Reconciliation Representative, Revenue Cycle (FT-Tinton Falls))

Overview

Responsibilities

• Reviews organizational billing practices to ensure invoice/claims accuracy and proper revenue recognition.
• Acts as a liaison with other departments to adjust or reconcile financial data.
• Researches customer complaints and makes necessary adjustments and/or recommendations to resolve issues.
• Analyzes and records variances in Epic at time of account adjudication. Accurately and thoroughly documents activity performed.
• Performs account analysis to ascertain the balance on an open account to determine if balance is due from payer or patient. Maintains inventory, adjudicates timely and resolves high priority issues to prevent accounts from aging unnecessarily.
• Processes all denials and correspondence in a timely manner; analyzes, categorizes and routes all denials to initiate an appeal process which ensures maximizes revenue and cash flow.
• Evaluates credit balance for patient and health plan refunds and assesses patient accounts to calculate accuracy of refund. Ensures timely processing of patient refund to avoid patient complaints.
• Reconciles Managed Care, Medicare and other Governmental payments and/or denials to the explanation of benefits. Performs comparison of EOB to the negotiated rates for accuracy of reimbursement. Posts appropriate allowance due to system calculation discrepancies.
• Provides statistical data on payment discrepancies, which enables management to accurately monitor Accounts Receivable activity on an on-going basis. Data provided will be forwarded to Information Technology for contract management correction and/or updates may also result in payer escalation.
• Responds to patient or payer phone inquiries regarding refund process and payment related inquiries.
• Performs analytical support to Patient Accounting and Finance staff as it relates to monthly cash receipt and posting.
• Contacts payers, patients, other departments and/or agencies to secure the appropriate information to properly adjudicate the account.

Qualifications

• Associate's degree with a concentration in Accounting, Finance, Billing, Coding, another related field, or equivalent relevant experience.
• Minimum of 2+ years experience in patient accounting/revenue cycle operations.
• Demonstrated knowledge of Managed Care Contracts, Medicare, and Medicaid.
• Possesses beginning to working knowledge of subject matter.
• Proficiency in Google Suite/Microsoft Office applications, SMS, EPIC and/or other hospital billing systems.
• Good analytical skills.
• Excellent written and verbal communication skills
• Excellent interpersonal skills.
• A certain degree of creativity and latitude is required.

• Experience in Healthcare.
• Good basic accounting skills.
• Fast and accurate data entry skills.

• Must successfully pass completion of EPIC assessment within 30 days after Network access granted