Cash Reconciliation Specialist

Imagine a career at one of the nation's most advanced health networks.

Be part of an exceptional health care experience. Join the inspired, passionate team at Lehigh Valley Health Network, a nationally recognized, forward-thinking organization offering plenty of opportunity to do great work.

LVHN has been ranked among the "Best Hospitals" by U.S. News & World Report for 23 consecutive years. We're a Magnet(tm) Hospital, having been honored five times with the American Nurses Credentialing Center's prestigious distinction for nursing excellence and quality patient outcomes in our Lehigh Valley region. Finally, Lehigh Valley Hospital - Cedar Crest, Lehigh Valley Hospital - Muhlenberg, Lehigh Valley Hospital- Hazleton, and Lehigh Valley Hospital - Pocono each received an 'A' grade on the Hospital Safety Grade from The Leapfrog Group in 2020, the highest grade in patient safety. These recognitions highlight LVHN's commitment to teamwork, compassion, and technology with an unrelenting focus on delivering the best health care possible every day.

Whether you're considering your next career move or your first, you should consider Lehigh Valley Health Network.

Summary
Reconciles monies received from the bank lock box, insurance carriers checks, patient payments, and vendors payments assigning the monies to the appropriate GL account. Completes all daily and monthly activities needed to report cash receipts to Finance by the designated deadline.

Job Duties

• Maintains logs for multiple financial institutions of all payment batches, researches any unidentified payments, and takes the appropriate steps for resolution.
• Documents all monies received through lock box payments, paper checks received in the mail, EFT payments made directly to the bank, and credit card payments for daily reconciliation.
• Researches and resolves all reconciliation issues; provides suggestions for resolution and work flow changes to improve efficiency.
• Researches and locates missing explanation of benefits (EOB) or missing payments to ensure that the Accounts Receivable is current.
• Researches any questions regarding bank wires, checks, journal entries, and credit card payments.
• Researches the appropriate distribution and GL routing for non patient payments.
• Conducts GL transfer of funds deposited into the incorrect account.

Minimum Qualifications

• High School Diploma/GED
• 2 years reconciliation experience in a healthcare organization or
• 5 years experience in healthcare Finance (Accounts Payable, Accounts Receivable)
• Ability to think logically and apply mathematical concepts.
• Knowledge of generally accepted accounting procedures and principles.
• Mathematical competency to understand debits, credits, adjustments, and reconciliation.
• Proficiency in Microsoft Office applications (Excel, Word, PowerPoint, Outlook).
• Strong analytical, problem-solving, and organizational skills.
• Successful completion of DOE within 3 months of hire.

Preferred Qualifications

• Associate’s Degree Healthcare Administration, Finance or Business

Physical Demands
Lift and carry 7 lbs., continuous sitting >67%, frequent keyboard use/repetitive motion, frequent fine motor activity/wrist position deviation.

Job Description Disclaimer: This position description provides the major duties/responsibilities, requirements and working conditions for the position. It is intended to be an accurate reflection of the current position, however management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.

Lehigh Valley Health Network is an equal opportunity employer. In accordance with, and where applicable, in addition to federal, state and local employment regulations, Lehigh Valley Health Network will provide employment opportunities to all persons without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or other such protected classes as may be defined by law. All personnel actions and programs will adhere to this policy. Personnel actions and programs include, but are not limited to recruitment, selection, hiring, transfers, promotions, terminations, compensation, benefits, educational programs and/or social activities.

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Lehigh Valley Health Network does not accept unsolicited agency resumes. Agencies should not forward resumes to our job aliases, our employees or any other organization location. Lehigh Valley Health Network is not responsible for any agency fees related to unsolicited resumes.

Work Shift:

Day Shift

Address:

2100 Mack Blvd

Primary Location:

Mack Building

Position Type:

Onsite

Union:

Not Applicable

Work Schedule:

Monday-Friday; 8:00a-4:30p

Department:

1004-13052 CSS-Patient Receivables Office