Revenue Recovery Specialist

Revenue Recovery Specialist – Exact Billing Solutions (EBS) Lauderdale Lakes, FL  Salary: $26.00 - $27.00 per hour Who We Are  Exact Billing Solutions is a unique team of revenue cycle management professionals specializing in the substance use disorder, mental health, and autism care fields of healthcare services. We have extensive industry knowledge, a deep understanding of the specific challenges of these markets, and a reputation for innovation. With our proprietary billing process, EBS is the oil that brings life to the engines of its partner healthcare companies.  EBS is poised for exponential growth, and we are building out our teams to support the expansion of global operations.  Part of the ICBD family office portfolio, Exact Billing Solutions combines entrepreneurial speed with the financial discipline of a self-funded, founder-led organization. Our growth reflects a proven ability to solve complex healthcare challenges with operational precision, scalable systems, and client-first innovation.  Our Origin Story  Exact Billing Solutions was launched to address one of healthcare’s most persistent challenges: the burden of billing and insurance administration on providers. With firsthand knowledge of how inefficiencies in revenue cycle management drain resources from patient care, our founder built a company dedicated to removing obstacles, accelerating cash flow, and delivering peace of mind to clients across specialties.  Recognition & Awards  Exact Billing Solutions contributes heavily to the success of the broader ICBD family office ecosystem and benefits from the recognition awarded to other portfolio companies, including:  Inc. 5000, 2024 – Top 5 Fastest-Growing Private Companies in America (ABA Centers of America)  EY Entrepreneur Of The Year® U.S. Overall  Florida Trend Magazine – 500 Most Influential Business Leaders  About the Role The Revenue Recovery Specialist is responsible for monitoring, analyzing, and appealing outpatient-based claim payment variances for behavioral healthcare cases with the goal of optimizing revenue recovery, assessing payor agreement compliance, and communicating reimbursement issues to management. The principal functions of the position identified shall not be considered as a complete description of all the work requirements and expectations that may be inherent in the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.  Key Responsibilities The following are duties and responsibilities that the Revenue Recovery Specialist shall provide: Use internal data and systems to research delinquent or underpayment accounts, identify and document them, and track and summarize payment variances to determine appropriate actions to be taken. Document appeals of payment variances and reimbursement amounts recovered. Help develop a knowledgebase and understanding of payor regulations or requirements, terms of Single Case Agreements (SCAs), third-party payor regulations, payment agreements, coverage and benefit plans, coordination of benefits, payment terms, and all other conditions affection payment. Analyze internal processes, technical system issues, and payor processing/system issues and determine/communicate corrective actions to resolve payment variances. Perform special projects to resolve recovery issues, settle with payors, and optimize revenue recovery. Requirements Qualifications The Revenue Recovery Specialist requires a minimum of a(n): Bachelor’s degree in Accounting, Business Administration, or other finance-related area is preferred (OR a combination of education and experience resulting in comparable knowledge and abilities). 3+ years in business, insurance, or managed care industry settling patient accounts or a related healthcare area such as utilization management, case management, or hospital audit and reimbursement. Experience in health-related agreements involving rate and language analysis, audit and reimbursement, claims denial, and appeals preferred. Knowledge or willingness to learn fundamentals of coding CPT/HCPCS, ICD-10, and DRG is preferred. Willingness to submit to drug and background screenings. Benefits Outstanding Benefits  21 paid days off (15 PTO days, increasing with tenure, plus 6 holidays)  Flexible Spending Account (FSA) and Health Savings Account (HSA) options  Medical, dental, vision, long-term disability, and life insurance  Generous 401(k) with up to 6% employer match  About Exact Billing Solutions  Exact Billing Solutions is committed to building a culture of professionalism, accountability, and operational excellence. We believe billing is more than a back-office function—it’s a vital part of delivering quality healthcare. By hiring individuals with the right blend of expertise, integrity, and client focus, we empower providers to thrive while making the business of healthcare more efficient and sustainable.  Join our mission and help transform healthcare billing with precision and purpose  Exact Billing Solutions participates in the U.S. Department of Homeland Security E-Verify program.