Revenue Cycle Specialist

Description

JOB SUMMARY
The Revenue Cycle Specialist is responsible for managing and resolving outstanding claims and ensuring all accounts are worked systematically within prescribed timeframes. The AR Representative must adhere to a structured weekly workflow, optimizing claim trends and addressing high-dollar, oldest, and small-dollar accounts. Correspondence, medical records submission, and appeals must be completed by the end of each week to maintain compliance and minimize delays.
Requirements
Claims Management:
Work claims within 5 business days of submission to ensure timely resolution.
Prioritize and process high-dollar claims ($5,000) within 5 business days to reduce financial risk.
Conduct follow-ups with payers to resolve denials, rejections, and payment delays.
Monitor and escalate unresolved claims as appropriate to ensure compliance with payer and organizational standards.
Weekly Workflow Optimization
:
Monday: Analyze and optimize account trends, identifying opportunities for resolution and improvements in workflows.
 Tuesday: Focus on and resolve all high-dollar accounts ($5,000), ensuring timely follow-up and documentation.
Wednesday: Address the oldest claims in the system, prioritizing based on aging and financial impact.
Thursday: Work on small-dollar accounts ($5,000), ensuring all minor balances are cleared and reconciled.
Friday: Complete all pending correspondence and ensure necessary documentation is submitted to payers. Submit medical records for any claims requiring additional support.  Work on miscellaneous accounts that do not fall into specific categories, ensuring no claims are overlooked.
Finalize and send out all appeals for the week, ensuring they are submitted via certified mail for tracking and compliance purposes.
Documentation and Reporting:
Document all claim activities and payer interactions accurately and comprehensively in the system.
Maintain detailed records of high-dollar claims, appeals, and correspondence to ensure accountability.
Provide regular updates to supervisors on claim status, trends, and unresolved issues.
Compliance and Quality Assurance:
Ensure all claims are worked in compliance with federal, state, and payer regulations.
Follow organizational policies and procedures for timely appeals and resubmissions.
Participate in audits and quality checks to identify and resolve errors in claim management.
Collaboration and Communication:
Work closely with other revenue cycle team members to address barriers to claim resolution.
Communicate with payers to resolve discrepancies, delays, and denials effectively.
 Escalate unresolved or complex cases to the AR Supervisor/Manager as necessary.
Identifies delinquent accounts, aging period and payment sources by contacting third party payers
Researches insurance credit balances and regularly writes up requests for refunds
Responsible for appealing incorrectly processed claims, and if necessary, making the appropriate adjustment
Responsible for refiling primary paper claims & secondary claims within a timely manner
 Assists secretaries and patients with insurance issues and questions
Handles incoming correspondence from insurance companies
Scans documents when necessary, into the practice management system
Negotiates payments with non-contracted insurance payers
 Attends specific insurance training seminars/webinars as required
 Participates in appeals hearings as requested by specific insurance companies
Maintains privacy, confidentiality, and security of patient, client, staff, and organizational data.
Posts office and ancillary procedure charges to computer system
Balances charge totals when batch is completed
Contacts physician’s immediate staff for corrections needed in order to process the charge. If not received in a timely manner follows up with them again staff until all corrected information is received
Keeps supervisor informed of any recurring problems regarding charge batches
Follows up on all holds and make sure that all tickets put in the status of hold are cleared out within 45 days, and if not brings this to the attention of the Revenue Cycle Director
Makes sure that all tickets that are in a status approved failed due to lacking demographic information are fixed within a timely manner.
Is responsible for making sure that all information is entered on account so that a clean claim will go out.
Works with patients to obtain payment for services and provides alternative payment plans to resolve outstanding debt.
Answers main business office telephone lines and processes calls
Accurately updates financial and demographic information into the appropriate system
Interacts with collection agencies, bankruptcy and deceased patient accounts as required
Processes patient receipts per BBS standards
Identify and process patient refunds a needed
PERFORMANCE REQUIREMENTS:
Must reside in Arizona
Demonstrates acute awareness of insurance company contracts
Displays ability to analyze payment denials and compose letters of appeal
Possess ability and desire for cross training in all areas of the Business Office
Reports to work regularly without undue tardiness
Maintains positive attitude and demonstrates the utmost in professionalism
Dresses appropriately and professionally
Works independently, without supervision, completes work accurately and in a timely manner
Maintains effective working relationships with physicians, administration and other staff members
Demonstrates good communication skills with other staff members as well as patients, insurance companies, outside physician offices, and physicians
Possesses ability to identify areas of account problems and explain effectively to patients
Attends staff meetings and participates in special committees as required
Other duties and assignments as necessary, overtime as required

EDUCATION & EXPERIENCE Two years prior experience in a private practice or hospital billing/business office preferred Insurance billing experience utilizing CPT, ICD-10 and modifier coding preferred High school diploma or G.E.D required