Cash Applications Specialist

Overview

Join to apply for the Cash Applications Specialist role at Bio Matrix Specialty Infusion Pharmacy
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Base pay range: $24.00/hr - $26.00/hr
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This range is provided by Bio Matrix Specialty Infusion Pharmacy. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Schedule &

Location:

Monday Through Friday From 8am Eastern Standard Time To 5pm Eastern Standard Time. It is anticipated that an incumbent in this role will work on-site at our corporate office in Plantation, FL.

Introduction / Company Overview
Bio Matrix is a nationwide, independently-owned infusion pharmacy with decades of experience supporting patients on specialty medication. Our compassionate care team helps patients navigate the often-challenging healthcare environment. We treat our patients like family and get them started on therapy quickly. We work closely with them as well as their family and their healthcare providers throughout the patient journey, staying focused on optimal clinical outcomes.

Our Inclusion, Diversity, Equity, & Access (IDEA) philosophy emphasizes a welcoming space where everyone’s contributions are acknowledged and celebrated. We aim to attract and retain diverse, high-performing individuals.

• The Pharmacy Cash Applications Specialist is responsible for day-to-day, prompt and proper daily reconciliation of major medical and pharmacy claims payments for AR-related accounts.
• Maintain the integrity of cash and A/R transactions to ensure maximum efficiency and accuracy of accounts receivable balances.
• Process ERA, EFT, Lockbox transactions; maintain petty cash; ensure adherence to cash-related procedures and financial control policies.
• Post payments and adjustments both electronically and manually.
• Daily scanning of batches as applicable.
• Process and apply all daily cash receipts, non-cash transactions, A/R adjustments, denials, write-offs, and credit balance refunds.
• Perform miscellaneous job-related duties as requested.

• High School diploma or equivalent
• Minimum 3 - 5 years’ experience in medical/pharmacy setting cash posting
• Knowledge of Medical terminology
• Knowledge of Coding ICD-10, HCPCS, CPT, HER
• Understanding and knowledge of revenue cycle, insurance billing and payment/Banking reconciliation
• Maintains the strictest confidentiality of patient information in compliance with HIPAA, state and federal regulations
• Strong verbal and written communication skills to individuals and business at all different education levels
• Advanced computer skills and knowledge of Microsoft Office (Word, Excel, etc.)

• Certificate, associate degree or bachelor’s degree a plus, but not required
• CPR+ Pharmacy Software experience, a plus, but not required

• Preparing daily deposits as applicable
• Maintains daily deposit batch sheets
• Prepares cash batches by finding the batch and setting it up in the billing system
• Lock-Box deposits will be received with proper back-up/patient identification
• Reconcile posted checks received with checks deposited
• Review a claim rejection/denial, review the EOB, reconcile, make corrections appropriately
• Post cash and credit card payments to patient accounts and processes, if needed
• Apply the payments from EOBs, claims and other documents into the billing system to the proper patient account. Posts refunds and processes per policy.
• Enters the proper contractual adjustments from the Explanation of Benefits (EOB)
• Flag all payments that receive a contractual above 10%, denials and other unusual items for the collections department
• Posting of denials and zero pay
• Processes all incoming correspondence appropriately
• Compile and sort documents such as invoices and copies of checks
• Process write-offs according to internal policies and procedures
• Communicate with field, pharmacy staff, and patients when needed

• Self-motivated and able to work with minimal supervision
• Ability to prioritize and manage multiple responsibilities in a fast-paced environment
• Problem analysis and assessment
• Attention to detail and high level of accuracy
• Teamwork and collaboration
• Co…