Revenue Cycle Specialist - Collections

About This Role

The Revenue Cycle Specialist plays a crucial role in managing patient interactions and ensuring accurate processing of claims within the Revenue Cycle Services team. This position is ideal for someone who is detail-oriented and has a passion for providing excellent service to patients and insurance companies.

Responsibilities

• Provide information and resolve issues from patients/family members and insurance companies.
• Work Adjustment, Zero Pay, and A/R aging report and correspondence daily.
• Follow up with the insurance company as needed regarding payment/non-payment of claims.
• Refile claims to secondary insurance when claims have not been received or processed.
• Submit activity log, audit journals, EOBs, and Account Follow-Up Logs daily.
• Communicate in an effective and professional manner with payors, patients/family members, physicians, support employees, co-workers, and management.
• Answer incoming calls in a professional and courteous manner within 3 rings. Return all voicemail messages within one (1) business day.
• Update patient demographic and profile information provided by patient, office, or insurance company.
• Enter Financial Hardship information and apply the appropriate and correct adjustments to Practice Management system. Make corresponding adjustments to the patient’s account.
• Responsible for NSF postings, letters, follow-up, tracking of checks and making necessary adjustments to patient's account.
• File claims to various insurance companies.
• Edit and entry of all claims including office, hospital, nursing home.
• Payment posting of patient payments, medical records and Disability payments.
• Adhere to company and system processes, post payments to appropriate accounts, with accurate documentation and balancing.
• Respond to refund requests from insurance companies in a timely manner.
• Analyze overpayments as marked by payment posters to determine if a refund is due.
• Keep an accurate log of refunds for month-end reporting.
• Audit statements and make appropriate corrections. Process weekly reports.
• Responsible for sending out and tracking patient statements and collection letters.
• Set up payment plans or payment arrangements.
• Work all correspondence/C15/C11 reports.
• Refer accounts to collection agencies.
• Post agency payments - verify commissions.
• Perform claims follow-up.
• Responsible for sending medical records requests to offices and noting the accounts.
• Responsible for coordinating the pulling, copying and mailing of EOBs for primary and secondary claim refiles.
• Responsible for logging bad addresses and sending notification to the offices.