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Cash Applications Specialist
$40k-50k (estimate)
Full Time 2 Months Ago
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Infucare Rx Inc On Behalf Of Itself And Its Subsidiaries is Hiring a Cash Applications Specialist Near Fairfield, NJ

InfuCare Rx is a leading home infusion provider accredited by URAC, The Joint Commission and ACHC offering a specialized approach to caring for patients in need of IV therapy and specialty pharmacy services in the homecare setting. We have created an ethical, team oriented, and quality work environment for our employees that cultivates achievement and success.

Job Summary:

The Cash Applications Specialist is the lead responsible for posting all incoming payments to correct patient accounts on a daily basis. Inputs and retrieves data from computer systems. Reconciles accounts daily. Applies payments to patient accounts accurately and efficiently. We are seeking a candidate with experience in medical payment posting. We are looking for someone who is eager to learn in a growing company.

Benefits:

  • Medical/Dental/Vision
  • STD/LTD
  • Group Term Life
  • Voluntary Life and AD&D
  • 401K with Company Match
  • Paid Sick Leave
  • Paid Time Off
  • 6 Paid Holidays

Essential Job Functions:

  • Post payments and make adjustments accurately based on contracted rates and patient’s individual health plans.
  • Retrieve payments from various provider portals.
  • Review electronic remittance advice posting (where applicable) for proper application to system records.
  • Adjust system reported Accounts Receivables (AR) balances to third-party EOBs through the payment posting process.
  • Read and interpret third-party explanation of benefits (EOB).
  • Receive and complete requests from team members regarding missing checks and inaccurate postings.
  • Work with the Accounting Department to complete the month-end reconciliation process.
  • Report payment discrepancies.
  • Track and research unapplied cash and escalate to management as necessary.
  • Perform additional duties as assigned.

Required Skills:

  • General knowledge of major medical insurance practices and carriers.
  • Must be able to use critical thinking to problem solve on a regular basis.
  • Ability to work independently but also follow oral and written instructions.
  • Time Management skills
  • Capable of meeting deadlines with little to no supervision.
  • Comply with and adhere to all regulatory compliance areas, policies, and procedures.
  • Establish and maintain effective working relationships and communicate clearly with other departments, patients, and insurance companies.

Experience:

  • High School Diploma or GED, required.
  • College degree or Accounting experience preferred.
  • 3 years posting experience in a medical setting, required.
  • Working knowledge of debits and credits required.
  • Experience in reading and interpreting explanation of benefits (EOB) from various insurances, required.
  • Proficiency with Microsoft Office (Microsoft Word, Excel, and Outlook), required.
  • Electronic payment posting experience, preferred.

Physical Demands:

Required to stand, walk, sit, talk, and hear; required to use hands to operate vehicles and office equipment; must be able to occasionally lift and/or move up to 25 lbs; specific vision requirements for this job include: close, distance and peripheral vision, and the ability to adjust focus, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position without compromising patient care.

InfuCare Rx is an equal opportunity employer. All employment decisions are made without regard to race, color, religion, national origin, military status, marital status, citizenship/immigration status, sex (including pregnancy and relation conditions, sexual orientation, or gender identity), age (40 and older), disability, genetic information (including employer requests for, or purchase use, or disclosure of genetic tests, genetic services, or family medical history), retaliation for filing a charge, reasonably opposing discrimination, or participating in a discrimination lawsuit, investigation, or proceeding. Background checks and drug screens are part of our hiring process. Affirmative Action/Equal Opportunity Employer, Minority/Female/Disabled/Veteran.

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https://infucarerx.com/wp-content/uploads/2023/01/Applicant.pdf

Job Summary

JOB TYPE

Full Time

SALARY

$40k-50k (estimate)

POST DATE

02/05/2024

EXPIRATION DATE

05/12/2024

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The job skills required for Cash Applications Specialist include Time Management, Accounting, etc. Having related job skills and expertise will give you an advantage when applying to be a Cash Applications Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Cash Applications Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Cash Applications Specialist positions, which can be used as a reference in future career path planning. As a Cash Applications Specialist, it can be promoted into senior positions as a Cashier II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Cash Applications Specialist. You can explore the career advancement for a Cash Applications Specialist below and select your interested title to get hiring information.