[Hiring] Accounts Receivable Specialist REMOTE
Position: Accounts Receivable Specialist
Date posted: 2024-11-14
Industry: Other
Employment type: Full Time
Experience: 2 to 3 years
Qualification: Bachelor’s Degree holder
Salary: AED 5000 to 10000
Location: Phoenix, AZ, United States, REMOTE
Company: Women’s Health Arizona
Description:
Women’s Health Arizona
Accounts Receivable Specialist
Phoenix, AZ ·
About the job
Description
The Accounts Receivable Specialist will be responsible for managing the revenue cycle processes related to billing, collections, and accounts receivable for our medical practice. The ideal candidate will have a strong background in healthcare billing and accounts receivable management, excellent communication skills, and a commitment to accuracy and efficiency in financial operations.
Responsibilities
- Billing and Claims Management: Generate and submit accurate electronic and paper claims to insurance carriers for services rendered to patients. Verify patient insurance coverage, eligibility, and benefits prior to billing and ensure proper authorization for services. Review and resolve claim rejections, denials, and discrepancies in a timely manner. Monitor and follow up on outstanding claims to ensure prompt and accurate reimbursement.
- Accounts Receivable Management: Post payments, adjustments, and denials accurately to patient accounts in the billing system. Reconcile payments received with remittance advice and deposit reports from insurance companies. Investigate and resolve billing inquiries and discrepancies from patients, insurance companies, and internal departments. Maintain accurate and up-to-date accounts receivable aging reports and follow up on overdue balances.
- Collections and Revenue Cycle Optimization: Initiate collection efforts for outstanding patient balances through phone calls, letters, and other communication methods. Implement and adhere to established billing and collections policies and procedures to maximize revenue capture and minimize bad debt. Identify trends and patterns in accounts receivable and recommend process improvements to enhance revenue cycle performance.
- Financial Reporting and Analysis: Prepare and distribute regular reports on accounts receivable metrics, aging analysis, and collection performance to management. Assist in month-end close processes, including reconciliation of accounts receivable sub-ledger to general ledger.
- Compliance and Documentation: Ensure compliance with billing regulations, coding guidelines, and healthcare privacy laws (e.g., HIPAA). Maintain accurate documentation of billing and collections activities in accordance with regulatory requirements and organizational policies.
Requirements
- High school diploma or equivalent required; Associate’s degree in accounting, finance, or related field preferred.
- Minimum of 2-3 years of experience in healthcare accounts receivable, medical billing, or revenue cycle management.
- Proficiency in medical billing software and electronic health record (EHR) systems (e.g.,Athena, EPIC, Cerner, NextGen).
- Knowledge of healthcare billing and coding processes, including CPT and ICD-10 coding principles.
- Strong analytical skills with the ability to interpret and analyze financial data and reports.
- Excellent communication, interpersonal, and customer service skills.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced healthcare environment.
