AMVETS Jobs

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/11795153 By joining our team, you\'ll be part of our life-changing Mission and Vision. You\'ll work in a truly inclusive environment where diversity and equity are championed through words and actions. You\'ll contribute to an innovative culture that is second to none, one that embraces curiosity, discovery and compassion. You\'ll play a role in something that\'s never been done before as we integrate science and clinical care to help patients achieve better, faster outcomes - as we Advance Human Ability, together.

Job Description Summary

The Cash Applications 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, and Commitment to Excellence) while fulfilling job duties.

Job Description

The Cash Applications Specialist will:

• Identify and import all electronic remittances daily.
• Analyze and process all hospital payments received within the hospital, via the mail, or from the electronic bank lock box.
• Post contractual allowances from EOB\'s per current contract terms.
• Post non-payment EOB\'s received from Payors using the appropriate transaction codes.
• Post and reconcile all electronic postings for applicable Payors. Transfer MD payments from accounts to MSRIC
• Reconcile unidentified accounts weekly to avoid payments remaining in the account longer than 15 days.
• Perform daily audit to ensure all activities from lock box, vouchers and Cashier\'s Office (live checks and credit cards) are balanced.
• Complete 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.
• Research and respond to interdepartmental and external departments on issues related to cash applications.
• Work with the Finance department each month to ensure all payments posted in the prior month balances to the General Ledger.
• Participate in/assist with quality management process(es) to identify and improve cash posting procedures.
• Perform all other duties that may be assigned in the best interest of the Shirley Ryan AbilityLab.

Reporting Relationships

• Reports directly to the Supervisor, Cash Applications

Knowledge, Skills & Abilities Required

• High school diploma or equivalent required or 1 - 3 years of direct experience with Accounts Receivable hospital cash applications.
• Ability to complete mathematical calculations in order to complete required analyses and reports.
• 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).
• Interpersonal skills needed to explain accounts to employees and managers.
• Communication and interpersonal skills necessary to interact with internal/external customers in various circumstances.
• Ability to collaborate effectively in a team setting in order to maximize quality and efficiently of operations.
• Excellent organizational and time management skills. Ability to establish and meet deadlines while managing multiple priorities.

Working Conditions

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.

Equal Employment Opportunity

ShirleyRyan AbilityLab 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.