Cash Applications Specialist

Vālenz^® Health is the platform to simplify healthcare – the destination for employers, payers, providers and members to reduce costs, improve quality, and elevate the healthcare experience. The Valenz mindset and culture of innovation combine to create a distinctly different approach to an inefficient, uninspired health system. With fully integrated solutions, Valenz engages early and often to execute across the entire patient journey – from care navigation and management to payment integrity, plan performance and provider verification. With a 99% client retention rate, we elevate expectations to a new level of efficiency, effectiveness and transparency where smarter, better, faster healthcare is possible.

About This Opportunity:
As a Cash Applications Specialist, you’ll be responsible for accurately posting and reconciling client payments, resolving discrepancies, and processing adjustments as needed. You will ensure timely and precise cash application, maintain financial records, and communicate with clients and internal teams to address payment issues. Additionally, the specialist supports month-end closing activities, ensures compliance with company policies, and collaborates with Accounts Receivable and other finance teams to improve processes.

Things You’ll Do Here:

• Posts and applies payments from clients accurately and timely to the appropriate accounts, ensuring proper coding and documentation.
• Researches and reconciles payments, including investigating discrepancies, resolving unapplied or misapplied payments, and collaborating with internal teams to ensure accurate financial records.
• Processes voids, refunds, and adjustments by reviewing payment issues, coordinating with internal departments, and ensuring proper documentation for audit compliance.
• Matches and distributes payments to vendors, ensuring accuracy in remittance advice and adherence to contractual agreements.
• Maintains and updates financial records by managing various Excel logs and reports, ensuring accuracy and completeness in tracking payment activities.
• Communicates with clients and internal teams regarding payment discrepancies, missing remittances, and any necessary follow-ups to resolve outstanding issues.
• Supports month-end and year-end closing processes by reconciling accounts, assisting with reporting, and providing documentation as needed.
• Ensures compliance with company policies, procedures, and internal controls, adhering to accounting principles and regulatory requirements.
• Collaborates with Accounts Receivable and other finance teams to improve cash application processes, implement efficiencies, and support business operations.
• Performs additional duties as assigned by the supervisor, contributing to departmental projects and process improvement initiatives.

• High school diploma or equivalent.
• Proficiency in Microsoft Office, especially Excel and Outlook.
• Strong ethical conduct, organizational skills, and time management.
• Ability to learn quickly, work independently, and collaborate as needed.

• Accounting certificate.
• NetSuite experience.

• Work Environment: You’ll need a quiet workspace that is free from distractions.
• Technology: Reliable internet connection—if you can use streaming services, you’re good to go!
• Security: Adherence to company security protocols, including the use of VPNs, secure passwords, and company-approved devices/software.
• Location: You must be US based, in a location where you can work effectively and comply with company policies such as HIPAA.

Why You'll Love Working Here

Valenz is proud to be recognized by Inc. 5000 as one of America’s fastest-growing private companies. Our team is committed to delivering on our promise to engage early and often for smarter, better, faster healthcare. With this commitment, you’ll find an engaged culture – one that stands strong, vigorous, and healthy in all we do.
 

Benefits

• Generously subsidized company-sponsored Medical, Dental, and Vision insurance, with access to services through our own products, Healthcare Blue Book and KISx Card.
• Spending account options: HSA, FSA, and DCFSA
• 401K with company match and immediate vesting
• Flexible working environment
• Generous Paid Time Off to include vacation, sick leave, and paid holidays
• Employee Assistance Program that includes professional counseling, referrals, and additional services
• Paid maternity and paternity leave
• Pet insurance
• Employee discounts on phone plans, car rentals and computers
• Community giveback opportunities, including paid time off for philanthropic endeavors

At Valenz, we celebrate, support, and thrive on inclusion, for the benefit of our associates, our partners, and our products. Valenz is committed to the principle of equal employment opportunity for all associates and to providing associates with a work environment free of discrimination and harassment. All employment decisions at Valenz are based on business needs, job requirements, and individual qualifications, without regard to race, color, religion or belief, national, social, or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. We will not tolerate discrimination or harassment based on any of these characteristics.