BioMatrix Infusion Pharmacy · 1 month ago
Cash Applications Specialist
Plantation, FL
Full-time
Onsite
Mid Level
$24/hr - $26/hr
3+ years expBioMatrix Infusion Pharmacy is a nationwide, independently-owned infusion pharmacy dedicated to supporting patients on specialty medication. The Pharmacy Cash Applications Specialist is responsible for the daily reconciliation of medical and pharmacy claims payments, ensuring accuracy in accounts receivable transactions and compliance with financial control policies.
Health CarePharmaceutical
Responsibilities
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
Qualification
Required
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.)
Preferred
Certificate, associate degree or bachelor's degree a plus, but not required
CPR+ Pharmacy Software experience, a plus, but not required Caretend/Weinfuse
Company
BioMatrix Infusion Pharmacy
BioMatrix Infusion Pharmacy is a nationwide, independently-owned infusion pharmacy with decades of experience supporting patients on specialty medication.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$80M2024-06-25Acquired
2016-12-02Private Equity· $80M
Leadership Team
Kathee Kramm
President and COO
Recent News
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