Insurance Reimbursement Specialist

Neighborcare Health Career•Seattle, WA

14d•$24 - $30

About The Position

The Insurance Reimbursement Specialist is responsible for the timely follow up and collection efforts on outstanding receivable accounts that are billed to insurance companies. The Insurance Reimbursement Specialist is responsible for ensuring payment of claims from commercial insurers, managed care plans, and state and federal plans; this includes following up on zero pay claims (denials) as well as claims for which we have not received a payer response and issues that arise during the verification of insurance coverage. The Insurance Reimbursement Specialist is responsible for the management and collection of insurance balances through the use of automated systems and revenue cycle processes. This position ensures acceptable reimbursement and appropriate days in accounts receivables with timely account follow-up and resolution of outstanding charges owed by third party payers.

Requirements

Ability to adhere to Neighborcare Health policy and procedures
Ability to be detail oriented and to problem-solving
Ability to interpret and discuss an insurance explanation of benefits and payments
Ability to meet and comply with HIPAA/Confidentiality policies and procedures
Ability to organize, problem solve, and work under pressure independently to meet critical deadlines
Ability to demonstrate predictable, reliable and timely attendance
Knowledge of Managed Care, Medicare and Medicaid guidelines
Skill in time management
Knowledge and understanding of policies and procedures governing credit balance analysis and resolution of provider contracts with insurance companies
High School diploma or equivalent required
Revenue Cycle Specialist Certification (AAHAM) after 6 months
2-3 years of medical and/or dental A/R insurance follow up and denial research

Nice To Haves

Associates degree
Revenue Cycle Specialist Certification (AAHAM)
2-5 years administrative experience in a medical facility, health insurance verification, customer service, call center or related area

Responsibilities

Accurately decipher denial reason and prospectively plans follow-up steps utilizing the electronic billing system.
Collection efforts for primary, secondary, or tertiary Insurances, which include calling commercial and government insurance companies
Review managed care contracts to determine correct reimbursement for each account
Submit written appeals for underpayments to insurance companies
Tracks, recognize trends and analyzes ways to fix/reduce payer denials and rejections.â¯
Call insurance companies to check on the status of unpaid claims
Works on and tracks outgoing and incoming correspondence from insurance companies
Understands and follows all federal, state, and local payer-billing requirements.
Print and re-file claims as needed
Answer incoming patient and insurance company phone calls as received
Work outstanding accounts receivable from work queues with proficiency and 95% accuracy
Meets individual quality and quantity performance goals