Supervisor-Cash Applications-North suburbs of Chicago

• Utilizes daily banking and system reports to reconcile cash posted against remittance advice and bank deposits at the department level. Monitors team’s batches and assists with individual reconciliation ensuring department-level daily reconciliation.
• Assigns payer remittance, explanation of benefits, lockbox deposits, and daily cash to Cash Specialists to post daily. Ensures assigned remittance is posted electronically and unmatched payments are resolved. Utilizes the daily bank report to reconcile posted batches.
• Manages the lockbox correspondence by assigning batches for processing ensuring payer correspondence is processing accurately and timely.
• Develops, implements, and revises standard operating procedures for all cash application functions—partners with the Training Team to develop department training.
• Oversees and completes payer EDI applications to transition payers from paper checks to ACH deposits and 835 remittances. Monitors remittances for payers who charge additional fees and converts payers to paper checks/lock boxes.
• Meets target posting timelines to close each month timely within a minimal number of business days. Communicates and monitors team productivity to ensure target timelines are met.

Qualifications

Education and Experience:

• Bachelor’s degree in healthcare, business, or finance required.
• 5+ years of experience as a professional healthcare or medical group provider in accounts receivable or cash applications in a Supervisor or Manager position.
• 3 + years of experience with CMS1500 claims form and 837/835 electronic transaction sets.
• XIFIN laboratory revenue cycle system experience preferred.

Supervisory Responsibilities:
Supervises 4-8 Cash Application and Correspondence Specialists
Extended hours are required to meet month-end timelines