Cash Posting Job Description

Cash Posting Job Description

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Cash posting provides subject matter expertise regarding specific payors to revenue cycle associates and others throughout the CBO in accounts receivable follow-up, billing, denials and/or underpayments.

Cash Posting Duties & Responsibilities

To write an effective cash posting job description, begin by listing detailed duties, responsibilities and expectations. We have included cash posting job description templates that you can modify and use.

Sample responsibilities for this position include:

Coordinates processing and posting of all payments from FH Systems, (including cash and mail receipts) accurately within established department standards
Remove barriers to selling and improve service delivery by establishing service expectations/standards
Inputs, retrieves, and modifies information and data stored in computerized systems and programs
Maintain working knowledge of workflow, systems, and tools used in the department
Balances all posted amounts to check and batch amount
Post payment corrections, payment transfers, NSF’s, inter-facility transfers
Payroll deductions and any other cash transactions for A/R accounts according to
Established guidelines
Performs additional duties as assigned or deemed necessary
Develop and communicate a uniform sales vision throughout the bank by directing a cohesive, integrated sales team, establishing and communicating expectations, working closely with Commercial Real Estate leadership and relationship managers

Cash Posting Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Cash Posting

List any licenses or certifications required by the position: SBO, HFMA

Education for Cash Posting

Typically a job would require a certain level of education.

Employers hiring for the cash posting job most commonly would prefer for their future employee to have a relevant degree such as Associate and Bachelor's Degree in Associates, Education, Accounting, Business, Healthcare, General Education, Management, Technical, Finance, Healthcare Administration

Skills for Cash Posting

Desired skills for cash posting include:

Word processing
Spreadsheet and email applications
Government regulations as applicable to assigned function
Industry
Internal
Systems
Standards
Computer billing systems
Revenue cycle
Basic medical coding/terminology and third-party insurance operating procedures and practices

Desired experience for cash posting includes:

Provide creative input to Treasury Management’s overall strategy
Translate sound sales concepts/programs into action plans and relevant value propositions that focus on various customer groups
Direct Treasury Management sales initiatives including input on product offering, marketing, and delivery
Assists Treasury Management Sales Advisors with developing and maintaining customer relationships through sale of Deposit and Treasury Management products
Facilitate interaction between bank support areas (such as Corporate Education, Segmentation Management, Marketing, and Market Operations) and the field
Establish sales discipline, activities, and expectations

Cash Posting Examples

1

Cash Posting Job Description

Job Description Example
Our company is looking for a cash posting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cash posting
  • Coaches and effectively manages Cash Management executives on team through 10/10’s and regular team meetings
  • Align training, objectives, monitoring, and incentives with Treasury Management and Bank objectives
  • Review sales management reports that reflect activities and financial results in order to monitor impact of various initiatives on sales results
  • Assists Relationship managers in understanding treasury management product risk and ensuring credit policies are applied throughout the sales cycle
  • Provide input on rewards for performance and celebration for success by through sales force compensation and incentive plans
  • Responsible for maintaining the workflow/scheduling, employee counseling and performance problems/resolutions, preparation of the annual employee review(s), determining and fulfilling training needs, interviewing and recommending new hires, promotions, demotions, terminations and salary adjustments
  • Reviews copies of third party reimbursement vouchers to determine if there are adjustments taken by the third party payors and confirm if appropriate
  • Accurately posts deposits and adjustments to patient accounts
  • Performs patient account research and follow up
  • Balances all cash transactions on daily basis and at month end close
Qualifications for cash posting
  • Resolves any variance for current and previous months
  • Distributes and/or scans remits and correspondence in a timely manner
  • Proactively reports issues or concerns effecting the collection efforts for the facilities to CBO Supervisor
  • Works as a liaison between the Cash Posting staff and other SSC staff
  • Identifies staffing needs and communicate those needs to the Controller
  • Screens, interviews, and hires new employees
2

