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About the role
Key responsibilities & impact- Reconcile and post all payments received
- Identify discrepancies and analyze issues to ensure timely payment posting
- Manage inventory and system alignment between Cotiviti and its clients
- Reconcile data between different sources
- Post payments to collection accounts and reconcile them with posted bank transactions
- Work with the AP department to issue refunds when needed
- Reconcile monthly bank statements with the cash posting database
- Post adjustment transactions to collection and client systems
- Perform cash application functions according to corporate and client requirements
- Access and understand online systems to determine how claims were paid and accurately apply payments and adjustments
- Assist in determining the adjudication of refunds
- Prepare and record financial transactions for assigned accounts
- Ensure daily deposit reconciliation and maintain daily and monthly audit reporting
- Reconcile daily deposit totals, review and correct discrepancies
- Balance and reconcile bank deposits and communicate with internal and external customers
- Research and distribute payments without apparent invoice numbers or dates of service
- Determine the correct claim for payments using valid patient and date-of-service information
- Maintain knowledge of compliance and recovery laws regarding processing and recoupment to ensure compliance with state laws
Requirements
What you’ll need- Bachelor's degree in Finance, Accounting, or Business, or three (3) years of Accounting/Finance experience required
- Knowledge of healthcare claims strongly preferred
- Computer proficiency in Microsoft Office applications and system databases required
- Excellent organizational ability to handle multiple priorities
- Strong attention to detail and accuracy
- Working knowledge of applicable industry-based standards
- Excellent verbal and written communication skills
- Ability to work well individually and in a team environment
- Ability to provide a dedicated, secure work area
- Ability to provide high-speed internet access/connectivity and office setup and maintenance
- Must be able to remain in a stationary position, often standing or sitting for prolonged periods
- Must be able to perform repetitive motions involving the wrists, hands, and/or fingers
Benefits
Comp & perks- Discretionary bonus consideration
- Medical insurance coverage
- Dental insurance coverage
- Vision insurance coverage
- Disability insurance coverage
- Life insurance coverage
- 401(k) savings plans
- Paid family leave
- 9 paid holidays per year
- 17–27 days of Paid Time Off (PTO) per year, depending on specific level and length of service
- Overtime pay for nonexempt employees for hours worked in excess of 40 hours per week, or as required by applicable state law
- Dedicated, secure work area
- High-speed internet access/connectivity and office setup and maintenance
