Billing Specialist, Value-Based Services

OrthoCarolina•Charlotte, NC

7d•Onsite

About The Position

The Value-Based Services (VBS) Billing Specialist is a specialized role dedicated to supporting Value-Based Services operations. This position is responsible for tracking value-based episodes of care and managing all aspects of billing and posting for assigned cases. The specialist ensures financial accuracy, identifies discrepancies, and proactively reports issues, patterns, and trends to leadership. The VBS Billing Specialist must demonstrate strong working knowledge of insurance eligibility, benefit verification, and prior authorization requirements to support prompt payment. The role requires the ability to identify account-level issues, initiate corrective actions, and resolve barriers efficiently to ensure smooth financial transactions for an assigned patient population.

Requirements

High School GED.
Some college or accounting required.
Minimum two years in a health care business office setting.
Able to work with numbers, simple math functions and understand insurance payments and recoupments.
Proficient in Excel/spreadsheets
Knowledge of medical payment data entry.
Knowledge of computerized medical software.
Knowledge of medical, insurance, and insurance EOB terminology

Nice To Haves

Associate degree in business, Medical Office Administration, or other related fields preferred.
Experience with insurance, benefits, prior authorization and patient collections preferred.

Responsibilities

Maintain a comprehensive understanding of all Value-Based contracts, payment models, and reconciliation requirements at OrthoCarolina.
Serve as the primary billing expert and resource for Value-Based Services across all locations.
Manage all aspects of the billing lifecycle for Value-Based episodes of care, from episode creation through final reconciliation and closeout.
Enter and submit all required claims (e.g., facility, anesthesia, physical therapy) for bundled episodes in EPIC and affiliated practice management systems, ensuring all front-end edits and validations are in place.
Act as the primary liaison with third-party billing partners to ensure accurate episode creation, claims submission, and timely transfer of funds into EPIC.
Ensure all claims are received and processed appropriately to successfully close each episode of care.
Collaborate with payers on reconciliation processes in accordance with contract terms (e.g., monthly or quarterly).
Assist with monthly reporting, quarterly reconciliation, and year-end close activities as directed by leadership.
Serve as a liaison between patients, payers, providers, and facilities to resolve billing and payment concerns.
Handle patient inquiries related to financial accounts professionally and work directly with patients to resolve balances.
Attend meetings, huddles, and program-related calls to stay informed of Value-Based Services updates and changes.