Insurance Verification Specialist

1400 Baystate Medical Practices, Inc; United States; On-site; USD 27,000 - 36,000; Full time

Job summary

Baystate Health in the United States is seeking an Insurance Verification Representative to review, verify, and secure patient demographic and insurance information; obtain authorizations and certifications for sponsored admissions; and work denials to minimize bad debt and maximize reimbursement.

Under supervision, you will verify eligibility, obtain benefits, and collaborate with multiple departments to resolve gaps in coverage and ensure accurate documentation for claims submissions.

Qualifications

• Medical billing and/or Authorization and Referral focus

Responsibilities

• Secures accounts to obtain proper reimbursement and verifies eligibility; obtains benefits and authorizations/referrals with knowledge of third-party requirements for claims submissions.
• Follows up with payers to resolve coverage/benefit issues and documents account activity in necessary applications.
• Collaborates with Case Management, Denials Management, and Patient Accounting to recover payment for assigned denials.
• Maintains knowledge of evolving payer guidelines via web portals and carrier communications.
• Independently resolves insurance authorization and assignment issues.
• Participates in cross training to promote efficient and customer-friendly service.
• Meets productivity standards and maintains an account accuracy rate of 97% or higher.
• Demonstrates skilled use of necessary computer programs.

Skills

Microsoft Office Suite Skills

Job description

Summary: Under the direction of the Insurance Verification Supervisor and Manager an Insurance Verification Representative will review, verify, and secure patient demographic and insurance information, obtain authorization information, initiate required certifications for sponsored admissions, and work related denials in order to minimize bad debt expenses and maximize reimbursement.

Job Responsibilities

1. Secures accounts in order to obtain proper reimbursement. Verifies eligibility and obtains benefits for assigned accounts, completes Notifications of Admissions and births, change of admission status and obtains authorizations/referrals with knowledge of 3rd party requirements for claims submissions for assigned payers.
2. Obtains certification / authorization when required and identifies potential gaps in coverage (deductibles, uncovered days, etc) and collaborates with referring provider, PBO, Patient Accounting, Managed Care, Case Management, Financial Counselors, patient employer, etc. to minimize self pay balances.
3. Follows up with payers to resolve coverage/benefit issues. Accurately and completely documents account activity in necessary applications.
4. Collaborates with Case Management, Denials Management, and Patient Accounting to recover payment for assigned denials.
5. Maintains knowledge of ever-changing payer guidelines pertaining to benefit, eligibility, and authorization information by use of web portals and carrier communications.
6. Independently resolves insurance authorization and assignment issues.
7. Participates in cross training to promote efficient and customer friendly service to meet or exceed established quality and productivity standards.
8. Meets all productivity standards for the position.
9. Maintain an account accuracy average rate of >/= 97%.
10. Demonstrates understanding and skilled use of necessary computer programs.

Required Work Experience

1. Medical billing and/or Authorization and Referral focus

Preferred Work Experience

1. Healthcare Accounts Receivable or equivalent

Skills and Competencies

1. Microsoft Office Suite Skills

Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.

Minimum - Midpoint - Maximum $19.29 - $22.16 - $25.87

Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.

About Baystate Health

Baystate Health is a not-for-profit, integrated healthcare system with hospitals, physician practices, a health plan and more serving over 800,000 people throughout western New England. Baystate Health is the safety net provider in Western Massachusetts. With roots dating to the founding of Springfield Hospital in 1883, Baystate Health has been providing high-quality, compassionate and accessible care in the Pioneer Valley for more than 140 years and continues to be a pillar of its community - rooted here, serving here, and helping generations thrive here. With a focus on advancing health for all, Baystate is not only a keystone of the region, it is a national leader in health care. Learn more at BaystateHealth.Org The ever-growing health system includes six Massachusetts hospitals: Baystate Medical Center in Springfield Baystate Children’s Hospital (located at Baystate Medical Center) Baystate Franklin Medical Center in Greenfield Baystate Wing Hospital in Palmer Baystate Noble Hospital in Westfield Baystate Mercy Hospital in Springfield