Billing and Finance Associate

Job Description

Job Description

More than a job. Making a difference.

You can make a difference every day as part of Comfort Health’s team. Comfort Health located in Rochester, MN was founded over 40 years ago, providing services today in both residential homes and assisted living facilities rooted on values of respect, dignity, and compassion – and that caring extends not to only the clients and families we care for, but to our entire team, colleagues, and community.

Currently we are looking for a Billing and Finance Associate to join hour team. Supervised by the Director of Operations, the Billing and Finance Associate is responsible for managing accurate, timely completion and submission of all the billing, collections, and accounts receivable functions of the organization and for supporting agency financial operations, ensuring accuracy in financial reporting, and contributing to the overall financial health of the organization.

Position Responsiblities :

• Ensures that billing and patient account record systems are maintained in accordance with generally accepted accounting principles and compliance with state and federal regulations.
• Ensures reimbursement through efficient billing and collections operations and effective accounts receivable management.
• Maintains comprehensive working knowledge of payer contracts and ensures that payers are billed according to contract provisions.
• Maintains comprehensive working knowledge of government billing regulations including Medicare and Medicaid regulations and serves as a resource for appropriate organization personnel.
• Monitors aged accounts receivables and resubmits bills to overdue accounts, submits seriously overdue accounts to collection agencies for collection, and prepares bad debt reports for the Finance Manager.
• Gathers, collates, and reports key billing information to the Finance Manager.
• Collaborates with the Finance Manager in successfully reconciling the billing system reports with the general ledger.
• Accurately enters patient billing data, including visit charges and supply charges, into the information system.
• Accurately processes and bills patient claims to Medicare, Medicaid, County Waivers, Commercial Insurance, and Private Pay in accordance with payer requirements and organization policy.
• Assists in the preparation of monthly billing and accounts receivable reports.
• Maintains accurate Medicare, Medicaid, County Waiver, Commercial Insurance and Private Pay billing analysis reports.
• Maintains complete and accurate billing and accounts receivable records.
• Files all elements of patient records daily.
• Processes new patient referral billing information into the computer system on a timely basis.
• Sends quarterly Medicare Credit Balance Reports to the intermediary.
• Prepares Medicare, Medicaid, County Waivers, Commercial Insurance and Private Pay patient remittances for EDI and data entry.
• Alerts appropriate management team members regarding late or missing documents required for billing.
• Assists with the collection of receivables by monitoring accounts receivables, resubmitting bills to overdue accounts, and alerting the billing manager of seriously overdue accounts.
• Maintains the confidentiality of patient and organization information at all times.
• Performs other specific projects relating to billing, data entry, and computer operations as required.
• Supervises the use of the billing information systems and maintains a comprehensive working knowledge of the systems including upgrades and enhancements.
• Establishes and maintains positive working relationships with patients, family members, payers, and referral sources.
• Protects the confidentiality of patient and organization information through effective controls and direct supervision of billing operations.
• Assists in the preparation of financial statements and reports, ensuring compliance with accounting standards.
• Assists with contractual negotiations.
• Maintains accurate records of financial transactions and support month-end closing processes.
• Analyzes financial data to identify trends, variances, and areas for improvement.
• Collaborates with team members to streamline financial processes and enhance efficiency.
• Utilizes financial software to manage budgets, forecasts, and reporting tools.
• Supports audits by providing necessary documentation and explanations as required.
• Responds to internal inquiries regarding financial data and reporting.
• Prepares the yearly Cost Report for Medicare.

Position Qualifications

The above statements are intended to be a representative summary of the major duties and responsibilities performed by incumbents of this job. The incumbents may be requested to perform job-related tasks other than those stated in this description.

LOCATION :

BENEFITS :

We pride ourselves on hiring the most compassionate, skilled professionals and we invest in our teams with the tools and resources needed to support personal and professional growth and development; as well as the tools and resources needed to safely perform their duties.

If you believe our company and the position of Billing and Finance Associate could be the one for you, apply on-line at www.comforthealth.org

Comfort Health is a licensed home health care provider with the Minnesota Department of Health & Medicare / Medicaid certified and we are an equal opportunity employer (EOE / AA).