Cash Application Analyst - Media, PA

POSITION SUMMARY: The Cash Application Analyst supports the treasury & revenue cycle department (RCM) by applying everyday resident, patient, as well as non-patient payments, which are received either by bank ACH/wire transmission or by check, and reconciling those postings to the daily bank activity report. This position posts all incoming payments to correct patient as well as non-patient accounts on a daily basis and reconciles accounts daily.

DUTIES AND RESPONSIBILITIES:

• Ensure accurate daily application of patient & non-patient cash received through CCP/Profiler and State-based billing applications
• Ensure timely application of cash when received
• Prepare reconciliation on a daily basis of Electronic Fund Transfers postings
• Prepare reconciliation on a daily basis to specific CCP/Profiler and State based reports to ensure accuracy of daily posting
• Provide detailed remittance advice to designated denial management specialist by program
• Work with Finance and RCM colleagues in reducing and resolving credit balance issues
• Make clear legible notes in Profiler pertaining to any refund efforts made on accounts (future state functionality)
• Ensure maintenance of Excel bank activity manual spreadsheet process provided by treasury department
• As cash is posted, communicate weekly with program accountants
• Working with Finance staff and other colleagues, research and correct any issues with unapplied cash
• Research, analyze and communicate issues within the cash application process. Make recommendations for improvement when and where applicable
• Assist with special requests, as needed
• Perform other duties as needed

IMMEDIATE SUPERVISOR: Manager Accounts Receivable

DIRECT REPORTS: None

CONTACTS: Elwyn personnel, third party payors, and community

EDUCATION/EXPERIENCE/SKILLS REQUIREMENTS:

• High School diploma or equivalent. Associate's degree in business, finance field preferred. Equivalent years of directly relevant years of experience will be considered in lieu of degree
• Two (2) years prior Cash Applications preferred
• Knowledge of the revenue cycle and/or regulatory requirements as they relate to the billing and collections for all third-party insurance and State based payors as well as the cash application component for the various program/service lines contained within Elwyn and the revenue cycle is preferred
• Knowledge and experience in nonprofit human services settings preferred
• Ability to work in a fast-paced environment and manage and prioritize multiple, often competing, priorities
• Demonstrated ability to work effectively as part of a team
• Demonstrated strong attention to detail
• Demonstrated strong time management and organizational skills
• Demonstrated excellent judgment with the ability to solve problems and make decisions with oversight and review of direct supervision
• Demonstrated ability to anticipate future needed changes or identify problem areas and take effective actions under direct supervision
• Must possess excellent customer interaction, collaboration, presentation, and written and verbal communication skills
• Demonstrated basic experience with Microsoft Office applications, including Word and Outlook; intermediate level experience with Excel; PowerPoint and report-writer experience preferred
• Experience using/knowledge of Electronic Health Record (EHR) / Electronic Medical Record (EMR) preferred
• Demonstrated strong attention to detail

PHYSICAL DEMANDS/ENVIRONMENTAL PROFILE: See Physical Demands Checklist below which represents the general physical demands and environment conditions to which the employee holding this position must meet, in addition to the duties and responsibilities listed above, to successfully perform the essential functions of this job. Elwyn will engage otherwise qualified candidates for this position whose disabilities may require reasonable accommodations to enable an individual to perform the essential functions.

Elwyn reserves the right to revise or change job duties and responsibilities as needed. This job description is not intended to be an all-inclusive statement of duties and responsibilities of the job nor does it constitute a written or implied contract.

Elwyn is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation and identity, gender identity, national origin, citizenship status, genetic information, disability status, military or veteran status, marital or family status, political activities or affiliations, or any other characteristic protected by local, state, and federal law.