Pharmacy Accounts Receivable Specialist

Shields Health Solutions; Stoughton (MA); On-site; USD 55,000 - 70,000; Full time

Job summary

A healthcare solutions provider in Massachusetts seeks a Pharmacy Accounts Receivable Specialist to manage the pharmacy revenue cycle and support various health system partners. This entry-level full-time position requires a Bachelor's degree or equivalent experience, strong problem-solving skills, and knowledge of revenue cycle processes. The salary range is $55,000 to $70,000 plus bonuses, depending on experience and location.

Qualifications

• Bachelor’s degree or relevant work experience required.
• Strong knowledge of revenue cycle process and third-party insurance.
• Ability to work independently with minimal supervision.

Responsibilities

• Manage and oversee payer and patient revenue cycle management processes.
• Develop operational workflows to ensure billing compliance.
• Investigate outstanding claims receivables for collectability.

Skills

Strong problem-solving capabilities

Strong oral and written communication skills

Ability to work independently

Knowledge of pharmacy dispensing systems

Strong knowledge of revenue cycle process

Education

Bachelor’s degree or equivalent work experience

Tools

Microsoft Office Suite (Excel)

Job description

Join to apply for the Pharmacy Accounts Receivable Specialist role at Shields Health Solutions.

Job Purpose

Reporting to the Revenue Cycle Manager, the responsibilities include overseeing the pharmacy revenue cycle management functions on behalf of each partnering health system. This may encompass performing revenue cycle activities for various health system partners, working in a variety of third‑party receivables platforms, and supporting management and our clients in various projects.

Job Duties

• Manage and oversee payer and patient revenue cycle management processes for various hospital specialty pharmacy accounts.
• Develop operational/financial workflows to ensure billing compliance, identify efficiencies, maximize collectability, and reduce/prevent financial loss.
• Investigate outstanding claims receivables (under/overpayments), unpaid claims or recouped payments specific by payer/PBM/site for collectability.
• Manage Medicare B billing for each hospital specialty pharmacy partner by coordinating communications as it pertains to denials, patient eligibility and status, CMS compliance documentation needs, etc.
• Develop strong partnerships with 3rd party insurance payers and PBM’s, our clients and internal departments that support RCM functions.
• Manage, prepare and review monthly reporting metrics for internal and external stakeholders.
• Respond to inquiries from various PBMs, State Medicaid(s), and our health system partners as well as internal departments.
• Assist in implementation and onboarding of revenue cycle management processes and resources for various hospital specialty pharmacy partnerships.
• Learn to navigate hospital electronic medical record systems (i.e., Allscripts, Cerner) and pharmacy systems (i.e., RX30, QS1, ScriptPro, Epic, etc.).
• Have a deep understanding of the unique requirements related to specialty pharmacy billing.
• Perform additional duties or project work as assigned by revenue cycle leadership.

Qualifications / Education

• Bachelor’s degree or equivalent work experience required.
• Strong knowledge of revenue cycle process and working with third‑party insurance and government payers.
• Ability to work independently with minimal supervision.
• Strong oral and written communication skills.
• Demonstrated prior success working in a high‑volume environment and with streamlining process using data.
• Strong problem‑solving capabilities; ability to perform root cause analysis when determining areas of opportunity to improve results.
• Collaborates well with other members of formal and informal groups in the pursuit of common goals.
• Applicants with knowledge of pharmacy dispensing systems and AR reconciliation systems preferred.
• Microsoft Office Suite experience, especially proficiency in Excel.

Salary

An employee in this position can expect a salary rate between $55,000 and $70,000 plus bonus pursuant to the terms of any bonus plan if applicable. The actual salary will depend on experience, seniority, geographic location, and other factors permitted by law.

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Position Details

• Seniority level: Entry level
• Employment type: Full‑time
• Job function: Accounting/Auditing and Finance
• Industry: Hospitals and Health Care