Franciscan Missionaries of Our Lady Health System Inc
Cash Reconciliation Coordinator
Franciscan Missionaries of Our Lady Health System Inc, Baton Rouge, Louisiana, us, 70873
Cash Reconciliation Coordinator plays a vital role on the Accounting and Revenue Cycle teams, reconciling and accounting for cash on a daily basis to ensure proper and timely posting to patient accounts.
Responsibilities
Coordination of treasury functions related to disbursement of cash. Effectively communicates with bank, management, and accounting team. Works directly with Revenue Cycle team members to improve daily cash reconciliation process. Cash controls:
Reconcile home office petty cash. Resolve daily exceptions in bank. Request, setup, and maintain banking templates. Process weekly transfer of funds from PNC bank accounts and process company wires. Maintain copies of bank statements and department processes. Review/evaluate treasury services, monitor fees and report findings to Accounting management. Monitor disbursements that have not settled and assist accounts with obtaining AR backup and proper recording of bank transactions. Send positive pay files to bank. Issue stop payments via online banking system.
Daily and Monthly financial reporting:
Keep Accounting and Revenue Cycle leaders informed about cash discrepancies and unreconciled deposits. Assist with timely reporting of daily cash reports and monthly cash reporting.
Other Duties:
Participate in Revenue Cycle and Accounting department activities and meetings for team building.
Qualifications
Three years experience in hospital billing or three years cash reconciliation experience.
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Coordination of treasury functions related to disbursement of cash. Effectively communicates with bank, management, and accounting team. Works directly with Revenue Cycle team members to improve daily cash reconciliation process. Cash controls:
Reconcile home office petty cash. Resolve daily exceptions in bank. Request, setup, and maintain banking templates. Process weekly transfer of funds from PNC bank accounts and process company wires. Maintain copies of bank statements and department processes. Review/evaluate treasury services, monitor fees and report findings to Accounting management. Monitor disbursements that have not settled and assist accounts with obtaining AR backup and proper recording of bank transactions. Send positive pay files to bank. Issue stop payments via online banking system.
Daily and Monthly financial reporting:
Keep Accounting and Revenue Cycle leaders informed about cash discrepancies and unreconciled deposits. Assist with timely reporting of daily cash reports and monthly cash reporting.
Other Duties:
Participate in Revenue Cycle and Accounting department activities and meetings for team building.
Qualifications
Three years experience in hospital billing or three years cash reconciliation experience.
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