Accounts Receivable Specialist
Universal Health Services
Accounts Receivable Specialist
|Facility:||Independence Shared Services|
|Location:||MALVERN, PA US Mid-Atlantic|
|Job Type:||Full Time|
|Minimum Education Required:||High School or equivalent|
|Category:||Healthcare - Rehabilitation|
Independence Physician Management's mission is to operate our physician clinics and support our facilities in the delivery of superior quality healthcare services to our patients.
The Accounts Receivable Specialist is responsible for the accurate and timely follow-up of unpaid claims, by assigned payer/s and defined aging criteria to meet or exceed collection targets and minimize write-offs. Researches claim denials by assigned payer/s to determine reasons for denials correcting and reprocessing claims for payment in a timely manner. Meets or exceeds established performance targets (productivity and quality) established by the A/R Supervisor. Initiates and follows-up on appeals recognizing the payer defined aging criteria. Exercises good judgement in escalating identified denial trends or root cause of denials to mitigate future denials, expedite the reprocessing of claims and maximize opportunities to enhance front end claim edits to facilitate first pass resolution. Identifies uncollectible accounts and performs accurate and timely write-offs (e.g. no authorization) adhering to IPM CBO policy guidelines. Demonstrates the ability to be an effective team player. Upholds “best practices” in day to day processes and work flow standardization to drive maximum efficiencies across the team.
Accurate and timely claims follow-up by assigned payer/s and defined aging criteria to meet or exceed collection targets and minimize timely filing write-offs. Performs eligibility and claim status follow-up inquiries utilizing outbound calls to the payer, web link tools and payer websites. Effectively documents claim status and next steps in the Practice Management System (PMS) to expedite timely and accurate claims processing. Meets or exceeds established performance targets (productivity and quality) established by the Accounts Receivable (A/R) Supervisor. Accurate and timely research of claim denials by assigned payer/s. Works with payer to determine reasons for denials; corrects and reprocesses claims for payment in a timely manner. Proceeds with appeals process as needed. Meets or exceeds established performance targets (productivity and quality) established by the A/R Supervisor. Identifies root causes and denial trends and works with the payer Customer Service Department to reprocess claims for payment. Escalates, as needed, to the Accounts Receivable (A/R) Supervisor to address at the payer Provider Representative level as needed. Extensive and current working knowledge of government, managed care and commercial insurances, claim submission requirements, reimbursement guidelines, and denial reason codes. Performs accurate and timely write-offs (e.g. no authorization) following identification of noncollectable accounts adhering to IPM CBO policy guidelines. Effectively prioritizes work assignment/s and demonstrates flexibility in assuming payer specific A/R claim follow-up and denial management assigned to another A/R Specialist to ensure the team is meeting or exceeding department goals. Participates in regularly scheduled team meetings sharing denial trends specific to claim requirements to enhance front end claim edits to facilitate first pass resolution. Contributes ideas for work flows and approaches to A/R follow-up tasks to maximize opportunities for performance, process and net revenue collections improvement. Performs other duties as assigned.
Education: High School Graduate/GED required. Technical School/2 Years College/Associates Degree preferred.
Work experience: Experience (3-5 years minimum) working in a healthcare (professional) billing, health insurance or equivalent operations work environment.
Knowledge: Healthcare (professional) billing, knowledge of CPT/ICD-10 coding, government, managed care and commercial insurances, claim submission requirements, reimbursement guidelines, and denial reason codes. Understanding of the revenue cycle and how the various components work together preferred.
Skills: Excellent organization skills, attention to detail, research and problem solving ability. Results oriented with a proven track record of accomplishing tasks within a high-performing team environment. Service-oriented/customer-centric. Strong computer literacy skills including proficiency in Microsoft Office.
Equipment Operated: Mainframe billing software (e.g., Cerner, Epic, IDX) experience highly desirable.
If you meet the above requirements and are looking for a rewarding career, please take a moment to share your background with us by applying online. IPM offers competitive compensation commensurate with experience and benefit programs including medical, dental, life insurance, and 401(k).
IPM is not accepting unsolicited assistance from search firms for this employment opportunity. Please, no phone calls or emails. All resumes submitted by search firms to any employee at IPM via email, the Internet or in any form and/or method without a valid written search agreement in place for this position will be deemed the sole property of IPM. No fee will be paid in the event the candidate is hired by IPM as a result of the referral or through other means.