What are the responsibilities and job description for the Revenue Cycle Specialist position at Damar Services, Inc.?
At Damar, our people are remarkable! Our staff are dedicated to serving our clients to achieve remarkable results. We are a diverse team of people with a wide range of skills and experiences interested in careers that matter. We provide a place where you can fulfill your career ambitions. With competitive benefits, a culture of compassion, belonging, acceptance, innovation and fun, Damar offers you the opportunity to do remarkable work!
Damar is looking for a talented and motivated Revenue Cycle Specialist to join our team onsite at our main campus in Indianapolis, IN. The Revenue Cycle Specialist is responsible for managing the financial aspects of the organization's revenue cycle, including medical billing, collections, and reimbursement. They will ensure accurate and timely billing, maximize revenue, and minimize denials and payment delays. The Revenue Cycle Specialist will also analyze and resolve billing issues, communicate with insurance companies and patients, and maintain up-to-date knowledge of billing regulations and guidelines.
Some of the ways we reward our remarkable Revenue Cycle Specialist...
- Enjoy Medical, Dental and Vision Insurance options
- Receive up to $3,000 a year in Tuition Assistance
- Save for your retirement with our 401(k) Plan Participation
- Take care of loved ones through our Damar provided Life Insurance and additional voluntary options
- Protect your income through Short Term and Long Term Disability Insurance options
- Enjoy eligible holidays at home while getting paid with our Paid Holiday plan
- Take paid time off for rest and relaxation with our PTO plan
Remarkable way you will make a difference...
- Reviews and analyzes patient medical records to ensure accurate and complete documentation for billing purposes.
- Prepares and submits claims to insurance companies, government payers, and other third-party payers.
- Follows up on unpaid or denied claims, including appealing denials and resolving billing discrepancies.
- Monitors and tracks outstanding accounts receivable, identify delinquent accounts, and take appropriate actions to collect payments.
- Communicates with insurance companies, patients, and other stakeholders to resolve billing issues and answer inquiries.
- Stays updated on changes in billing regulations, coding guidelines, and reimbursement policies to ensure compliance and maximize revenue.
- Collaborates with other departments, such as coding and medical records, to ensure accurate and timely billing processes.
- Provides training and support to staff members on billing processes, coding guidelines, and insurance requirements.
- Generates and analyzes reports related to billing, collections, and revenue performance, and provide recommendations for improvement.
- Maintains confidentiality of patient information and adheres to HIPAA regulations.
- Analyze monthly billing to assure ALL sales are captured and accounted for; look for discrepancies and correct immediately.
- Assists with annual financial audit and provide information needed by auditors.
What you need to be considered...
- High School Diploma or equivalent; associate or bachelor's degree in healthcare administration or related field preferred.
- Minimum of 2-3 years of experience in medical billing and revenue cycle management.
- Strong knowledge of medical billing processes, coding guidelines, and reimbursement policies.
- Proficient in using billing software and electronic health record systems.
- Knowledge of HIPAA regulations and patient privacy laws.
- Minimum age of 21 depending on program and / or department requirements.
- Successful completion of pre-employment drug screen and physical.
- Must meet and maintain background screening requirements for all Damar Programs as detailed in policy 1.HR.02 Pre-Employment and Employee Background Checks.
Essential Job Functions:
Physical: Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight (up to 35lbs); to operate office equipment requiring repetitive hand movement and fine coordination including use of a computer keyboard; to travel to other locations using various modes of private and commercial transportation; and to verbally communicate to exchange information.
Vision: See in the normal visual range with or without correction.
Hearing: Hear in the normal audio range with or without correction.
Salary : $3,000
