Collections Specialist

ExactCare Pharmacy; United States; Remote; USD 40,000 - 70,000; Full time

Job summary

Join a forward-thinking company as a Medical Collections Specialist, where you will play a vital role in transforming hospital pharmacy operations. This position involves managing the collections of insurance claims, ensuring timely communication with payors and patients, and maintaining accurate documentation. With a focus on quality assurance and productivity, you will have the opportunity to leverage your problem-solving skills to improve processes and enhance revenue generation. This innovative firm offers a supportive environment with comprehensive benefits for full-time employees, making it an exciting opportunity for those looking to make a meaningful impact in the healthcare sector.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401(k)

Paid Time Off

Paid Holidays

Flexible Spending

Company-Paid Life Insurance

Short-Term Disability

Qualifications

• High school diploma or equivalent required with 1-3 years of experience.
• Strong communication and problem-solving skills are essential.

Responsibilities

• Responsible for the collection of insurance claims and documentation.
• Identify issues and recommend corrective actions to eliminate denials.

Skills

Communication Skills

Problem-Solving Skills

Knowledge of Medical Billing Practices

Attention to Detail

Self-Motivation

Mathematical Calculations

Knowledge of Insurance Policies

Teamwork

Confidentiality Practices

Knowledge of Home Infusion

Education

High School Diploma or GED

Tools

HCN360

CPR+

Job description

CarepathRx transforms hospital pharmacy from a cost center into an active revenue generator through a powerful combination of technology, market-leading pharmacy services and wrap-around services.

We are seeking a dedicated Medical Collections Specialist for our Revenue Cycle Team. In this position you will be responsible for the collections of insurance claims.

Responsibilities

1. Understand Third Party Billing and Collection Guidelines.
2. Identify root cause of issues and demonstrate the ability to recommend corrective action steps to eliminate future occurrences of denials.
3. Meet quality assurance, benchmark standards and maintain productivity levels as defined by management.
4. Contact payer, or patient as appropriate.
5. Document all collections activity in patient collections notes.
6. Document work performed/action taken on AR Aging Report and/or Over/Under Report.
7. Process all Payer appeal requests within the time frame required by the Payer.
8. Process all approved adjustments.
9. Process rejections and denials to determine if the claim needs to be refiled or submitted for an appeal with the payer.
10. Review patient information in appropriate system to determine why the claim is unpaid, if an adjustment is valid and whether additional approval is required.
11. Able to identify errors, correct claims and reprocess for reimbursement.
12. Able to read and interpret an EOB for accurate understanding of denial.
13. Know how to investigate claims, contracts for reimbursement.
14. Perform other duties as assigned.

Skills & Abilities

1. Ability to communicate with patients, payors, outside agencies, and public through telephone, electronic and written correspondence.
2. Effectively communicate in English; both oral and written, with physicians, location employees and patients to ensure questions and concerns are processed in a timely manner.
3. Helpful, knowledgeable, and polite while maintaining a positive attitude.
4. Interpret a variety of instructions in a variety of communication mediums.
5. Knowledge of Home Infusion.
6. Knowledge of insurance policies and requirements.
7. Knowledge of medical billing practices and of billing reimbursement.
8. Maintain confidentiality and practice discretion and caution when handling sensitive information.
9. Multi-task along with attention to detail.
10. Must be able to accurately perform simple mathematical calculations using addition, subtraction, multiplication, and division.
11. Self-motivation, organized, time-management and deductive problem-solving skills.
12. Work independently and as part of a team.
13. Collections or medical billing experience with basic understanding of ICD9, CPT4, HCPCS, and medical terminology is preferred.
14. Familiarity with third party payor guidelines and reimbursement practices and available financial resources for payment of balances due is beneficial.
15. Medicare knowledge of billing requirements specific to DMEMAC.
16. HCN360 and CPR+ knowledge preferred.

Requirements

1. High school graduate or equivalent. Excellent interpersonal, organizational, communication and effective problem-solving skills are necessary.
2. High school diploma or GED equivalent.
3. One to three years of related prior work experience in a team-oriented environment.
4. Experience in medical field and administrative record management.

CarepathRx offers a comprehensive benefit package for full-time employees that includes medical/dental/vision, flexible spending, company-paid life insurance and short-term disability as well as voluntary benefits, 401(k), Paid Time Off and paid holidays. Medical, dental and vision coverage are effective 1st of the month following date of hire.

CarepathRx provides equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, genetic information, or veteran status, or other legally protected classification in the state in which a person is seeking employment. Applicants encouraged to confidentially self-identify when applying.

Local applicants are encouraged to apply. We maintain a drug-free work environment. Applicants must be eligible to work in this country.