JOB DESCRIPTION:
- Versatile in all aspects of the Revenue Cycle through Resolution of all patient claims.
- This position updates demographic and insurance information for accuracy on all patients.
- Collects and follows up on all accounts assigned prior to, during or after admission and discharge.
- Communicates EHC's financial policies to all patients.
- Identifies patients who require financial counseling intervention; provides information regarding resources for patients who need financial help after discharge and/or during collections and follow up activities.
- Verifies, researches and completes all paperwork and forms to bill all types of claims for reimbursement. Serves as a patient advocate during the cycle of the account.
- Assist with departmental workflow as needed.
- Identifies and notifies leadership of issues and initiates appropriate action for resolution.
- Serves as point person for employee questions.
- Maintains thorough understanding of insurance, payment reimbursement, account reconciliation, referrals, authorizations, and account follow-up to secure reimbursement of claims.
- Provides support to leadership facilitating quality improvement by reporting problems, concerns, and opportunities for increased revenue and decreased denials through the quality assurance process.
- Assists in training and development of new staff members.
- Must be able to review and operationalize contracts as it relates to billing and reimbursement of complex claims.
- The position may be responsible for understanding and maintaining knowledge of standard for care of specific transplant population and the phases of donors and recipients.
- Provides liaison and educational services in support of standards.
- Identifies and resolves financial issues relating to all patients.
- Problem solving skills are required as the applicant must be able to use various tools, analyze the situation, research data and resolve and/or formulate a decision.
- Works closely with Management in formulating and implementing departmental objectives toward enhancing the work flow of the department.
- This position requires heavy phone and computer usage, and a detailed knowledge of applicable EMRs, patient accounts, payer, and financial tools.
- Additionally, education sessions and insurance payor forums should be attended as appropriate.
- Specialist is required to review, analyze and understand the Managed Care Contracts and various aspects of patient care to maximize reimbursement.
- This includes but is not limited to transplants, hospice, infusions, rehab and Center of Excellence patients.
- Knowledge of payer requirements including pre-cert requirements, splitting of claims, analyzing payments, researching complex payment variances are critical for patient and/or account resolutions.
- The Revenue Cycle Specialist must be able to work independently.
- They must have excellent verbal, written, analytical and interpersonal communication skills. Professionalism must be maintained at all times regardless of circumstances.
- Organization skills are also very important.
- Other job duties as assigned pertinent to the Revenue Cycle.
- Performs other duties as required.
MINIMUM QUALIFICATIONS:
- Bachelors Degree with two years of relevant experience; OR any combination of equivalent education and experience.
PHYSICAL REQUIREMENTS (MediumMax 25lbs): up to 25 lbs, 0-33% of the work day (occasionally); 11-25 lbs, 34-66% of the workday (frequently); 01-10 lbs, 67-100% of the workday (constantly); Lifting 25 lbs max; Carrying of objects up to 25 lbs; Occasional to frequent standing & walking, Occasional sitting, Close eye work (computers, typing, reading, writing), Physical demands may vary depending on assigned work area and work tasks.
ENVIRONMENTAL FACTORS: Factors affecting environment conditions may vary depending on the assigned work area and tasks. Environmental exposures include, but are not limited to: Blood-borne pathogen exposure Bio-hazardous waste Chemicals/gases/fumes/vapors Communicable diseases Electrical shock, Floor Surfaces, Hot/Cold Temperatures, Indoor/Outdoor conditions, Latex, Lighting, Patient care/handling injuries, Radiation, Shift work, Travel may be required. Use of personal protective equipment, including respirators, environmental conditions may vary depending on assigned work area and work tasks.