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Cash Posting Specialist in Indianapolis, IN at Vaco

Date Posted: 6/12/2018

Job Snapshot

Job Description

Our Client Located in South Indianapolis is looking for a Cash Poster for a Contract Opportunity!

Position Summary:

Cash Posting Representatives are responsible for the Medical Center daily bank deposit and for inputting payment and adjustment data onto patient accounts, processing electronic remittances, and posting all miscellaneous cash receipts onto general ledger accounts.

Essential Job Results:

  • Posts all payments and adjustments to the specified patient account in accordance with the current policy and procedure.
  • Reviews scanned documentation to identify contractual amounts, denials or payment adjustments that require posting to patient accounts.
  • Provides reports as required by Management and Accounting as requested.
  • Works to identify the appropriate account for unidentified cash and ensures that all such cash is posted or that a refund is requested within the currently established timelines.
  • Reports any amounts that have been deposited to the incorrect bank account to the supervisor and to the Accounting Department upon discovery.
  • Assists in the research and correction of posting errors
  • Posts payments received at satellite clinics to the financial system.
  • Processes electronic remittances and balances to wire transfer as appropriate.
  • Transfers charges on patient accounts as instructed.
  • Maintains unapplied cash.
  • Processes returned checks and late fees to patient accounts.
  • Assists with processing and posting inter-organizational refunds.
  • Establish and maintain proficient level of system knowledge
  • Maintains follow-up procedures and working relationships with area responsible for the information, including; Medical Records Department, Patient Access, and/or physicians.
  • Documents activity in an accurate and timely manner on the patient's account.
  • Maintains proficiency and level of knowledge with all systems required for task completion.
  • Ensures compliance with all state and federal billing regulations and reports any suspected compliance issues to your respective Manager/Supervisor and Education/QA Manager.
  • Works with supervision, management and the patient accounting staff to improve processes, increase accuracy, create efficiencies and achieve the overall goals of the department.
  • As requested, participates in general or special assignments.
  • Attends required training. Completes on-line training as assigned.
  • Attends meetings with payer representatives and/or vendors to address outstanding issues.


Required:High school graduate or equivalent

Preferred:Associate degree, banking or hospital cashiering experience or PFS certification

Experience & Skills:

Required: Minimum of 2 years in Patient Accounting, specifically billing, collections, customer service, or cash application; Able to communicate clearly and professionally; possess strong organization and time management skills, and have excellent interpersonal, verbal, and written communication skills; extensive experience with computers, Patient Accounting / EDI/ Payer sites, and other peripheral systems in use on the CBO, office support programs, and normal office equipment (telephone, fax, copier, voice mail, etc)

Preferred: Working knowledge of Microsoft Office Applications, Medical and Managed Care Contract terminology, and demonstrated knowledge of Revenue Cycle procedures.