Job description
JOB SUMMARY
The Cash Application Specialist is responsible for the record of all monetary transactions between Life Flight Network and its customers including daily application of customer payments. This position will work closely with the revenue cycle team to efficiently resolve all cash application issues.
QUALIFICATIONS/EXPERIENCE
- Minimum of 5 years of cash application experience.
- Preferred experience in medical billing with knowledge of explanation of benefits (EOB) and remittance advices.
- Ability to accurately apply cash receipt payments, with multiple remittances, to patient account balances.
- Reconcile daily cash posting to bank lock box reporting.
- Work directly with the accounting team to reconcile any differences from the bank and accounting records.
- Very strong computer skills, ability to navigate, learn and master core billing ERP system.
- 5+ years of data entry experience, with high attention to detail and accuracy.
- Working knowledge of Microsoft Office Suite, with an emphasis in Word and Excel (graphs, VLOOKUP, pivot tables).
- Excellent written and verbal communication skills and an ability to communicate clearly and concisely.
- Ability to work in fast paced environment; provide vision and the ability to execute goals and objectives.
- Strong interpersonal skills and the ability to communicate across the company to all levels of the organization and with external customers.
- Ability to multi task, able to prioritize tasks by levels of importance and urgency.
- High customer service standards; possess a ‘Can do’ attitude, willingness to ‘dig in’ as and where needed, working independently.
GENERAL ACCOUNTABILITIES AND ESSENTIAL FUNCTIONS
Compiles daily remittances and bank-reconciliation reports.- Application of daily cash receipts to appropriate patient balances.
- Resolve and apply any unapplied daily cash receipts.
- Preparation of miscellaneous bank deposits.
- Prepares and processes membership payments.
- Accurately and efficiently input cash receipts data, determining funding codes for processing, entering batches within ERP database.
- Accurately identify denials/partial payments, and any other payment discrepancies and route to supervisor and/or accounting department for reconciliation
- Ability to research and apply federal and state mandated laws and regulations regarding fee schedules.
BENEFITS
- LFN offers competitive compensation above industry standard
- Medical (Company pays for employee 100%)
- Dental (Company pays for employee 100%)
- Vision (Company pays for employee 100%)
- Life/AD&D (Company pays for employee 100%)
- Short & long term disability (Company pays for employee 100%)
- 401k – with 100% vested employer contribution
- Tenure bonuses
- Adoption assistance
- Paid parental time off
- Bereavement leave (including pets)
- Tuition/Training reimbursement
- Paid volunteer time
- Employee Recognition Awards
- A generous paid time off plan starting at almost 4 weeks a year for full time employees
- Wellness Reimbursement Program
- Life Flight Network Membership
- Dog friendly work environment
All candidates are subject to drug screening and background investigation.
Life Flight Network is an equal opportunity employer.
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