday, Wednesday, Friday) The Cash Specialist 3 ensures that Access data base reports and rejection reports are worked timely and fulfilled. Ensures the appropriate and timely write-off of all account adjustment requests. Responsible to handle non-payment EOB's and denial requests. Performs timely and accurate posting of patient and insurance payments, insurance write-offs, charge adjustments, deductibles, copay's, and non-covered or denied amounts. Inova is consistently ranked a national healthcare leader in safety, quality and patient experience. We are also proud to be consistently recognized as a top employer in both the D.C. metro area and the nation. Featured Benefits: Committed to Team Member Health: offering medical, dental and vision coverage, and a robust team member wellness program. Retirement: Inova matches the first 5% of eligible contributions – starting on your first day. Tuition and Student Loan Assistance: offering up to $5,250 per year in education assistance and up to $10,000 for student loans. Mental Health Support: offering all Inova team members, their spouses/partners, and their children 25 mental health coaching or therapy sessions, per person, per year, at no cost. Work/Life Balance: offering paid time off, paid parental leave, and flexible work schedules Cash Specialist 3 Job Responsibilities: Reviews EOBs and patient payments to determine any possible overpayments made by the payer and/or patient. Ensures that all payments, EFT, and ACH transactions are posted the day they are received and posted via the appropriate medium (paper/electronic) and with all required adjustments. Provides resolution for problem accounts (purged, unidentified, etc.) within allowable time frames, as defined for appropriate deficiency, and/or provides appropriate account follow-up based on established protocol. Maintains knowledge of all payer requirements, 835 and EOB standards, system (hospital, clearinghouse, and payer) functionality, and hospital policies and procedures. Attends and participates in monthly staff meetings. Take ownership of timely and accurate bank lockbox processing, balancing, and reconciliation. Troubleshoots banking encoding and deposit errors while ensuring that the deposits are reprocessed or fixed on a timely basis. Ensures that issues are recorded and communicated with the bank. Coordinates with the Accounting department on financial discrepancies, non-patient revenue issues, and month-end close requirements. Completes, verifies, and distributes all cash logs to support the production of the CFO reports. Reviews, corrects, and advises all staff related to Access data entry issues. Controls the correction of these errors and verifies solutions. Minimum Qualifications: Education: High School or GED KSAs - Microsoft Office - Computer knowledge and skills- Ability to think critically and resolve accounts with minimal supervision- Working typing and CRT skills- Knowledge of banking procedures Experience : 3 years of experience Preferred Qualifications: Experience accurately posting payments, adjustments, and denials in EPIC from electronic and manual remittance advices (ERAs/EOBs). Strong ability to review and research remittance advices to ensure proper payment application and resolve discrepancies. Proficiency in investigating and resolving unapplied or misapplied cash deposits in a timely manner. Experience reconciling daily deposits with bank statements and EPIC postings to ensure financial accuracy. Familiarity with month-end and year-end reconciliation processes. Ability to identify and escalate payment issues, trends, or system errors to management. Effective collaboration with internal departments (billing, accounts receivable, patient financial services) to ensure accurate account resolution. About Us
We are Inova, Northern Virginia’s leading nonprofit healthcare provider. Every day, our 25,000+ team members provide world-class healthcare to the communities we serve. Our people are the reason we're a national leader in healthcare safety, quality and patient experience. And from best-in-class facilities to professional development opportunities, we support them at every step. At Inova, we're constantly striving to be ever better — to shape a more compassionate future for healthcare.
Inova Health System is an Equal Opportunity employer. All qualified applicants will receiveconsideration for employment without regard to age, color, disability, gender identity orexpression, marital status, national or ethnic origin, political affiliation, pregnancy (includingchildbirth, pregnancy-related conditions and lactation), race, religion, sex, sexual orientation,veteran status, genetic information, or any other characteristics protected by law. Job Info
Job Identification 672398 Job Category Finance
#J-18808-Ljbffr