Cash Management Specialist at WVU Medicine: Your Path to Financial Excellence

Role Overview

Are you a detail-oriented individual with a knack for numbers and a passion for accuracy? WVU Medicine is seeking a Cash Management Specialist to join our dynamic team at Reynolds Memorial Hospital (RMH) in Morgantown, West Virginia. In this role, you will be responsible for the accurate and timely posting of insurance and patient payments, ensuring the financial integrity of our operations. You will play a critical role in balancing postings to bank deposits, assisting patients with transactions, and providing exceptional customer service. This position requires a high level of precision, analytical skills, and a commitment to maintaining the highest standards of financial compliance.

A Day in the Life of a Cash Management Specialist

Imagine starting your day by logging into the Epic system, ready to tackle the day's financial tasks. Your primary responsibility involves processing electronic remittances and initiating transaction postings. You meticulously review remittance files, ensuring all transactions are accurately recorded and routed to the correct accounts. When transactions don't post correctly, you investigate the discrepancies, working diligently to resolve any issues and ensure all payments are properly accounted for. A significant portion of your day is spent balancing postings to bank deposits using tools in Epic and Microsoft Excel, ensuring all financial records are in perfect alignment. You also interact directly with patients, assisting them with face-to-face transactions, answering their questions about patient statements, and collecting copays and deposits according to insurance coverage regulations and our organizational financial policy. Maintaining petty cash transactions and preparing monthly reimbursement requests are also part of your routine. Collaboration with the accounting department is essential as you review and reconcile postings monthly, ensuring the financial health of the organization. Throughout the day, you document accounts clearly and accurately, maintaining a high level of organization and attention to detail.

Why Morgantown, West Virginia?

Morgantown, West Virginia, offers a unique blend of small-town charm and big-city amenities. As a vibrant university town, Morgantown is home to West Virginia University, providing a lively cultural scene, diverse dining options, and numerous entertainment opportunities. The city boasts a low cost of living compared to many other urban areas, making it an affordable place to live and work. With its scenic landscapes and access to outdoor activities such as hiking, biking, and fishing, Morgantown offers a high quality of life for those who enjoy nature and the outdoors. Additionally, Morgantown is a close-knit community with a friendly atmosphere, making it easy to build relationships and feel at home. Joining WVU Medicine in Morgantown means becoming part of a supportive and welcoming community, both professionally and personally.

Career Path and Advancement Opportunities

At WVU Medicine, we are committed to the growth and development of our employees. The Cash Management Specialist role is an excellent starting point for a career in healthcare finance. With experience and dedication, you can advance to positions such as Senior Cash Management Specialist, Revenue Cycle Analyst, or even Management roles within the Finance Department. We offer various training and development programs to help you enhance your skills and knowledge, enabling you to progress along your desired career path. WVU Medicine also encourages employees to pursue certifications and advanced education, providing tuition reimbursement and other support to help you achieve your professional goals.

Salary and Benefits

While the exact salary for the Cash Management Specialist position can vary based on experience and qualifications, a competitive market range for this role in Morgantown, West Virginia, is typically between $38,000 and $55,000 annually. In addition to a competitive salary, WVU Medicine offers a comprehensive benefits package that includes health insurance (medical, dental, and vision), generous paid time off (PTO) and vacation time, a retirement plan with employer matching contributions, life insurance and disability benefits, and employee assistance programs (EAP) for mental health and well-being. We also offer professional development opportunities, tuition reimbursement, wellness programs, employee discounts, and flexible spending accounts (FSA). Our commitment to providing a supportive and rewarding work environment extends to ensuring our employees have access to the resources and benefits they need to thrive.

WVU Medicine Culture

WVU Medicine is more than just a healthcare provider; we are a family of dedicated professionals committed to providing the highest quality care to our patients and communities. Our culture is built on a foundation of teamwork, respect, and compassion. We value diversity and inclusion, creating a welcoming and supportive environment for all employees. At WVU Medicine, you will have the opportunity to work alongside talented and passionate individuals who are making a difference in the lives of others. We foster a culture of continuous learning and improvement, encouraging employees to share their ideas and contribute to the success of the organization. Joining WVU Medicine means becoming part of a team that is dedicated to excellence and committed to serving our communities with integrity and compassion.

How to Apply

Applying for the Cash Management Specialist position at WVU Medicine is easy. Simply click the “Apply” button located at the top of this page and complete the application in full. Be sure to include your resume, cover letter, and any other relevant documents. We carefully review all applications and will contact qualified candidates for an interview. We look forward to hearing from you and welcoming you to the WVU Medicine family!

Frequently Asked Questions (FAQ)

1. What are the key responsibilities of a Cash Management Specialist?

   The key responsibilities include posting insurance and patient payments, balancing postings to bank deposits, assisting patients with transactions, and reconciling financial records.

2. What qualifications are required for this position?

   A high school diploma or equivalent is required. Bookkeeping and medical billing experience are preferred.

3. Is experience with the Epic system required?

   Experience with the Epic system is preferred but not required. Training will be provided to those who are new to the system.

4. What is the typical career path for a Cash Management Specialist at WVU Medicine?

   With experience and dedication, you can advance to positions such as Senior Cash Management Specialist, Revenue Cycle Analyst, or Management roles within the Finance Department.

5. What benefits does WVU Medicine offer to its employees?

   WVU Medicine offers a comprehensive benefits package that includes health insurance, paid time off, retirement plan, life insurance, employee assistance programs, and more.

6. What is the work environment like at WVU Medicine?

   WVU Medicine fosters a culture of teamwork, respect, and compassion. We value diversity and inclusion and provide a supportive and welcoming environment for all employees.

7. Are there opportunities for professional development at WVU Medicine?

   Yes, we offer various training and development programs to help you enhance your skills and knowledge, including tuition reimbursement for advanced education.

8. What is the cost of living like in Morgantown, West Virginia?

   Morgantown has a low cost of living compared to many other urban areas, making it an affordable place to live and work.

9. How do I apply for the Cash Management Specialist position?

   Click the “Apply” button located at the top of this page and complete the application in full. Be sure to include your resume, cover letter, and any other relevant documents.

10. What is WVU Medicine's commitment to diversity and inclusion?

    WVU Medicine is committed to creating a welcoming and supportive environment for all employees, valuing diversity and inclusion in the workplace.