Negotiations Specialist

Alliance Health System; Matawan (NJ); Hybrid; USD 28,000 - 41,000; Full time

Benefits offered by this job

401(k) matching

Medical, Dental & Vision

Paid Time Off

Sick Time

Paid Holidays

Job summary

Alliance Health System is seeking a Negotiations Specialist to join our Revenue Cycle Management team. This remote, full-time role reports to the Director of RCM and focuses on collecting payments from patients, insurers, and third-party payers while maximizing revenue realization.

In the back-office setting, you will use our revenue cycle software to track and prioritize outstanding balances, negotiate payment arrangements, and maintain accurate records in compliance with HIPAA and

Qualifications

• Healthcare back-office collections experience with focus on revenue cycle management.
• Knowledge of medical billing, coding, and reimbursement procedures.
• Familiarity with HIPAA regulations.
• Strong negotiation and communication abilities.
• Ability to work remotely on a full-time basis.

Responsibilities

• Manage the collections process for negotiated claims, following up on unpaid claims, invoices, and patient balances.
• Utilize revenue cycle management software to track and prioritize collection activities.
• Review and analyze unpaid claims and denials, identifying root causes and actions for resolution.
• Contact patients, insurance companies, and other payers to discuss balances and negotiate payment arrangements.
• Maintain accurate records of collection efforts in compliance with legal and organizational requirements.
• Collaborate with billing and coding teams to ensure timely submission of claims and invoices.
• Stay updated with insurance regulations, billing guidelines, and reimbursement policies.
• Provide support to patients in understanding coverage and billing statements.
• Work with finance to reconcile payments and identify posting errors.
• Generate reports on collection metrics and aging accounts.

Skills

Negotiation skills

Communication skills

Attention to detail

Problem-solving

Independent work

Education

High school diploma or equivalent

Associate's or Bachelor's degree in healthcare administration or related field

Tools

Revenue cycle management software

Job description

Negotiations Specialist

Department: RCM: Revenue Optimization & Operations

Employment Type: Full Time

Location: Headquarters - Matawan

Compensation: $20.00 - $30.00 / hour

Description

Negotiations Specialist

Location: REMOTE
Entity: Alliance Health System
Reports To: Director of RCM

At Alliance Health System, our goal is to help our clients get their patients better faster, so that they can get back to doing the things they love. Accordingly, our approach to healthcare management is different: we seek to aid our clients in structuring treatment plans with patients, rather than for patients. We help clients ensure that their patients’ goals can truly be their top priority by simplifying the process of running a practice. In short, we provide our clients with the best experience possible so that they can focus on their patients who, in turn, can Get Better Faster.

The Revenue Cycle Management Negotiations Specialist plays a crucial role in the clinical back office setting, ensuring effective and timely collection of outstanding payments from patients, insurance companies, and other third-party payers. The Negotiations Specialist manages the revenue cycle process, maximizes revenue realization, and contributes to the financial stability of the organization.

Summary of Responsibilities

Responsibilities:

• Manage the collections process for negotiated claims, following up on unpaid claims, invoices, and patient balances.
• Utilize revenue cycle management software and tools to track and prioritize collection activities, ensuring timely and accurate follow-up.
• Review and analyze unpaid claims and denials, identifying the root causes and taking appropriate actions for resolution.
• Contact patients, insurance companies, and other payers to discuss outstanding balances, resolve billing discrepancies, and negotiate payment arrangements.
• Maintain accurate and up-to-date records of collection efforts, communications, and payment arrangements in compliance with legal and organizational requirements.
• Collaborate with billing and coding teams to ensure accurate and timely submission of claims and invoices for reimbursement.
• Stay updated with insurance industry regulations, billing guidelines, and reimbursement policies to maximize collections and minimize denials.
• Provide support and assistance to patients in understanding their insurance coverage, explaining billing statements, and addressing their financial concerns.
• Work closely with the finance department to reconcile payments received, identify posting errors, and ensure accurate accounting of collections.
• Generate reports and provide regular updates on collection metrics, aging accounts, and potential revenue risks to the revenue cycle management team.

Requirements:

• High school diploma or equivalent. Associate's or bachelor's degree in healthcare administration or a related field is preferred.
• Proven work experience as a Collections Specialist in a healthcare or clinical back office setting, with a focus on revenue cycle management.
• In-depth knowledge of medical billing and coding processes, insurance claim submission, and reimbursement procedures.
• Familiarity with insurance industry regulations, billing guidelines, and compliance requirements, including HIPAA.
• Proficiency in using revenue cycle management software and tools to manage collections activities, track accounts, and generate reports.
• Strong understanding of healthcare reimbursement methodologies, including commercial insurance, Medicare, and Medicaid.
• Excellent communication and negotiation skills, with the ability to interact professionally and empathetically with patients, insurance companies, and other stakeholders.
• Detail-oriented mindset, with the ability to review and analyze complex billing statements, claims, and denials.
• Strong problem-solving skills, with the ability to identify billing discrepancies, resolve disputes, and find solutions to payment challenges.
• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced clinical back-office environment.

Job Type:

• Full-Time
• Monday-Friday
• Remote

Benefits

• 401(k) matching
• Medical, Dental & Vision
• Paid Time Off
• Sick Time
• Paid Holidays

Background Check Requirement: Employment is contingent upon the successful completion of a background check, which may include verification of employment history, education, criminal records, and other relevant information as permitted by law.