Outpatient Revenue Recovery Specialist

2 weeks ago


New Haven Connecticut, United States Yale New Haven Health Full time

Position Summary:


At Yale New Haven Health, we believe that every team member should embody our Vision, support our Mission, and uphold our Values. Our core values - integrity, patient-centered care, respect, accountability, and compassion - are essential in guiding our actions as professionals every day.


The Outpatient Revenue Recovery Specialist plays a crucial role in minimizing financial risks and reclaiming lost income associated with coding and medical necessity disputes.

This role encompasses a variety of responsibilities, including:

managing medical disputes through thorough analysis of clinical records, crafting persuasive arguments grounded in clinical evidence and payer policies, submitting appeals promptly, and identifying as well as addressing denial patterns to prevent potential revenue loss.

The Outpatient Revenue Recovery Specialist will also engage in audit-related compliance tasks and other administrative functions as necessary.

This position requires close collaboration with internal teams and managed care organizations to resolve issues and facilitate reimbursement for successful appeals.

EEO/AA/Disability/Veteran

Key Responsibilities:

  • Investigates payer disputes related to medical necessity, coding, and other factors leading to payment delays.
  • Assesses outpatient clinical disputes against medical documentation, encounter coding, payer policies, and coverage decisions to evaluate the potential for appeal.
  • Gathers supporting documentation by collaborating with internal departments and utilizing technology, drafting detailed and tailored appeal letters to payers in accordance with Medicare, Medicaid, Commercial, and YNHHS guidelines.
  • Monitors and tracks the receipt of appeals, ensuring timely follow-up on all submissions until a resolution is reached.
  • Identifies trends in payer disputes, triages discrepancies, and addresses ongoing issues related to medical necessity, coding, or services, collaborating or escalating as needed for resolution.
  • Work internally to create educational opportunities based on common themes identified through the appeal process to help prevent future disputes.
  • Maintain key denial metrics and performance data, developing and sustaining reports that highlight trends and action plans. Participate in organizational committees to present findings as required.
  • Engage directly with payers and coordinate meetings with contracting and payer representatives as necessary to support the appeals process.
  • Perform additional duties as assigned.

Qualifications:

EDUCATION
Completion of two (2) years of college or equivalent experience, with a solid understanding of medical terminology and anatomy. Familiarity with coding, billing, and the revenue cycle is essential. A working knowledge of human anatomy and physiology, disease processes, and demonstrated proficiency in medical terminology and medical records is required.

EXPERIENCE
A minimum of three to five years of experience in coding and/or billing is required. Prior experience with governmental and managed care denial and appeal processes, including familiarity with Recovery Audit Contractors (RAC), is essential. Knowledge of medical and insurance terminology, as well as CPT and ICD coding structures, is necessary; experience with billing forms (UB, Epic HB billing knowledge preferred) is advantageous.

LICENSURE


Certification as a Certified Coding Specialist (CCS), Certified Coding Specialist Physician-based (CCS-P) through the American Health Information Management Association (AHIMA), or Certified Professional Coder (CPC) or Certified Outpatient Coder (COC) through the American Academy of Professional Coders (AAPC) is required, or must be obtained within one year of hire.


SPECIAL SKILLS
Comprehensive knowledge of documentation elements within medical records is essential. Expertise in governmental payment policies and regulations, including medical necessity, National Correct Coding Initiative (NCCI), Outpatient Code Editor (OCE), and Medically Unlikely Edits (MUE) policies and procedures is required.

The ability to analyze and resolve coding and medical necessity payer disputes through a deep understanding of payer policies and appeal processes is crucial. Previous experience with clinical disputes and appeals across all payers is preferred.



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