Cash Application Specialist - AZ - Clinic Finance

Cash Application Specialist - AZ - Clinic Finance

Join to apply for the Cash Application Specialist - AZ - Clinic Finance role at Midwestern University

The Cash Application Specialist is responsible for completing all payment posting to patient accounts, reconciling payments and shortages for both paper and electronic EOBs. This position reports to the Manager of Patient Accounts.

• Analyze and interpret information on Remittance Advice (RA)/Explanation of Benefits (EOB)
• Accurately apply lock box and electronic remittance payments to the appropriate patient claims and/or accounts in the billing system
• Enter primary payer contractual adjustments according to fee schedules
• Enter accurate reimbursement and transaction codes and adjustments for contractual and bad debt categories
• Balance all posted amounts to check and batch amount; troubleshoot as necessary; resolve any out‑of‑balance transactions
• Research difficult remittance advices for resolution to avoid posting to the unapplied account
• Review credit balance report to initiate refund requests for both patient and insurance refunds
• Ensure payments and adjustments are posted timely prior to month‑end closing
• Note all payer rejected claims into billing system from EOBs
• Use relevant functions of various billing and patient practice management systems
• Ensure that federal and state collection/follow‑up requirements and regulations are achieved
• Implement changes directed by regulatory agencies
• Identify key issues and take appropriate action to ensure revenue maximization on individual accounts
• Perform system maintenance on autoposting functions to ensure accurate posting of electronic remittance advice
• Answer patient questions, inquiries, and concerns regarding their accounts
• Other duties may be assigned

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• High school diploma or GED required.
• Minimum 3‑5 years of accounts receivable experience in a healthcare setting or medical office.
• Experience working with Explanation of Benefits (EOB) forms and understanding of adjustments based on fee schedules.
• Strong attention to detail, accuracy, and proficiency with numbers.
• Efficient ten‑key calculator skill and excellent analytical abilities.
• Ability to find and correct errors with minimal assistance.
• Good verbal and organizational skills.

Computer proficiency in MS Office (Word, Excel, Outlook).

The employee must occasionally lift and/or move up to 25 pounds.

The noise level in the work environment is usually moderate.

Midwestern University offers a comprehensive benefits package including medical, dental, vision insurance, life insurance, short/long term disability, pet insurance, flexible spending accounts, 403(b) retirement plan, tuition reimbursement, child care subsidy reimbursement, identity theft protection, and employee assistance program.

Midwestern University is an Equal Opportunity/Affirmative Action employer that does not discriminate against an employee or applicant based upon race, color, religion, creed, national origin or ancestry, ethnicity, sex (including pregnancy), gender (including gender expressions, gender identity, and sexual orientation), marital status, age, disability, citizenship, past, current, or prospective service in the uniformed services, genetic information, or any other protected class, in accord with all federal, state and local laws, and regulations.

Midwestern University complies with the Smoke-Free Arizona Act and the Smoke Free Illinois Act.
Midwestern University complies with the Illinois Equal Pay Act of 2003 and Arizona Equal Pay Acts.