Revenue Cycle Specialist

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Full Time 30-40 hours Indiv Contrib-Union Warwick, Warwick, RI, US

Hourly $27.41

Union (Grade 6, Class VIII)

Site Warwick

Note:

• The clinic hours vary based on the following schedule :
  Monday - Friday 8a-5pm
• The flexibility to share overtime with coworkers required.
• The ability to read, write, and speak English required.
• Please view attached job description

PCHC is an equal opportunity employer committed to diversity in the workplace.

Overview: The Revenue Cycle Specialist manages the financial aspects of patient care by accurately coding diagnoses and treatments, submitting claims to insurance companies, addressing billing inquiries, resolving all payment denials, ensuring timely and accurate reimbursement, while meeting department productivity and quality requirements.

Key Responsibilities of a Medical Billing Specialist:

• Privacy:Maintain HIPAA standards at all levels of interaction, ensuring patient confidentiality and upholding a strong code of ethics.
• Accurate and Timely Coding:Translate healthcare services and procedures into standardized codes (ICD-10, CPT, HCPCS)
• Claim Submission:Prepare and submit electronic or paper claims to insurance companies.
• Insurance Verification:Verify patient insurance eligibility and coverage.
• Claim Follow-up:Monitor claim status, address denials, and resolving billing issues.
• Patient Billing:Bill patients for any outstanding balances and copays.
• Payment Processing:Post payments and adjustments to patient encounters.
• Data Entry:Accurately enter patient and claim data into billing systems.
• Communication:Respond to patient inquiries and resolve billing concerns.
• Payment Plans:Work with patients to develop reasonable payment plans.
• Record Keeping:Maintain accurate and organized billing records and notes.

Duties and Responsibilities:

• Perform work queue resolution of medical billing charge sessions by reviewing clinical documentation to confirm diagnostic (ICD-10) and procedural (CPT/HCPCS/ADA) codes and modifiers, based on charge review edits. May perform manual charge entry for hospital related services. Ensure all charge review edits are appropriately resolved utilizing claim judgement and critical thinking skills.
• Verify all information required to submit a clean claim, including provider, place of service, date of service, bill area, all codes, and special billing procedures defined by a payer, contract, or PCHC. Ensure accuracy in the coding and claim submission process to avoid errors and rejections. Interact professionally with providers, nurses, health center staff and all PCHC employees to verify accurate billing information.
• Use current electronic health record (EHR) systems and billing software to input, update, and manage patient demographic information, insurance details, and billing records accurately and securely.
• Monitor and track the status of medical and dental claims using the billing system and work queues. Identify and resolve claim denials, rejections and unpaid claims. Follow up with payers to resolve denied claims and ensure timely reimbursement.
• Respond to billing inquiries from patients, insurance companies, and healthcare providers. Research claim status, resolve billing discrepancies, and communicating effectively to ensure timely payment and resolution of issues.
• Maintain up-to-date knowledge of healthcare billing regulations, coding guidelines, and payer policies. Ensure compliance with HIPAA, CMS, and other regulatory requirements governing medical billing practices.
• Utilize current EHR system workflows for payment posting and reconciliation. Post insurance and patient payments to accounts accurately and in a timely manner. Reconcile encounters to ensure payments match billed amounts and address any discrepancies. Understand Explanation of Benefits (EOBs) received from insurance companies and use the information to properly record denial and payment codes.
• Maintain a complete online file of all remittance advice (RA) in PDF format for auditing purposes.
• Research, identify, and accurately post all unidentified (unapplied) payments including self-pay credit balances.
• Review and resolve outstanding credits. Using the data from the EHR, identify credits and resolve over-posted encounters and true over payments made by either the patient or insurance carriers by refunding when applicable.
• Document trends and issues…