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Job Information

Philips Cash Application Specialist in Plymouth, Minnesota

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In this role, you have the opportunity to

The Cash Application Specialist ensures all payments (cash, checks and credit cards) from payers, facilities and customers are posted accurately and within established timeframes. Resolves posting issues which occur during the system auto-posting process and verifies accuracy

You are responsible for:

  • Posting and application of daily payments to customer accounts

  • Research and resolve unidentified or unapplied cash

  • Reconciliation of accounts of posting discrepancies

  • Reconciliation of payment remittances; verifies total number of payments and dollar amounts entered into billing software balances to remit

  • Applies adjustments and transfers payment responsibility where appropriate

  • Assists in the month-end close process by ensuring all processing is completed within the allotted timeframe

  • Generates, reviews and publishes daily, weekly, monthly and quarterly cash posting reports; provides input and recommendations to leadership based on review

  • Assists in training and responds to posting questions from Cash Application Specialists

  • Reviews and verifies adjustments processed by Reimbursement Specialist

  • Reviews payment posting batch and resolves balance discrepancies

  • Responds to inquiries from internal customers related to posting questions and discrepancies

  • Participates in process improvement projects aimed at improving productivity, quality payment postings

  • Attend HIPAA training and other training sessions as they arise

  • Performance of additional duties as assigned

You are a part of:

Revenue Cycle Management– RespirTech

To succeed in this role, you should have the following skills and experience:

  • Bachelor of Science degree in Finance, Business Administration or related field or four or more years successful experience in accounts receivables, collections and general accounting

  • Minimum of 2 year successful experience as a Cash Application Specialist in RespirTech

  • Knowledge of accounts receivable

  • Knowledge of office administration and procedures

  • Knowledge of general bookkeeping procedure

  • Proficient in relevant computer applications

  • Excellent communication skills, both verbal and nonverbal

  • Attention to detail

  • Strong knowledge of word processing, spreadsheet and database software

  • Strong math skills

  • Demonstrated customer service skills

  • Ability to work independently and as part of a team

In return, we offer you

Sharpen your talents with new challenges in our dynamic organization. As a market-driven company, we’re used to listening to our customers & apply the same thinking to our employees. We offer a competitive salary, outstanding benefits and flexibility in a career with a positive and supportive atmosphere in which to develop your talents further.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, color, citizenship, disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, marital or domestic partner status, military or veteran status, national origin, pregnancy/childbirth, race, religion, sexual orientation, or any other category protected by federal, state and/or local laws. Philips is an equal employment opportunity and affirmative action employer Disability/Veteran.

As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.

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