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Revenue Cycle Associate - Cash Applications

Company: The Stamford Hospital
Location: Stamford
Posted on: November 19, 2021

Job Description:

Stamford Health is committed to preventing the spread of infectious diseases and cares about your health and the health of our employees. To that end, if you are invited to interview in one of our offices/campuses, and you or a member of your family and/or significant other is experiencing symptoms (i.e. fever, coughing or other respiratory symptoms), or you simply don't feel well, please inform the HR Representative immediately so we may schedule your interview for a later date. When arriving on our campus or site whether for an interview or to begin your employment with us, please note it is imperative you abide by CT State Guidelines on Travel Advisory which can be found here https://portal.ct.gov/Coronavirus/Travel. Please schedule accordingly and update your HR Representative immediately to make any necessary arrangements/adjustments to scheduling. For on-site interviews, candidates are requested to wear a medical face mask (not cloth) due to Stamford Health's universal masking policy. About Stamford Health Stamford Health is a non-profit independent healthcare system with more than 3,500 employees committed to compassionately caring for the community and offering a wide-range of high-quality health and wellness services. Patients and their families can rely on comprehensive person-centered care through the system's 305-bed Stamford Hospital; Stamford Health Medical Group, with more than 30 offices in lower Fairfield County offering primary and specialty care; a growing number of ambulatory locations across the region; and support through the Stamford Hospital Foundation. Stamford Health is also a major teaching affiliate of the Columbia University College of Physicians and Surgeons. Dedicated to being the community's most trusted healthcare partner, Stamford Health puts patients first to build long-lasting relationships. For more information, visit StamfordHealth.org. Like us on Facebook and follow us on Twitter, YouTube, and Linked In. JOB SUMMARY: The Revenue Cycle Specialist is responsible for supporting Cash Applications team: Cash Applications: entering patient and insurance payments, contractual allowances, denials, correspondence, and other adjustments into the medical group's practice management system; balancing and reconciling posting batches; and participating in month-end close MAJOR ACCOUNTABILITIES/CRITICAL RESPONSIBILITIES: Cash Applications Focus: * Effectively posts insurance/patient payments, remittances, and correspondence to respective patient invoices, and when appropriate, transfers remaining balances to the next responsible parties. * Understands and interprets insurance Explanations of Benefits (EOBs). * Processes and posts electronic remittance advices. * Balances and reconciles each batch, using control mechanisms in accordance with policy. * Documents and notes all actions taken regarding patient accounts. * Responds professionally to all billing/cash-related calls and questions from internal customers within 3 business days. * Coordinates account resolution with accounts receivable team if and when appropriate. * Accurately documents patient accounts of all actions taken. * Establishes and maintains a professional relationship with all SHMG staff in order to resolve problems and increase knowledge of account management. * Maintains standards set by management. * Apprises management of concerns as appropriate. * Informs management, as appropriate, regarding backlogs and time available for additional tasks. * As necessary, negotiates a work improvement plan with management to raise work quality and quantity to standards. * Required Skills Required Skills: QUALIFICATIONS/REQUIREMENTS: * Associate's degree or medical billing certification preferred. CPC preferred. * 3+ years of experience working in a multispecialty group practice, healthcare system with an ambulatory focus, or academic medical center. * 3+ years of experience working with a medical office/hospital accounts receivable system. * Extensive knowledge of insurance payer reimbursement, collection practices, and accounts receivable follow-up. * Demonstrates overall knowledge of claims processing for various insurances, including private and governed. * Comprehensive knowledge of ICD-10, CPT, and HCPCS coding.

Keywords: The Stamford Hospital, Stamford , Revenue Cycle Associate - Cash Applications, Accounting, Auditing , Stamford, Connecticut

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