The position is responsible for balances due from patients, insurance carriers, and third-party payers. Team member will collect patient payments, set up payment plans and payroll deductions from team members, follow-up on outstanding insurance denials, work claim error in the clearinghouse system, and post patient and insurance payments for Home Care/Hospice accounts.
RESPONSIBILITIES (ESSENTIAL FUNCTIONS):
- Accurately posts payments and creates payment plans for upcoming services and/or outstanding balances.
- Reviews balances and communicates to patient and other affected parties about outstanding balances.
- Assists patients in resolving account questions and concerns.
- Responsible for coordinating and completing financial assistance application for charity care program.
- Responsible for understanding the revenue cycle, including all involved parties and appropriate escalation pathways.
- Contacting payers, via website, phone and/or correspondence, regarding reimbursement of unpaid accounts over thirty (30) days or more, also researching and following up on denials and requests for additional information.
- Interpret Managed Care/Commercial contracts and/or Medicare and Medicaid rules and regulations to ensure proper reimbursement/collection.
- Make necessary adjustments as required by plan reimbursement.
- Performs payment validation by utilizing internal and/or external resources to ensure proper reimbursement.
- Reviews, researches, and appeals partially denied claims for reconsideration.
- Responsible for contacting patients to gain additional information required to resolve an outstanding insurance balance.
- Responsible for posting payments both electronically and manually.
- Analyzes, investigates, and resolves claims errors in the clearinghouse system to ensure claims are filed to carriers timely.
- Regular attendance and punctuality for scheduled shifts.
- Maintains professional and technical knowledge through continuing education opportunities including internal and external educational offerings.
- Must adhere to safety protocols at all times.
- Per DRH policy, all required conditions of employment must be met and maintained including required vaccinations.
- Implement DRH Standards of Behavior and exhibit behaviors consistent with DRH core values.
- Performs other related duties as assigned.