Cash Posting Job Description

Job Description Example
Our growing company is looking for a cash posting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cash posting
  • Performs annual evaluations for cashiering staff
  • Assures compliance with SSC policies and procedures
  • Receives, posts and balances cash
  • Balance electronic and manual cash receipts through the generation and analysis of necessary reports
  • Under limited supervision, post complex electronic and manual cash receipts, adjustments and denials
  • Balance electronic and manual posted cash receipts through the generation and in-depth analysis of necessary reports
  • Resolve pending or escalated issues such as variance or balancing issues
  • Utilizes tools, including computer programs, when indicated
  • Provides excellent customer service and timely response to questions and issues related to benefits, billing, claims, payments, etc
  • Utilizes various databases and specialized computer software for financial care activities including eligibility verifications, pre-authorizations, medical necessity, review/updating of patient accounts, etc
Qualifications for cash posting
  • Recent graduates from a Medical Billing or Medical Office Administration program must have at least a 3.5 GPA and an attendance record of 95% or better
  • Establishes plans (patient liabilities, payment, ) and conducts follow up activities related to those plans
  • Explains charges, answers questions, and communicates a variety of requirements, policies, and procedures regarding patient financial care services and resources to patients, staff, payors, and agencies
  • Works with Claims and Collections (both internally and with collection agencies) in order to assist patients and their families with billing and payment activities in order to increase cash flow
  • Bi-lingual strongly preferred, required in some positions
  • Demonstrated organizational skills and the ability to prioritize and manage tasks based on established criteria
3

Cash Posting Job Description

Job Description Example
Our innovative and growing company is looking for a cash posting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cash posting
  • Post all payments and adjustments to the specified patient account
  • Review scanned documentation to identify contractual amounts, denials or payment adjustments that require posting to patient accounts
  • Assist in the research and correction of posting errors
  • Process electronic remittances and balances to wire transfer as appropriate
  • Post and balance all cash received from all Series sources against the DCL daily
  • Maintain the suspense account and resolve issues within 3 days
  • Assist other departments as needed to resolve unidentified deposits
  • Assist the Accounting Department
  • Resolve Loan recourse and recoupment invoices by the end of the month in which they are received
  • Balance all CPA remittances in the Remittance View prior to posting
Qualifications for cash posting
  • Previous work experience in an office environment required
  • Ability to work independently with minimal supervision, within a team setting and be supportive of team members
  • Ability to analyze issues and make judgments about appropriate steps toward solutions
  • One year of Epic experience preferred
  • Ability to communicate with patients and families under sometimes stressful circumstances
  • Experience with electronic health record or similar software program
4

Cash Posting Job Description

Job Description Example
Our company is searching for experienced candidates for the position of cash posting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cash posting
  • Meet all “End of month” requirements and departmental performance standards
  • Process all payments received by insurance companies in the form of a credit card via the virtual terminal and post to the appropriate patient level encounters
  • Employee will be held to a high level of confidentiality & integrity in regards to accessing Florida Hospital bank accounts
  • Track payments on various spreadsheets such as, lockbox, CPA and any other assigned statistical data
  • Monitor SSI/HARP remittance computer screens daily to ensure processing and posting of the remittances
  • Post all deposits received from various entities
  • Prior hospital billing or banking experience (Preferred)
  • Post and balance all payments and contractual adjustments received in an accurate and timely manner in compliance with departmental policies and procedures
  • Post all zero-pay Explanation of Benefits (deductibles)
  • Post appropriate denial and other reason codes
Qualifications for cash posting
  • Knowledge of applicable federal and state regulations
  • Exerting up to 10 pounds of force occasionally (up to 1/3 of the time) and/or
  • A negligible amount of force frequently (1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body
  • 3+ years of experience as a Sr
  • 1+ years of Healthcare Cash Posting experience
  • Microsoft Excel experience with the ability to pull data from a spreadsheet, sort, filter, and basic formulas
5

Cash Posting Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of cash posting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cash posting
  • Appropriately research and/or forward any payment needing additional information
  • Meet and maintain established departmental performance metrics for production and quality
  • Develop reports and tools as required to monitor daily productivity and workflow to assure staff is operating at peak performance levels in all areas
  • Oversee and post all payments and adjustments to the specified patient account
  • Provide reports as required my Management and Accounting as requested
  • Work to identify the appropriate account for unidentified cash and ensure that all such cash is posted or that a refund is requested within the currently established timelines
  • Review and assist with posting of payments received at satellite clinics to the financial system when needed
  • Review and assist with posting of patient account adjustments
  • Monitor and assist with the processing electronic remittances and balances to wirte transfer as appropriate
  • Monitor and assist with payment transfers on accounts as needed
Qualifications for cash posting
  • Basic skills - demonstrates ability to organize, perform and track multiple tasks accurately in short timeframes
  • Must possess two (2) years experience related to cash posting, preferably in a health care environment
  • Experience in health care accounting preferred but not required
  • Must posses the ability to review and interpret remittance advices
  • Must be able to prioritize, organize and delegate assignments
  • College degree and/or minimum of 4 years healthcare supervisory experience

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