Specialist, Cash Posting

Ovation Healthcare; United States; Remote; USD 41,000 - 61,000; Full time

Benefits offered by this job

Health benefits

HSA contributions

Wellness platform

Paid time off

401(k) plan

Professional development

Company equipment

Job summary

Ovation Healthcare is seeking a Cash Posting Specialist for 100% remote work in the United States. You will post manual and electronic payments, read EOBs, apply patient balances and perform daily cash reconciliation.

Ideal candidates have 3–5 years of healthcare cash handling, strong data entry and Excel skills, and excellent communication. Home-based role offers comprehensive benefits and remote collaboration with a skilled team.

Qualifications

• Minimum 3–5 years cash handling experience in healthcare.
• Read, speak and write fluent English.
• Strong data entry and Excel skills are required.
• Excellent written and verbal communications with team members.
• Ability to work independently in a remote environment.

Responsibilities

• Post manual and electronic payments including ERA’s and denials.
• Locate remittances in portals or clearinghouses and read EOBs.
• Apply copay/coinsurance and deductible balances to patient responsibility.
• Daily cash reconciliation and banking deposits.
• Cross-train and assist with other team projects as needed.
• Identify trends and resolve unapplied accounts.

Skills

10-key calculator

Fluent English

Data entry

Microsoft Excel

Communication skills

Teamwork

Time management

Detail oriented

Education

High school diploma or GED

Tools

MS Excel

Job description

About the Job

Welcome to Ovation Healthcare!

At Ovation Healthcare (formerly QHR Health), we’ve been making local healthcare better for more than 40 years. Our mission is to strengthen independent community healthcare. We provide independent hospitals and health systems with the support, guidance and tech-enabled shared services needed to remain strong and viable. With a strong sense of purpose and commitment to operating excellence, we help rural healthcare providers fulfill their missions.

The Ovation Healthcare difference is the extraordinary combination of operations experience and consulting guidance that fulfills our mission of creating a sustainable future for healthcare organizations. Ovation Healthcare’s vision is to be a dynamic, integrated professional services company delivering innovative and executable solutions through experience and thought leadership, while valuing trust, respect, and customer focused behavior.

We’re looking for talented, motivated professionals with a desire to help independent hospitals thrive. Working with Ovation Healthcare, you will have the opportunity to collaborate with highly skilled subject matter specialists and operations executives, in a collegial atmosphere of professionalism and teamwork.

Ovation Healthcare’s corporate headquarters is located in Brentwood, TN. For more information, visit www.ovationhc.com.

Summary:

The Cash Posting Specialist is responsible for ensuring that all aspects of manual and electronic payments are accurately applied and reconciled within a timely manner.

Duties and Responsibilities:

• Payment posting manual/Electronic (ERA’s) patient and insurance payments, adjustments, and/or denials
• Locate remittances & payments in various portals &/or clearinghouse
• Read and interpret EOB’s
• Apply copay/coinsurance and deductible balances to patient responsibility
• Review of patient account balances as needed to determine posting accuracy
• Perform payment deposit downloads and bank reconciliations
• Daily cash reconciliation and reporting
• Research and resolve unapplied accounts
• Flexibility to cross train/assist with training/cover for other team members and/or with other projects as needed
• Identify and report on trends/issues
• Prepare, reconcile and complete the local bank deposits for mail patient/insurance/accounting payments & other hospital/clinic departments (does not apply to home-based candidates)
• Maintain/reconcile petty cash funds, process point of service patient payments (does not apply to home-based candidates)
• Post monthly agency payment reports
• Work to resolve unidentified deposits
• Work posting issue work queues

Knowledge, Skills, and Abilities:

• 10 key calculator skills preferred
• Ability to read, speak, and write fluent English
• Data entry experience
• Familiarity with computers (MS/Excel applications). Basic to intermediate Excel skills preferred
• Requires developed communication skills to effectively work with all levels of management, peers and clients.
• Possesses excellent written and verbal communications.
• Ability to work as a team member, creating and maintaining effective working relationships.
• Must adapt and demonstrate the ability to work independently in a quiet, dedicated workspace from home in a fast-paced, changing and goal-oriented environment
• Must be detail oriented, a strong multi-tasker, resourceful and possess the ability to apply critical thinking skills to make good and independent decisions.
• Candidate must exhibit excellent time management organizational skills

Work Experience, Education, and Certifications:

• Minimum of 3-5 years (preferred) prior direct cash handling experience in healthcare setting
• High school diploma or GED equivalent required
• Home-Based (remote) position requires a reliable high speed internet connection

100% Remote Role

Benefits

The base compensation range for this position is:

$40,994.80 - $61,492.20

Compensation ranges could be hourly or salary depending upon the exempt status of the posted position.

Beginning compensation is determined based on objective factors such as location, qualifications, skills, certifications, and experience. Typically, a candidate is hired in the lower to midpoint of the range; the top end of the range is reserved for candidates with extensive specialized experience and mastery within the role. Compensation may increase over time based on performance, experience, and tenure.

Compensation is only part of Ovation’s total compensation package. Some additional benefits offered to full-time associates are:

• Comprehensive health and wellness benefits such as medical, dental, vision, life insurance, short and long-term disability coverage
• HSA with employer contributions, flexible spending accounts for health care, and dependent care accounts
• Wellness platform with premium incentives
• Employee assistance support and additional voluntary supplemental plans including accident, critical illness, hospital indemnity, and child disability insurance
• Robust and flexible paid time off offerings and company paid holidays
• 401(k) plan with discretionary employer match opportunities
• Professional development opportunities
• Company issued equipment