Specialist, Cash Application

Position Summary

This position is responsible for the timely and accurate posting of payments and adjustments in accordance with department guidelines.

Our generous benefits package includes medical, dental, and vision plans; paid parental leave; short term and long term disability plans; life insurance; flexible spending accounts; and a 403(b) retirement plan which includes a 10% employer contribution after 2 years of service. RFUMS is committed to employee wellbeing and work-life balance. Full time staff are eligible for 3 weeks of vacation, 15 sick days, and 13 holidays plus two floating holidays. That is a minimum of 30 paid days off each year!

Who We Are

Rosalind Franklin University of Medicine and Science (RFU) is a graduate health sciences university committed to serving the population through the interprofessional education of health and biomedical professionals and the discovery of knowledge dedicated to improving wellness. The university embodies the spirit of inquiry and excellence modeled by its namesake Dr. Rosalind Franklin, whose Photo 51 was crucial to solving the structure of DNA.

Today, the university’s 6 colleges continue Dr Franklin’s legacy through rigorous academics, pioneering research, and innovative community service. Our unique interprofessional education model allows students to learn from and with each other in a variety of settings, including our simulation labs, the student-led Interprofessional Community Clinic, and through partnerships with area hospitals and clinics. RFU is a national leader in interprofessional research and practices, and is nationally recognized for its research in areas including neuroscience, brain-related diseases, inherited disorders, proteomics, cancer cell biology and immunology, cardiac resuscitation, and gait and balance.

Essential Duties & Responsibilities

• Timely and accurately post a high volume of insurance and patients payments and adjustments and patient and insurance refunds via electronic file, paper remittances and credit cards.

• Retrieve and post remittances from payer websites when the remittance is not available.

• Reconcile all payments to the account, remittance, and batch on a daily basis and maintain balancing spreadsheets.

• Resolve and apply unidentified receipts daily.

• Reconciliation of cash and check receipts to daily deposits.

• Update and maintain all logs and spreadsheets used for reconciliation.

• Research all payer and patient credits to determine if a refund is due.

• Post refund checks issued by accounting for overpayments.

• Maintain and follow adopted internal controls.

• Maintain an acceptable error rate within department policy.

• Research unidentified payments and or recoupment to determine the appropriate resolution.

• Identify issues with billing and coding and reimbursement related to payment reconciliation and communicate with supervisor.

• Offer input and maintain reporting requirements relative to Cash Applications spreadsheets.

• Other duties as assigned.

Conditions of Employment

• Must achieve satisfactory results from a background check

• Compliance with the current COVID-19 vaccination policy

Required Education & Experience

• High School Graduate or General Education Degree (GED)

• Two years Cash Applications experience in a medical setting is necessary.

Required Knowledge, Skills, & Abilities

• Strong organizational skills.

• Ability to read and interpret payer remittance

• Advanced computer proficiency including Microsoft Excel.

• Ability to work independently and meet critical deadlines.

• Ability to perform tasks that require a basic understanding of accounting and math skills.

• Excellent verbal and written communication skills.

• Knowledge of health care billing/coding practices, regulations, and laws.

• Ability to plan, prioritize, and complete delegated tasks.

Preferred Qualifications

• Experience with Athena.

• Good follow-up skills.

• Strong attention to detail.

Typical Physical Demands & Working Conditions

• Selected candidate must have the mental and physical capabilities to perform the essential functions of the position with or without reasonable accommodations.

EOE, Including Disability / Vets