Insurance Analyst II

Eisenhower Health•Rancho Mirage, CA

7d•$21 - $31

About The Position

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.

Requirements

High school diploma, GED or higher level degree
Three (3) years of experience in medical billing or collections
Ability to handle multiple projects/tasks at the same time and prioritize workload
Ability to interpret payer contracts and reimbursement practices by payer and state by state regulations
Ability to operate basic office equipment ie copiers, fax machines and calculators
Ability to support and train staff on Insurance billing, collections policies/processes, system processes
Basic knowledge of ICD-10, CPT and HCPC coding
Effective communication, organizational and problem-solving skills
Excellent time management skills
Knowledge of computer based claims management
Knowledge of database system and experience with internet applications
Knowledge of managed care, Medicare/Medi-Cal Billing regulations
Knowledge of rules and regulations of third party payers
Knowledge of the Federal Fair Debt Collection Practices Act
Strong customer service and problem solving skills
Strong financial, mathematical and analytical skills
Strong knowledge of contract reimbursement methodology and proration
Strong knowledge of medical terminology
Strong knowledge of Microsoft Office, voicemail and Epic
Strong knowledge of payer contracts, interpretation, policies and procedures
Strong windows knowledge and keyboarding skills

Nice To Haves

Experience with managed care and Medicare/Medi-Cal Billing regulations

Responsibilities

Demonstrates compliance with Code of Conduct and compliance policies, and takes action to resolve compliance questions or concerns and report suspected violations.
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.
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.
Manages account inventory on a timely basis to promote payment and resolution of all accounts as instructed by management.
Stays current on all payer requirements by reading bulletins, reviewing provider handbooks, accessing websites, etc.
Processes incoming correspondence, including signature letters, denials, prior authorizations and additional information necessary to process the claim.
Records newly identified insurance plans and facilitates the account processing of new plan in accordance with pre-billing policies and procedures.
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.
Escalates account management to Supervisor when issues arise, if needed.
Ensures PFS management is kept up to date with contract, payer or system changes and/or issues.
Assigns a status code to each worked account to enable account tracking, statistical data gathering and audit activities.
Manages new credit balance accounts every day and prepares adjustments or refunds to zero the account balance.
Handles special projects as directed by management e.g. high dollar accounts, accounts over 180 days old, etc.
Maintains productivity standards by payer assignment.
Reviews denial, payor rejection, and any other necessary reports to determine strategy in decreasing payor denials, clearing house rejections and delayed payments
Manages Commercial Insurance, Medicare credits and Medicare quarterly credit balance reports to ensure timely resolution of refunds and balance rectification.
Manages priority account inventory in a timely manner to promote payment and resolution of all accounts as instructed by management.
Regularly analyzes account inventory aged greater than 90 days to promote payment and resolution of all accounts in an effort to decrease AR days.
Provides analysis on aged inventory for future checks and balances and timely resolution to PFS Management Staff and Director.
Processes incoming hard copy explanation of benefits and reacts appropriately to resolve the accounts.
Obtains and records “Promise to Pay” amounts on a daily basis that are consistent with the cash collection goals.
Identifies work unit issues and participates in solutions and problem solving by working with supervisor and staff members.
Attends, in-house training and attends classes pertaining to Federal and State billing regulations as well as Compliance Issues and Guidelines as requested.
Participates in Payer webinar and training sessions to maintain latest knowledge on billing, coding and reimbursement practices; monitors updates with Insurance Payers and relays information to management, trainers and co-workers effectively.
Performs other job related tasks as assigned.