Billing Specialist FT (On-Site)

Summit BHC•Colorado Springs, CO

9d•$27 - $29•Onsite

About The Position

The Billing Specialist is responsible for obtaining accurate and detailed insurance and self-pay reimbursement information for patient accounts. The role covers billing, collections, follow-up, reporting, and other assigned duties to maximize reimbursement for services provided and help achieve established hospital goals. This is an onsite, individual-contributor position at Peak View Behavioral Health in Colorado Springs, Colorado; it is not remote.

Requirements

High school diploma or equivalent required.
Two or more years of business office experience and accounts receivable experience required.
Knowledge of general office procedures and electronic billing required.

Nice To Haves

Associate degree in accounting or finance preferred.
Business office and accounts receivable experience in a medical or psychiatric setting preferred.

Responsibilities

Ensure certified coding specialists audit patient billing records against clinical records before billing, and maintain supporting audit documentation in patient billing files.
Manage assigned accounts receivable balances to ensure payer sources are billed accurately and promptly and payments are made within payment terms.
Document and communicate billing released to third-party payers.
Follow up on outstanding account balances promptly and resolve issues to support payment within payer terms and efficient cash flow.
Conduct ongoing account audits using AR, Billed Open, and Unbilled Reports to assess billing and collections efficiency and accuracy.
Generate secondary claims and rebills, verify claim form accuracy, and transfer or release claims to third-party payers.
Review the Rebill/Denial Log daily and process rejections from EOB/ERA.
Process refund requests in a timely manner.
Enter charges, payments, adjustments, and other transactions accurately and promptly on patient accounts, including insurance and patient billing for incurred charges.
Record and balance accounts receivable and miscellaneous cash.
Prepare bank deposits and post cash and adjustments to patient records as required.
Retrieve and perform electronic billing to insurance companies in a timely manner.
Make follow-up calls to insurance companies and guarantors as required.
Check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by others.