Cash Specialist I Position Available In Sarasota, Florida

Cash Specialist

I 3.0 3.0

out of 5 stars Sarasota, FL Job Summary The Cash Specialist I is responsible for posting payments, reconciling cash receipts, and processing adjustments to patient accounts. This role ensures accurate application of insurance and patient payments, monitors daily cash transactions, and supports bank deposit and financial reporting activities. The Cash Specialist I collaborates with internal teams to resolve discrepancies, ensure compliance with company policies, and maintain financial accuracy. As a Cash Specialist I at Community Health Systems (CHS) – SSC Sarasota, you’ll play a vital role in supporting our purpose to help people get well and live healthier by providing safe, quality healthcare, building enduring relationships with our patients, and providing value for the people and communities we serve. Our team members enjoy a robust benefits package including medical insurance, dental insurance, vision insurance, PTO, 401K, sick time, holidays, and bonus where eligible.

Essential Functions:

Reviews health insurance explanation of benefits (EOBs) to determine appropriate application of payments and contractual adjustments. Posts insurance and patient payments, resolving edits, manually matching invoices, and balancing payment files to checks or electronic funds transfers (EFTs). Verifies and logs all fund transfers, lockbox deposits, and over-the-counter payments, ensuring accurate financial records. Reconciles daily cash transactions, identifying and resolving discrepancies in accordance with established guidelines. Analyzes payer reimbursements, comparing payments received against contract fee schedules to determine patient responsibility. Processes debit entries for approved refunds, auditing transactions for accuracy and compliance with company policies. Researches and transfers unidentified payments, ensuring timely resolution and proper account allocation. Balances daily cash reconciliation reports, including direct deposit reconciliation and variance resolution, preparing necessary reports for Finance. Prepares bank deposits and financial reports, ensuring timely submission and accuracy in financial reporting. Ensures confidentiality of patient financial records, maintaining compliance with HIPAA and company security policies. Performs other duties as assigned. Complies with all policies and standards. Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required:

Education:

H.S.

Diploma or GED Experience:

0-1 years of experience in cash posting, accounts receivable, banking, or healthcare revenue cycle operations

Preferred:

Education:

Associate’s Degree in Accounting, Finance, Business Administration, or a related field

Experience:

Experience working with electronic health records (EHR) systems, payment processing, or insurance reimbursement

Knowledge, Skills and Abilities:

Basic understanding of cash posting, payment reconciliation, and financial reporting. Knowledge of insurance remittance, contractual adjustments, and refund processing. Proficiency in Microsoft Excel, banking reconciliation tools, and financial software. Strong problem-solving skills, with the ability to analyze and resolve payment discrepancies. Excellent attention to detail, organizational skills, and ability to meet deadlines. Strong verbal and written communication skills, with the ability to interact with finance teams, payers, and internal departments. Knowledge of HIPAA and financial security regulations related to patient accounts and payment processing. We know it’s not just about finding a job. It’s about finding a place where you are respected, valued and where your work is purposeful and fulfilling. A place where your talent is recognized, professional development is encouraged and career advancement is possible. The Sarasota SSC operates in support of our hospitals and patients and our commitment is to provide them with exemplary revenue cycle services defined by outstanding customer service and superior revenue cycle performance. SSC Sarasota supports facilities located primarily in Florida, Georgia, Indiana, and Pennsylvania. Community Health Systems is one of the nation’s leading healthcare providers. Developing and operating healthcare delivery systems in 40 distinct markets across 15 states, CHS is committed to helping people get well and live healthier. CHS operates 71 acute-care hospitals and more than 1,000 other sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. INDSSFLRCSC