Cash Specialist
Presbyterian Senior Living, Phila, PA, United States
The
Cash Specialist
is responsible for posting received payments to proper accounts, reconciling daily cash postings to deposits per bank statement, adjusting account payments for returned checks or insufficient funds, assisting with collection efforts, and providing support for general accounts receivable tasks.
Qualifications
One to Two years’ experience in accounts receivable, preferably in healthcare, required
Prior experience working with computerized accounting systems required
Computerized claims submission systems experience preferred
Proficiency using Excel preferred
Responsibilities and Expectations
Accurately posts the cash receipts received into accounting system in a timely manner from digital images, paper copies, remittance advices and/or automatic withdrawals from residents’ accounts.
Files supporting documentation in an organized manner.
Reconciles cash postings to deposits.
Retrieve and post payments from third party payers.
Facilitates deposits of cash and/or checks into the appropriate bank account which may require limited travel to financial institutions.
Responsible for the safeguard of cash and/or checks not yet deposited.
Accepts and completes accounts receivable-related tasks as assigned.
May assist the Accounts Receivable Coordinator with reviewing the posting of revenues and researching errors or issues.
Revenues posted to the general ledger are timely and accurate.
Accounts receivable balances are timely and accurate.
Maintains documentation to support revenues and accounts receivable balances.
May assist with researching and resolving outstanding account balances.
Assists with review of Medicare, Medical Assistance and Insurance payments to identify over/under payments.
Responsible for the Medicare bad debt log preparation process.
Responsible for ensuring accuracy of logs.
Responsible for ensuring documentation supporting bad debt.
Assists the Credit and Collection Coordinator and Credit and Collections Manager with routine collection efforts on aged balances.
Assists with the reconciliation of general ledger balances to supporting documentation.
Communicate with Accounts Receivable Coordinator when actual payments received vary from recorded accounts receivable.
Communicates and responds timely to community and team member questions and issues.
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Cash Specialist
is responsible for posting received payments to proper accounts, reconciling daily cash postings to deposits per bank statement, adjusting account payments for returned checks or insufficient funds, assisting with collection efforts, and providing support for general accounts receivable tasks.
Qualifications
One to Two years’ experience in accounts receivable, preferably in healthcare, required
Prior experience working with computerized accounting systems required
Computerized claims submission systems experience preferred
Proficiency using Excel preferred
Responsibilities and Expectations
Accurately posts the cash receipts received into accounting system in a timely manner from digital images, paper copies, remittance advices and/or automatic withdrawals from residents’ accounts.
Files supporting documentation in an organized manner.
Reconciles cash postings to deposits.
Retrieve and post payments from third party payers.
Facilitates deposits of cash and/or checks into the appropriate bank account which may require limited travel to financial institutions.
Responsible for the safeguard of cash and/or checks not yet deposited.
Accepts and completes accounts receivable-related tasks as assigned.
May assist the Accounts Receivable Coordinator with reviewing the posting of revenues and researching errors or issues.
Revenues posted to the general ledger are timely and accurate.
Accounts receivable balances are timely and accurate.
Maintains documentation to support revenues and accounts receivable balances.
May assist with researching and resolving outstanding account balances.
Assists with review of Medicare, Medical Assistance and Insurance payments to identify over/under payments.
Responsible for the Medicare bad debt log preparation process.
Responsible for ensuring accuracy of logs.
Responsible for ensuring documentation supporting bad debt.
Assists the Credit and Collection Coordinator and Credit and Collections Manager with routine collection efforts on aged balances.
Assists with the reconciliation of general ledger balances to supporting documentation.
Communicate with Accounts Receivable Coordinator when actual payments received vary from recorded accounts receivable.
Communicates and responds timely to community and team member questions and issues.
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