What are the responsibilities and job description for the Medical Billing Specialist - Accounts Receivable position at EXCELSIOR ORTHOPAEDICS GROUP?
Job Details
Job Location
Excelsior Orthopaedics Amherst NY - Amherst, NY
Position Type
Full Time
Education Level
High School
Salary Range
16.50 - $29.70 Hourly
Travel Percentage
None
Job Shift
Job Description
Job Summary : The Medical Billing Specialist - Accounts Receivable is responsible for managing and following up on claims, processing payments, and ensuring the timely collection of outstanding accounts. This role involves working closely with insurance companies, patients, and healthcare providers to maximize reimbursement and maintain accurate account records.
Duties and Responsibilities :
- Accounts Receivable Management : Track and monitor outstanding payments to ensure timely collection and follow-up with insurance companies and patients for unpaid balances.
- Claims Processing : Submit and manage insurance claims to ensure proper processing and payment. Identify and resolve any claim issues or rejections.
- Payment Posting : Accurately post payments from insurance companies and patients to accounts, ensuring all balances are updated.
- Reconciliation : Reconcile accounts and resolve any discrepancies between expected and actual payments.
- Denial Management : Investigate and resolve denied claims, resubmitting as necessary to secure payment.
- Patient Billing : Send out statements to patients, handle inquiries, and establish payment plans as required.
- Reporting : Generate regular reports on accounts receivable, aging balances, and collections to provide insight into financial performance.
- Compliance : Adhere to HIPAA regulations and maintain the confidentiality of patient information and billing records.
- Communication : Collaborate with healthcare providers, insurance representatives, and patients to clarify billing issues and improve claim outcomes.
Job Qualifications
Physical Demands :
Salary : $17 - $30
