Who We Are:
LifeBridge Health is a dynamic, purpose-driven health system redefining care delivery across the mid-Atlantic and beyond, anchored by our mission to “improve the health of people in the communities we serve.” Join us to advance health access, elevate patient experiences, and contribute to a system that values bold ideas and community-centered care.
About the Role:
The Cash Reconciliation Specialist (CRS) reviews and reconciles bank account deposits and interdepartmental transfers and prepares insurance and patient payments for posting to the patient’s account. This position reconciles electronic ACH bank deposits in the Payment Reconciliation system against deposit information in multiple bank accounts in preparation for posting to patient accounts. The CRS prepares financial reports of daily deposits and interdepartmental transfers for distribution within LifeBridge Health.
KEY RESPONSIBILITIES:
- Reconciles manual and electronic bank account deposits.
- Utilizes the Payment Reconciliation system to confirm and reconcile electronic funds were deposited into the bank accounts.
- Processes bank account deposit documentation for manual deposits.
- Prepares payment batches daily for posting to patient accounts.
- Obtains insurance company Explanation of Benefits (EOB) to avoid payments getting posted to an Unidentified account.
- Prepares cash receipt accountability logs.
- Ensures deposits reconcile to bank deposit amounts and deposit date.
- Reconciles all deposits and balances to the control total provided by the bank and/or Finance Department.
- Saves and maintains deposit reconciliation and lockbox documentation according to procedure.
- Reconciles all interdepartmental transfers to the control total provided by the bank and/or Finance Department.
- Identifies deposits made into Professional Fee bank accounts that are for Facility patient accounts.
- Documents transfer transactions on Transfer Log for Finance Department. Processes interdepartmental transfers.
- Processes credit card payments and batches for Payment Posting.
- Processes credit card payments.
- Batches payments and prepares posting documentation daily for Payment Posting.
REQUIREMENTS:
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Education: HS Diploma/GED preferred
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Experience: 1-3 years of experience in a health care billing environment using an accounting/health care computer system is preferred. Basic understanding and application of accounting principles, bookkeeping and medical terminology preferred. Hybrid remote position