Denials Prevention Analyst

Aurora Health Care; Allenton (WI); Remote; USD 60,000 - 80,000; Full time

Job summary

A leading healthcare organization is seeking an Analyst to optimize revenue through data analysis and denial management. The role involves collaborating with various departments to implement strategies that reduce claim denials and improve financial outcomes. Ideal candidates will have strong analytical skills and experience in healthcare finance or medical billing.

Qualifications

• Typically requires 3 years of experience in medical billing or healthcare finance.
• Experience in identifying problems and opportunities for improved workflows.

Responsibilities

• Perform root cause analysis across large volumes of denials data.
• Tracks and analyzes denial data to identify revenue opportunities.
• Collaborates with departments to reverse negative denial patterns.

Skills

Communication

Analytical Skills

Time Management

Organizational Skills

Education

Bachelor's Degree in Finance

Bachelor's Degree in Healthcare Finance

Bachelor's Degree in Accounting

Tools

Microsoft Office Suite

Job description

Major Responsibilities:

• Applying problem-solving skills, the analyst will partner with the Senior Analyst to perform root cause analysis across large volumes of denials data in order to seek insight on areas of interest
• Evaluates and maintains the proper level of data integrity within the denial mitigations databases.
• Supporting claims denials reductions and increased revenues through process redesign, root cause analysis, and development of metrics and reports.
• Tracks and analyzes denial data to identify, recommend, and implement opportunities to secure legitimate revenue for the organization. Identifies trends or patterns that impact payment optimization, and collaborates with departments to establish action plans, initiatives, and policies to reverse negative denial patterns.
• Analyzes and reviews third party payer denial of medical claims and develops and executes strategies to decrease denials system wide to optimize revenue.
• Identifies revenue opportunities and provides appropriate investigation, follow up and resolution. Implements plans and partners with Managed Care Contracting to ensure proper adherence to contracts that does not affect revenue generation.
• Generates, and audits various revenue, financial, statistical and/or quality reports surrounding the denial prevention area of focus.

Education/Experience Required:

• Bachelor's Degree or equivalent knowledge. Finance, Healthcare Finance, Accounting, Audit or related field. Typically requires 3 years of experience in medical billing, healthcare finance, accounting, internal audit and/or coding that includes experience in identifying problems and opportunities for improved workflows, developing processes and procedures to reduce denials, and consulting with leadership on complex denial issues.

Knowledge, Skills & Abilities Required:

• Ability to communicate with key executive stakeholders, system-wide, at both institutional and corporate levels.
• Skills and experience in successfully leading a functional team and training staff on processes and procedures.
• Demonstrated ability to work collaboratively with other departments and external organizations.
• Excellent written and verbal communication skills and the ability to communicate effectively with all levels of employees and management. Ability to effectively address difficult and controversial issues.
• Strong analytic, time management and organizational skills, with a high attention to detail.
• Demonstrated proficiency in the Microsoft Office Suite (Word, Excel, PowerPoint) or similar products and knowledge of electronic health.
• Serve as liaison to department administration, physicians, clinic administration, information services, business offices, financial offices, and other stakeholder departments

Physical Requirements and Working Conditions:

• This position requires travel, therefore, will be exposed to weather and road conditions.
• Operates all equipment necessary to perform the job.
• Exposed to a normal office environment.

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

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