Accounts Receivable Specialist

Overview

We are looking for an Accounts Receivable Specialist to join our team at Bancroft in Cherry Hill, NJ. This position is 4 days in the office, 1 remote.

At Bancroft, we rely on a meticulous financial system to drive our organization forward. Our accounts receivable department keeps that system running smoothly by managing cash influx and collecting payment from Funders/Insurance payers. The accounts receivable specialist will have both a day-to-day understanding of the daily billing and collection activities which have an ongoing impact on financial transactions, keeping us on track, on time, and on good terms with our valued Funders/Insurance payers.

• Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
• Communicate discrepancies to management, identify slow-paying Funders/Insurance payers, and recommend collection candidates.
• Assist in streamlining the accounts receivable process by identifying areas for performance improvement.
• Monitor and collect accounts receivable by contacting Funders, Insurance payers, Client or Individual served via telephone, email, and mail.
• Strengthen and grow relationships with Individual served/Clients by communicating pastdue accounts.
• Exercise integrity and confidentiality in financial reporting, and comply with national and local financial requirements.
• Performs other related billing and collection responsibilities as required. Remains flexible and adaptable in work schedule and assignments as defined by organizational and department needs.
• Assist director with any billing and A/R research reporting and projects.
• Supports the resolution of issues at the earliest stage of the billing process, including resolution of rejected claims to ensure payment of all claims meeting eligibility requirements.
• Performs financial communications to all Individual served/clients’, and Funder/Insurance representatives’ inquiries relating to insurance coverage for services, eligibility issues, Individual/client responsibility, balance resolution and other inquiries relating to coverages and services.
• Identifies, researches, and resolves differences in payment versus expected payment from third party payers, if situations arise.
• Able to evaluate, understand and explain an insurance explanation of benefits in an effort to support Individual served/Clients’ interpretation of coverage and potential financial exposure.
• Abides by the Bancroft Code of Ethics, Mission Statement, and Vision Statement in promoting ethical behavior, establishing relationships and providing guidance in decision making situations.
• Remains current with required training certifications, meets state-regulated licensing and regulatory accreditations, and adheres to mandatory requirements.
• Willingly and effectively cooperates with Bancroft, The Department of Human Services, The Division of Developmental Disabilities (DDD), and other Pennsylvania and Delaware licensing or state agencies or local municipalities in any inspections and investigations, upon request.
• Maintains a safe and respectful environment, free of abuse, neglect, or exploitation; does not allow weapons, threats, bullying or intimidation.
• Reports any violations of Bancroft policy and procedure to the appropriate individual as soon as the incident occurs.
• Demonstrates Bancroft’s core value of Respect in the performance of position

HS diploma, with a certificate or associate’s degree in Health Care Reimbursement preferred and demonstrated experience of at least three (3) years in reimbursement and/or funding required.

The successful applicant will be proficient in Excel, and other Microsoft Applications, including Word and PowerPoint. Salesforce experience is a plus. Ability to learn and effectively utilize internal billing systems, clearinghouse sites and various payer portals is required. Special

Skills:

Customer service oriented with a focus on problem resolution and good outcomes for internal and external stakeholders. Excellent interpersonal skills and demonstrated strength in written and verbal…