Cash Management and Revenue Optimization Specialist
6 days ago
About the Role
As a Cash Management and Revenue Optimization Specialist at BrightSpring Health Services, you will play a crucial role in maximizing costs and minimizing expenses. This position requires strong analytical skills to analyze aging for assigned operations and follow up on all outstanding accounts.
Main Responsibilities
- Analyze and resolve outstanding accounts receivable, ensuring timely payment and minimizing write-offs
- Provide detailed coding and comments for all outstanding balances
- Rebill claims for collectible AR and maintain accurate records of payments
- Process revenue adjustments throughout the month for assigned Operations
- Balancing, reviewing, and gaining approvals for revenue adjustments
- Maintain open communication with Billing Specialist, Cash Application Analyst, and Operations
- Send cash transfer and check requests to the cash team
- Conduct monthly calls with business managers at the operations to discuss reimbursement issues and billing obstacles
- Prepare and document allowances and/or revenue adjustments for future months to assist in forecasting
- Timely follow up on insurance claim denials, exceptions, or exclusions
- Regularly meet with Business Office Manager in Operations to discuss and resolve reimbursement issues or billing obstacles
- Attend monthly staff meetings and continuing educational sessions as requested
Requirements
We are seeking a qualified candidate with a minimum of 2 years of experience in healthcare billing, private insurance, and/or federally funded programs, researching agings and claims. A strong understanding of remits for denial reasons and experience with State Billing Portal sites is preferred. The ideal candidate should have excellent communication skills (email and phone), strong Excel skills, and the ability to read and understand conditions of payment.
Compensation
The salary range for this position is $18.00 - $21.00 per hour.
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