Financial Specialist - Cash Posting

Posted: 07/08/2022


Under the direction of the Financial Specialist Lead, this position is responsible for all financial activities relating to posting cash.


  1. High school diploma or equivalent.
  2. Minimum of one-year experience in DME or Medical Office Customer Service.
  3. Proven performance record in cash collection and customer service.
  4. Strong knowledge of federal and state regulations
  5. Demonstrates ability to work successfully with internal and external contacts
  6. Strong collaborative and skills in facilitating teamwork
  7. Ability to work independently
  8. Demonstrate excellent oral and written communication, problem solving, investigational and analytical skills along with excellent listening and interpersonal skills
  9. Ability to multi-task, prioritize and manage time effectively


  • Performs appropriate tasks related to cash collection and cash posting.
  • Knowledge of Medicare LCD’s and Qualifications for home medical equipment
  • Maintain current knowledge of Medicare, Illinois Public Aid and insurance industry policies and guidelines
  • Interacts in strict adherence to HIPPA compliance regulations and related company policies
  • AR Dashboard:
    • Completes Invoice Review (Updated Addresses, Bad Addresses, Credit Invoices, Failed Emails)
    • Completes Payment Review (Expired/Expiring Soon CC, Autopay Fails, Payment Plan Exceptions)
    • Completes Collections Review (Billing Cycle Complete, Collection Disputes)
    • Review Collections Deposits for accuracy
  • Cash Posting
    • Apply cash batches daily based on bank sheets
    • Identify payments trends and make recommendation to Lead/Manager for pricing updates
    • Identify insurances for EFT, ERA enrollment
    • Balance batches daily with excel report compared to DCB
  • Upload required documents to the patient account
  • Responds to customer requests courteously and with respect
  • Approaches customers and inquiries in a manner which represents ownership
  • Resolves customer complaints by investigating problems and making recommendations to executive leadership
  • Refers troubleshooting calls to appropriate department
  • Reports any patient or referral related problems to Lead immediately
  • Build and maintain positive relationships with referral sources to include education on medical equipment qualification and policy changes
  • Promote company program and services to assigned referral source.
  • Meets monthly and quarterly productivity goals
  • Adherence to the Prism’s Employee Handbook
  • Adherence to Prism’s Policies and Procedures
  • Supports the mission, vision and strategic plan of the organization.
  • Contributes to team effort by accomplishing related results
  • Communicate necessary information to the Mangers and Co-workers
  • Participate in on-call schedule rotation
  • Attend in-service training when required
  • Performs other duties as assigned