Cash Applications Specialist

Description

About Providence Anesthesiology Associates

Headquartered in Charlotte, North Carolina, Providence Anesthesiology Associates (PAA) is an independent physician owned practice compromised of over 100 anesthesiologists. Founded in 1991, PAA provides anesthesia and perioperative care at numerous healthcare facilities throughout North and South Carolina, serving more than 150,000 patients annually.

Why work for PAA?

PAA continues to experience impressive growth and success. Our anesthesiologists are among the most elite in their field.

Our physicians are committed to providing the best culture and experience to their employees. Awarded one of the Top Workplaces in 2021, PAA’s core values include commitment, accountability, performance, integrity, transparency, adaptability, and leadership. We do what’s right and don’t compromise.

What’s in it for you?

• Strong workplace culture. We care about each other as people. We build relationships and connections beyond the time spent on the job. We offer a supportive, highly team-oriented work environment.
• We provide competitive total rewards including salary, benefits – Day 1, retirement, profit sharing, life insurance, paid time off, holidays, education reimbursement, employee recognition for birthdays and anniversaries, fun team building events, and more.
• We want you to succeed and our employer to employee relationship is proven to help you reach your goals and the goals of PAA.

SUMMARY: The Cash Applications Specialist is responsible for the timely processing and posting of insurance and patient payments, assisting intra-departmental staff to resolve accounts, daily auditing of claims paid by insurance carriers to insure correct payment daily bank deposits, and reviewing expected payment performance to ensure the accuracy of payments. The position requires strong analytical skills, attention to detail, and a commitment to producing quality work.

Requirements

Essential Duties and Responsibilities

Duties include but are not limited to:

• Identifies and resolves posting discrepancies; reviews, approves, and prepares adjustments and/or refunds as necessary.
• Identifies system and/or carrier issues, reports them to management for review, and follows up on escalated issues.
• Posts insurance payments including all bill types and corresponding contractual adjustments to patient accounts.
• Researches unidentified payments, missing information requests, and insurance recoupments to ensure accuracy of transactions.
• Fulfills missing information requests for off-shore vendor in a timely manner.
• Produces and distributes miscellaneous Cash Applications reports.
• Performs end-of-month close review and preparation.
• Initiates insurance carrier appeals for underpaid and/or overpaid claims and follows up on appeal requests.
• Ensures compliance with all Health Insurance Portability and Accountability Act (HIPAA) standards.
• Performs other duties as required or assigned within the scope of responsibility.

Minimum Qualifications

To perform this job successfully an individual must be able to perform each essential duty to a satisfactory standard. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education: High school diploma required. Associates degree preferred.

Experience: Over one (1 ) year of experience in healthcare billing or accounting is preferred.

License/Certification: N/A.

Language Skills: Demonstrated ability to exercise professional oral and written communication skills with all internal and external audiences.

Computer Skills: Experience with medical billing software systems is required. Strong Microsoft Excel skills is required. Proficiency in Microsoft Outlook, Word, and PowerPoint is also required.

Reasoning Ability: Ability to organize and manage personal workload. Ability to achieve and maintain strong working knowledge of anesthesia billing operation practices. Ability to develop and execute process improvement plans.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by any employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, stand, walk, use hands to finger, handle, or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee must occasionally be able to work in a standing position for long periods of time and up to the entire shift. Travel is primarily local during the day, although some out-of-area and overnight travel for conferences may be required. Air travel may also be required.

What else should you know?

Providence Anesthesiology Associates is an equal opportunity employer and does not tolerate discrimination based on any protected status.

PAA participates in E-Verify. E-Verify is an internet-based system that compares the information you provide on the Form I-9 with information from the Social Security Administration and Department of Homeland Security records.

PAA Strong!