+--------------------------------------------------------------------------+ | GENERAL SUMMARY | +--------------------------------------------------------------------------+

The Cash Applications Specialist (“Specialist”) is responsible for the daily applications of cash processing and reconciliation of payments to the hospital accounts receivable.  Reviews AR postings to ensure payments are applied correctly and appropriately. Reconciles adjustments related to prior payments posted as well as auditing and correction of rejected payments. Research and resolve unapplied/unidentified cash postings.  Responsible for identifying inappropriate adjustment/discounts taken by Payors and forwarding them to the appropriate follow up personal. Performs a daily audit to balances all cash application transactions to ensure accuracy to the Accounts Receivable and General Ledger

The Specialist consistently demonstrates support of the SRAlab statement of Vision, Mission and Core Values by striving for excellence, contributing to the team efforts and showing respect and compassion for patients and their families, fellow employees, and all others with whom there is contact at or in the interest of the institute.

The Specialist demonstrates SRAlab Core Attributes: Communication, Accountability, Flexibility/Adaptability, Judgment/Problem Solving, Customer Service and SRAlab Values (Hope, Compassion, Discovery, Collaboration, & Commitment to Excellence) while fulfilling job duties.

PRINCIPAL RESPONSIBILITIES

1. Identify and import all electronic remittances daily.
2. Analyze and process all hospital payments received within the hospital, via the mail, or from the electronic bank lock box.
3. Post contractual allowances from EOB’ s per current contract terms.
4. Post non-payment EOB’s received from Payors using the appropriate transaction codes.
5. Post and reconcile all electronic postings for applicable Payors. Transfer MD payments from accounts to MSRIC 
6. Reconcile unidentified accounts weekly to avoid unidentified payments remaining in the account longer than 15 days.
7. Perform an audit at the end of each day to ensure that all activities from lock box, vouchers and Cashier’s Office (live checks and credit cards) are balanced.
8. Complete an audit spreadsheet and forward to the PFS Financial Analyst and Finance department reflecting the daily cash totals and identifying any variances or backlog of payments.
9. Research and respond to interdepartmental and external departments on issues related to cash applications.
10. Work with the Finance department each month to ensure that all payments posted in the prior month balances to the General Ledger.
11. Participate in/assist with quality management process (es) to identify and improve cash posting procedures.
12. Attend training sessions as specified by PFS management.
13. Other duties as assigned.

REPORTING RELATIONSHIPS

1. Reports to Billing Manager

KNOWLEDGE, SKILLS & ABILITIES REQUIRED

1. Associate’s Degree in Accounting required or 3 – 5 years of direct experience with Accounts Receivable hospital cash applications.
2. Ability to complete mathematical calculations in order to complete required analyses and reports.
3. Ability to effectively use a personal computer and working knowledge of spreadsheet application to perform data entry and analysis (must be proficient in Excel and Word).
4. Interpersonal skills needed to explain and interpret ledgers and accounts to employees and managers.
5. Communication and interpersonal skills necessary to interact with internal/external customers in various circumstances.
6. Ability to collaborate effectively in a team setting in order to maximize quality and efficiently of operations.
7. Excellent organizational and time management skills. Ability to establish and meet deadlines while managing multiple priorities.

WORKING CONDITIONS

1.     Normal office environment with little or no exposure to dust or extreme temperature.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. 

SRAlab is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

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Required Skills Required Experience

• Bachelor’s degree in business or equivalent. Minimum of 7 years progressive Human Resources experience.
• Solid interviewing experience/skills.
• Experience in training and facilitation.
• Excellent written, verbal and interpersonal skills.
• Strong customer focus.
• PC proficient.
• A team player that is results driven, able to work under pressure, has strong leadership skills, high energy, strong organizational skills, is empathetic and able to deal with issues in an open, honest manner.
• Ability to respond to common inquiries or requests from employees and management.
• Ability to effectively present information to employees and management.
• Strong understanding of HR legislative requirements/laws (State & Federal).