Cash Applications Specialist Needed!

Company: Shirley Ryan AbilityLab
Location: Chicago
Posted on: May 2, 2024

Job Description:

You'll work in a truly inclusive environment where diversity and equity are championed through words and actions. You'll play a role in something that's never been done before as we integrate science and clinical care to help patients achieve better, faster outcomes - as we Advance Human Ability, together.
The Cash Applications Specialist is responsible for the daily applications of cash processing and reconciliation of payments to the hospital accounts receivable. Research and resolve unapplied/unidentified cash postings. Performs a daily audit to balances all cash application transactions to ensure accuracy to the Accounts Receivable and General Ledger
The Cash Applications Specialist will:
Post contractual allowances from EOB's per current contract terms.
Transfer MD payments from accounts to MSRIC
Reconcile unidentified accounts weekly to avoid payments remaining in the account longer than 15 days.
Perform daily audit to ensure all activities from lock box, vouchers and Cashier's Office (live checks and credit cards) are balanced.
Complete audit spreadsheet and forward to the PFS Financial Analyst and Finance department reflecting the daily cash totals and identifying any variances or backlog of payments.
Research and respond to interdepartmental and external departments on issues related to cash applications.
Work with the Finance department each month to ensure all payments posted in the prior month balances to the General Ledger.
Participate in/assist with quality management process(es) to identify and improve cash posting procedures.
Reports directly to the Supervisor, Cash Applications


High school diploma or equivalent required or 1 - 3 years of direct experience with Accounts Receivable hospital cash applications.
Ability to complete mathematical calculations in order to complete required analyses and reports.
Ability to effectively use a personal computer and working knowledge of spreadsheet application to perform data entry and analysis (must be proficient in Excel and Word).
Interpersonal skills needed to explain accounts to employees and managers.
Ability to collaborate effectively in a team setting in order to maximize quality and efficiently of operations.
Normal office environment with little or no exposure to dust or extreme temperature.
All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Keywords: Shirley Ryan AbilityLab, Elmhurst , Cash Applications Specialist Needed!, Accounting, Auditing , Chicago, Illinois