Patient Account Specialist

1 week ago


Bala Cynwyd, United States Pennsylvania Medicine Full time

Pennsylvania Medicine, a leading academic medical center, is dedicated to delivering exceptional patient care and advancing medical research.

Job Summary

We are seeking a highly motivated Patient Account Specialist to join our team in the Patient Accounting department. This role plays a critical part in ensuring the efficient collection of outstanding patient accounts, thereby contributing to Penn Medicine's cash flow and accounts receivable.

Key Responsibilities
  • Monitor and manage accounts receivable to optimize cash flow.
  • Accurately document collection activities on the Patient Accounting system.
  • Facilitate timely payments with insurance carriers through proactive communication.
  • Prepare accounts for bad debt review based on established procedures and management approval.
  • Initiate adjustments and corrections to accounts to maintain accurate records.
  • Process late charges, re-bills, insurance discounts, refunds, and audit discrepancies efficiently.
  • Diligently follow up with patients and insurance carriers to resolve outstanding balances.
Requirements
  • H.S. Diploma or equivalent (required).
  • At least 1 year of experience in hospital patient accounting (required).
  • Familiarity with hospital billing and reimbursement principles (required).
  • Broad understanding of healthcare terminology and concepts (required).
Benefits

Penn Medicine offers a comprehensive benefits package that includes competitive compensation, paid time off, and opportunities for career growth and development.

The estimated salary range for this position is $45,000-$60,000 per annum, depending on qualifications and experience.



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