Revenue Specialist
4 days ago
Job Description:As a Medical Revenue Specialist, you will be responsible for managing various aspects of the revenue cycle, including patient invoicing, account balance management, and payment collections. Additionally, you will play a key role in ensuring the accuracy of care plan pricing, charge captures, and financial agreements. We are looking for a candidate with a strong understanding of medical billing processes, excellent communication skills, and a commitment to providing exceptional service to our patients.
Key Responsibilities:
- Prepare and process patient invoices manually, ensuring accuracy and compliance with billing standards.
- Manage a high volume of patient account balances daily, proactively identifying and resolving any discrepancies.
- Coordinate care plan payment collections, liaising with patients to facilitate timely payments.
- Prepare comprehensive financial agreement forms for care plans, outlining payment terms and responsibilities.
- Conduct thorough reviews of care plan pricing structures to ensure competitiveness and profitability.
- Accurately capture charges for services rendered, maintaining detailed documentation and adherence to coding guidelines.
- Collect intake deposits and prepare financial agreement forms to initiate care plans effectively.
- Monitor and analyze revenue cycle performance metrics, identifying areas for improvement and implementing corrective actions as needed
- Assist with accounts receivable collections, following up on outstanding balances and resolving billing inquiries
- Conduct regular audits of billing records and documentation to ensure compliance with regulatory requirements
- Provide training and support to staff members on billing processes, coding guidelines, and revenue cycle best practices
- Stay informed about changes in healthcare regulations and industry trends, ensuring compliance and continuous improvement in revenue cycle operations
- Bachelor's degree in Healthcare Administration, Finance, or related field preferred
- 2+ years of experience in medical billing, revenue cycle management, or similar role
- Proficiency in medical billing software and Microsoft Office Suite
- Strong understanding of medical coding and billing practices
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