Executive - Insurance Collection

MiniMed; Maharashtra; On-site; INR 300,000 - 450,000; Full time

Benefits offered by this job

Competitive salary

Flexible benefits

Job summary

MiniMed in Pune invites applicants for an entry-level Insurance Collections role within our US healthcare support team. You will contribute to day-to-day revenue cycle activities and learn the end-to-end process in a supportive environment.

In this role, you will follow up with payors, resolve account discrepancies, and maintain accurate records. We offer a competitive salary and flexible benefits, with opportunities for growth in a global health-tech company.

Qualifications

• 1 to 2 years of insurance collections experience in US healthcare environment.

Responsibilities

• Execute departmental objectives affecting daily operations and revenue cycle.
• Follow up with third-party payors on open balances.
• Analyze and resolve account issues to full resolution.
• Handle inquiries from payors and patients about accounts.
• Conduct follow-up calls to payors and customers; coordinate calls between parties.
• Identify overpayments and initiate refund requests.
• Assess uncollectable accounts and document write-offs procedures.

Skills

Insurance collections

US healthcare experience

Job description

At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world.

About The Role

A Day in the Life

Our Global Diabetes Capability Center in Pune is expanding to serve more people living with diabetes globally. Our state-of-the-art facility is dedicated to transforming diabetes management through innovative solutions and Technologies that reduce the burden of living with diabetes.

This position is an exciting opportunity to work with Minimed’s Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.

#BetterDaysStartNow

Responsibilities may include the following and other duties may be assigned.

• Executes on established departmental objectives and assignments which affect the immediate operation, but that also have full revenue cycle and company-wide fiscal impact.
• Initiates follow‑up activities with third-party payors regarding open claim balances; makes written and verbal inquiries to payors.
• Analyzes and problem solve account issues to full resolution.
• Manages internal and external customer/business inquiries regarding account status and account history.
• Research issues off‑line as needed with payor/patient; conducts follow‑up calls with payors and customers, initiating conference calls between insurance carrier and patients to resolve customer concerns.
• Research and initiates refund requests due to overpayments by payor and/or patient.
• Determines when claims/accounts are deemed uncollectable; recommends and initiates bad debt write‑offs procedures.

OFFICE SUPPORT CAREER STREAM:

Individual contributors who provide organizational related support or service (administrative or clerical) for other members within the organization. The majority of time is spent in the delivery of support services or activities, typically under supervision.

DIFFERENTIATING FACTORS

Autonomy:

Entry‑level position typically requiring little to no prior experience. Works on well‑defined administrative and clerical tasks. Work is routine or follows standard procedures and is closely supervised.

Organizational Impact:

Works to deliver on day‑to‑day objectives with some impact on achievement of results for the job area, including limited disruption or expense. Delivers job responsibilities following a defined standard output or set of procedures.

Innovation and Complexity:

Provides data and information when minor changes may be required based on review. Problems faced are routine and solutions clearly prescribed.

Communication and Influence:

Communicates with contacts typically within immediate job area. Obtains and provides information requiring little explanation or interpretation.

Leadership and Talent Management:

N/A – Job at this level are focused on self‑development.

Required Knowledge and Experience:

1 to 2 years of insurance collections experience in US healthcare environment.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

Benefits & Compensation

MiniMed offers a competitive salary and flexible benefits package

At MiniMed, we put people first. A commitment to our employees lives at the core of our values: We recognize their contributions. They share in the success they help create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every stage of your career and life.

About MiniMed

We want to make every day a better day for people living with diabetes. Our team of creative innovators around the globe share a passion for finding the simplest solutions to the problems that people with diabetes face on a daily basis. For more than 40 years, we've been redefining what's possible, from intelligent dosing systems designed for real life to predictive insights that stay a step ahead, and we're dedicated to continuing to support our customers through every step of their journey — meeting them where and how they need it.