Medical Collections Specialist (on-site)

Pacmedical; Tracy (CA); On-site; USD 35,360 - 52,000; Full time

Benefits offered by this job

Medical, Dental, and Vision Insurance

401k and Financial Wellness Planning

Paid Time Off (3 to 4 weeks)

10 Paid Holidays Annually

Job summary

Pacmedical is seeking a full-time Medical Insurance Collections Specialist for their Tracy, California office. The role involves contacting insurance companies about overdue bills and requires a solid understanding of medical collections, including EOBs and various insurance types.

Candidates must have at least 1-2 years of experience in medical collections and a typing speed of 31-45 words per minute. Complete compensation potential includes bonuses, with an annual salary range of $35,360 to $52,000.

Qualifications

• Minimum 1-2 years of medical collections experience required.
• Typing speed must be 31-45 words per minute.
• Ability to read and interpret medical records is mandatory.

Responsibilities

• Contact insurance companies regarding past due bills.
• Enter EOBs in the system and research returned claims.
• Conduct follow ups on unpaid claims through phone and writing.

Skills

Medical Collections Experience (1-2 Years Minimum)

Typing speed (31-45 words per minute)

Ability to read and interpret medical records

Knowledge of Endeavor and/or Medicare IVR

Knowledge of Explanation of Benefits (EOB's)

Knowledge of HMO’s and PPO’s

Knowledge of patients’ medical records

Job description

Established in 1987, Pacific Medical, Inc. is a distributor of durable medical equipment; specializing in orthopedic rehabilitation, arthroscopic surgery, sports medicine, prosthetics, and orthotics. With the heart of the company dedicated to helping and serving others, we provide our services directly to the patient, medical networks, physician clinics, and offices. We are dedicated to the advancement of patient care through excellent service and product technology.

We have an immediate non-remote opportunity to join our growing company. We are currently seeking full-time (M-F 8:00 am-5:00 pm) Medical Insurance Collections Specialists for our Tracy office.

Job Responsibilities

• Contact insurance companies regarding past due bills.
• Enter EOBs in the system and research returned claims.
• Conduct phone and written follow up on unpaid claims.
• Maximize the amount of cash collected and minimize the time in which it is collected.
• Research and resolve open accounts quickly and professionally.

Job Requirements

• Medical Collections Experience (1-2 Years Minimum)
• Must type 31-45 words per minute.
• Ability to read and interpret medical records REQUIRED
• Knowledge of Endeavor and/or Medicare IVR.
• Knowledge of how to read and interpret Explanation of Benefits (EOB's)
• Knowledge of HMO’s and PPO’s.
• Knowledge of patients’ medical records for determining correct Medicare criteria.

Hourly Rate Pay Range

• $17.00 to $25.00
• Annual Range ($35,360 to $52,000)
• Example of Annual O/T Range (5 to 10 hours per week @ 50 weeks) range $6,375 - $18,750+
• Note: Abundance of O/T Available

Bonus Opportunity

Production Bonus: $0 to $1,000 per month (increases hourly rate up to $5.77 or up to $12k per year)

Profit Bonus: $0 to $1,000 per month (increases hourly rate up to $5.77 per hour or up $12k per year)

Total Compensation Opportunity Examples

• Annual Base Pay: $41,735.00 (Estimate incl. 5 hrs O/T per week, Low-range Production and Profit Bonus after 3 months)
• Annual Mid-Range Pay: $60,555.00 (Estimate incl. 5 hrs O/T per week, Mid-range Production and Profit Bonus)
• Annual Top Pay: $82,375.00 (Estimate incl. 5 hrs O/T per week, Max Production and Profit bonus)

Benefits

All Full-Time positions offer the following: Medical, Dental, Vision, ER paid Life for Employee, Voluntary benefits, Medical FSA, Dependent FSA, HSA, 401k, and Financial Wellness planning.

Additional Benefits for Full-Time Employees: 3 to 4 weeks of Paid Time Off.

Holidays: 10 paid holidays per year.

Vacation Benefit: At completion of 3-month introductory period, vacation accrual up to a max of 40 hours in the first 23 months, and at 24 months up to a max of 80 hours with a rollover balance.

Sick Benefit: Sick accrual begins upon date of hire up to a max accrual of 80 hours annually with a max usage of 48 hours annually with a rollover balance.