Insurance Analyst II

Requirements

• Required: Three (3) years of experience in medical billing or collections
• Preferred: Experience with managed care and Medicare/Medi-Cal Billing regulations
• Reports To: Director of Patient Financial Services and/or Clinic Billing
• Supervises: N/A
• Ages of Patients: N/A
• Blood Borne Pathogens: Minimal/ No Potential
• Skills, Knowledge, Abilities:
• Essential Responsibilities
• 1.Demonstrates compliance with Code of Conduct and compliance policies, and takes action to resolve compliance questions or concerns and report suspected violations.
• 2.Manages new accounts, on a daily basis, by working within Receivables Workstation. Interfaces with other departments within the hospital, when appropriate, to obtain information necessary to process or resolve claims. Contacts patient and/or account guarantor to solicit payment on account.
• 3.Works all accounts listed in the Follow-Up queue, on a daily basis to promote collection of accounts. This will include telephoning the payer, messaging or identifying the claim on the payers' Internet websites.
• 4.Manages account inventory on a timely basis to promote payment and resolution of all accounts as instructed by management.
• 5.Stays current on all payer requirements by reading bulletins, reviewing provider handbooks, accessing websites, etc.
• 6.Processes incoming correspondence, including signature letters, denials, prior authorizations and additional information necessary to process the claim.
• 7.Records newly identified insurance plans and facilitates the account processing of new plan in accordance with pre-billing policies and procedures.
• 8.Records accurate and definitive notes in the electronic account file that depict the current status of account, issues with account and anticipated date of resolution.
• 9.Escalates account management to Supervisor when issues arise, if needed.
• 10.Ensures PFS management is kept up to date with contract, payer or system changes and/or issues.
• 11.Assigns a status code to each worked account to enable account tracking, statistical data gathering and audit activities.
• 12.Manages new credit balance accounts every day and prepares adjustments or refunds to zero the account balance.
• 13.Handles special projects as directed by management e.g. high dollar accounts, accounts over 180 days old, etc.
• 14.Maintains productivity standards by payer assignment.
• 15.Reviews denial, payor rejection, and any other necessary reports to determine strategy in decreasing payor denials, clearing house rejections and delayed payments
• 16.Manages Commercial Insurance, Medicare credits and Medicare quarterly credit balance reports to ensure timely resolution of refunds and balance rectification.
• 17.Manages priority account inventory in a timely manner to promote payment and resolution of all accounts as instructed by management.
• 18.Regularly analyzes account inventory aged greater than 90 days to promote payment and resolution of all accounts in an effort to decrease AR days.
• 19.Provides analysis on aged inventory for future checks and balances and timely resolution to PFS Management Staff and Director.
• 20.Processes incoming hard

Additional Information

Default Work Shift: Day (United States of America) Hours: 40 Salary range: $20.71 - $31.46 Schedule: Full Time Shift Hours: 8 Hour employee Department: Patient Financial Services Job Objective: Performs account review, follow-up and collections to include double recoupment, correspondence and credit balance resolution. Assists leadership with setting and maintaining goals within the department, including redirecting assignments and targeting aged and outstanding issues. Provides guidance and training when needed. Job Description: Education: Required: High school diploma, GED or higher level degree Licensure/Certification: N/A

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