Cash Management Specialist

Stony Brook University; Setauket (NY); On-site; USD 48,000 - 60,000; Full time

Job summary

An established industry player is seeking a dedicated Cash Management Specialist to join their team. This role involves operational support within the Cash Posting and Account Management Department, focusing on cash posting, payment processing, and financial reporting. The ideal candidate will have a strong background in healthcare revenue cycles and cash management, with excellent communication skills and proficiency in Microsoft Office. This position offers a chance to contribute to a vital area of the organization while enjoying a supportive and inclusive work environment. If you are looking to make a meaningful impact in healthcare finance, this opportunity is for you.

Benefits

Generous Leave

Health Plans

State Pension

Additional Location Compensation

Qualifications

• Associate's Degree or 2 years of relevant experience required.
• Excellent communication and Microsoft Office skills are essential.

Responsibilities

• Support cash posting, payment processing, and financial reporting.
• Investigate payment discrepancies and reconcile accounts.

Skills

Healthcare Revenue Cycle Experience

Cash Management

Payment Reconciliation

Excellent Communication Skills

Proficiency with Microsoft Office

Education

Associate's Degree

2 years of relevant experience

Tools

Spreadsheets

Job description

Job Description - Cash Management Specialist (2500809)

Position Summary

At Stony Brook Medicine, the Cash Management Specialist will provide operational support within the Hospital’s Cash Posting and Account Management Department. The position will support day-to-day business functions including, but not limited to: cash posting, payment processing, remittance follow-up and investigation, payment reconciliation, and financial reporting.

Duties of a Cash Management Specialist may include the following, but are not limited to:

• Preparing and accurately completing the breakdown of daily cash deposit, revenue classification, and cash reporting for the hospital.
• Preparing manual payment posting files for staff.
• Investigating and following up on payment discrepancies with the bank.
• Accurately tracking and reconciling payments posted to control accounts.
• Reviewing staff postings to ensure accuracy and timeliness.
• Acting as liaison between Southampton and Eastern Long Island hospitals.
• Identifying opportunities to convert manual posting into electronic remittances.
• Identifying issues and patterns with payments from insurance companies and following up on missing EOBs.
• Communicating with various levels of staff and management inside and outside of the organization.
• Proficiency with the creation and manipulation of spreadsheets and data transformation.

Qualifications

Required:

• Associate's Degree and at least 6 months of healthcare revenue cycle or cash management and reconciliation experience.
• In lieu of a degree, at least 2 years of healthcare revenue cycle or cash management and reconciliation experience.
• Excellent written and oral communication skills.
• Proficiency with Microsoft Office.

Preferred:

• Experience with cash management including but not limited to balancing, reviewing, reconciliation, and understanding insurance EOBs.
• Knowledge of revenue cycle and/or business office procedures.
• Experience with processing refunds for patients and insurance.
• Experience in Insurance Verification.

Special Notes: Resume/CV should be included with the online application.

Posting Overview: This position will remain posted until filled or for a maximum of 90 days. An initial review of all applicants will occur two weeks from the posting date. Candidates are advised that for full consideration, applications must be received before the initial review date (which is within two weeks of the posting date).

If within the initial review no candidate was selected to fill the position posted, additional applications will be considered for the posted position; however, the posting will close once a finalist is identified, and at minimal, two weeks after the initial posting date. Please note that if no candidate is identified and hired within 90 days from initial posting, the posting would close for review and possibly be reposted at a later date.

Prior to start date, the selected candidate must meet the following requirements:

• Successfully complete pre-employment physical examination and obtain medical clearance from Stony Brook Medicine's Employee Health Services.
• Complete electronic reference check with a minimum of three (3) professional references.
• Successfully complete a 4-panel drug screen.
• Meet Regulatory Requirements for pre-employment screenings.
• Provide a copy of any required New York State license(s)/certificate(s).

Failure to comply with any of the above requirements could result in a delayed start date and/or revocation of the employment offer.

Stony Brook University is committed to excellence in diversity and the creation of an inclusive learning and working environment. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, familial status, sexual orientation, gender identity or expression, age, disability, genetic information, veteran status, and all other protected classes under federal or state laws.

If you need a disability-related accommodation, please call the University Office of Equity and Access at [phone].

Anticipated Pay Range: The starting salary for this position has been established as - $48,709 - $59,376 / year.

The above salary represents SBUH’s good faith and reasonable estimate of the range of possible compensation at the time of posting.

In addition, all UUP positions have an additional $3,400 for location. Please visit this link to learn more.

Your total compensation goes beyond the number in your paycheck. SBUH provides generous leave, health plans, and state pension that add to your bottom line.

Job Number: 2500809

Official Job Title: TH Instructional Support Assistant

Job Field: Administrative & Professional (non-Clinical)

Schedule: Full-time

Shift: Day Shift

Shift Hours: 8:30 am - 5:00 pm

Pass Days: Sat, Sun

Posting Start Date: Mar 14, 2025

Posting End Date: Apr 14, 2025, 3:59:00 AM

Salary: $48,709 - $59,376 / year

Salary Grade: SL1