Cash Applications Specialist

  • Job ID:

    2025

  • Pay rate range:

    $14/hr - $16/hr

  • City:

    Brockton

  • State:

    Massachusetts

  • Duration:

    09/18/2019 - 12/18/2019

  • Job Type:

    Contract

  • Job Description:

    Pay: $14-$16

    Duration: 3+months

    A large pharmacutical company is seeking a Cash Applications Specialist for a 3+month project located in Brockton, Massachusetts:

    Summary

    Responsible for reviewing unclaimed payments reversed or removed from claims and determine the appropriate action to reconcile the payment unclaimed by 3rd Party Payers.  

    • Main function will be to evaluate older entries in Unapplied Cash – by payer groups – to determine a root cause issue that resulted in the claims payment to be moved to Unapplied Cash; especially those that have not been recouped by the payer. 

    • Associate may need to initiate refunds, provide detailed spreadsheets, research Provider Line Balance or provide other information to 3rd Party payers that will result in a successful reconciliation of funds. 

    • Ensures cash is posted accurately and timely in accordance with the cash processing center standards through the AS400.

    • Researches and determines reasons and patterns of payments to unapplied cash accounts.

    • Communicates with 3rd Party Payers, vendors, collection centers, internal departments and potentially pharmacies to achieve appropriate posting or reconciliation of cash.

    • Tracks and reports daily and weekly productivity, as well as, maintains a tracking system to ensure communicated issues are resolved and completed timely.

    • Performs other tasks as assigned.

     

    Position Qualification

    • Desired: Associate’s Degree, Bachelor’s Degree

    • Required: 3 years 3rd Party billing, reconciliation, adjudication, etc

    • Desired: Third Party Billing or collections/billing experience in the healthcare industry

    • AS-400 computer experience and banking or cash reconciliation experience

    #PCO, #PHARMA

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