Overpayment Recovery Analyst

CVS Health; Colorado; On-site; USD 25,000 - 53,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Paid time off

Retirement savings options

Wellness programs

Other resources

Job summary

CVS Health is seeking an Overpayment Recovery Specialist to recover and allocate overpaid dollars, including complex refunds. You will collaborate with internal teams and external vendors while ensuring compliance with policies and procedures.

In this role you will conduct provider outreach, analyze recovery options, and maintain accurate recovery inventories. A background in medical claims processing and a detail-oriented approach are essential.

Qualifications

• 3+ years of medical claims processing experience.
• 2+ years of medical claims adjustments and/or rework.
• 2+ years in fast-paced, deadline-driven, high-volume environment.
• Experience conducting outbound calls, including provider outreach.
• Experience handling customer service inquiries by phone or written correspondence.
• Ability to interpret and apply guidelines related to eligibility, coverage, and benefits.
• Demonstrated ability to manage multiple assignments with a high degree of accuracy and attention to detail.

Responsibilities

• Review, collect, and resolve overpayment recovery items via phone and written correspondence.
• Partner with internal business units, vendors, and liaisons to recover funds and allocate refunds.
• Administer overpayment recovery policies and procedures, including written and phone correspondence with members, providers, and other insurers.
• Manage overpayment work inventory; monitor progress and complete timely follow-ups to achieve recovery goals.
• Coordinate with key business functions on escalated overpayments to drive resolution and recovery.
• Use analysis and evaluation of alternatives to solve complex, non-routine recovery issues.
• Use reporting to track inventory, productivity, and recovery results.
• Perform claim adjustments and rework calculations across all dollar amounts using claims processing expertise.
• Apply medical necessity guidelines, determine coverage, verify eligibility, identify discrepancies, and apply cost containment measures to support claim adjudication.
• Process complex provider refunds and returned checks.
• Review and interpret provider contract language to validate overpayments and support allocation of refund checks.
• Deliver recovery training for less experienced team members as needed.
• Handle customer service inquiries and issues assigned.

Skills

Outbound calls

Customer service

Claims processing

Eligibility guidance

Attention to detail

Education

Associate degree or equivalent experience

Job description

CVS Health is seeking an Overpayment Recovery Specialist to recover and allocate overpaid dollars, including complex refunds. You will collaborate with internal teams and external vendors while ensuring compliance with policies and procedures.

In this role you will conduct provider outreach, analyze recovery options, and maintain accurate recovery inventories. A background in medical claims processing and a detail-oriented approach are essential.