Healthcare Collections Associate

2 weeks ago


Tracy, California, United States Pacific Medical Inc. Full time
Position Overview

Established in 1987, Pacific Medical, Inc. is a prominent distributor of durable medical equipment, focusing on orthopedic rehabilitation, arthroscopic surgery, sports medicine, prosthetics, and orthotics. Our mission is to enhance patient care through exceptional service and advanced product technology.

We are currently seeking dedicated individuals for the role of Medical Insurance Collections Specialist at our Tracy office. This is a full-time position with working hours from Monday to Friday, 8:00 am to 5:00 pm.

Key Responsibilities:
  • Engage with insurance providers regarding outstanding invoices.
  • Input Explanation of Benefits (EOBs) into the system and investigate returned claims.
  • Perform follow-ups through phone and written communication on unpaid claims.
  • Optimize cash collection efforts while reducing the time frame for collections.
  • Investigate and resolve open accounts efficiently and professionally.
Qualifications:
  • Minimum of 1-2 years of experience in Medical Collections
  • Typing speed of 31-45 words per minute.

Essential Skills:

  • Ability to read and interpret medical records is required.
  • Familiarity with Endeavor and/or Medicare IVR systems.
  • Understanding of how to read and interpret EOBs.
  • Knowledge of HMO and PPO plans.
  • Familiarity with patient medical records to ascertain correct Medicare criteria.
Compensation:

Hourly Rate: $16.00 to $26.00

  • Annual Salary Range: $33,280 to $54,080

Overtime Rate: $24.00 to $39.00

  • Potential for significant overtime hours.
Bonus Opportunities:

Production Bonus: Up to $750 per month, potentially increasing hourly rate by up to $4.33.

Profit Bonus: Up to $1,000 per month, potentially increasing hourly rate by up to $5.77.

Total Compensation Potential:
  • Annual Base Pay: Estimated at $38,000, including overtime and bonuses.
  • Mid-Range Annual Pay: Estimated at $59,473, including overtime and bonuses.
  • Top Annual Pay: Estimated at $80,893, including overtime and maximum bonuses.
Benefits:

All full-time positions offer a comprehensive benefits package, including:

  • Medical, Dental, and Vision Insurance
  • Employer-paid Life Insurance for Employees
  • Voluntary Benefits
  • Medical and Dependent Flexible Spending Accounts (FSA)
  • Health Savings Account (HSA)
  • 401(k) plan (available for employees 21 years or older)
  • Financial Wellness Planning
Additional Benefits:
  • 3 to 4 weeks of Paid Time Off
  • 10 paid holidays per year
  • Vacation accrual starting after a 3-month introductory period
  • Sick leave accrual from the date of hire


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