Role Description
The Revenue Cycle Analyst will play a vital role in optimizing the revenue cycle process. This position is responsible for analyzing and managing various aspects of the revenue cycle process, including billing, collections, coding, and reimbursement.
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Ensure accurate coding, charge capture, and billing practices in compliance with industry standards (i.e., CPT ICD-10, HIPAA)
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Collect data from our Clients daily or weekly, to generate claims using various software platforms.
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Manage and monitor claims to maximize timely and accurate reimbursement, including claim submissions, denial management, and appeals.
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Identify opportunities to enhance revenue capture, minimize revenue errors, and reduce bad debt through analysis of key performance indicators.
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Analyze payer contracts, fee schedules, and reimbursement to ensure proper reimbursement is made on paid claims.
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Track claims that are pending due to missing or incomplete documentation (i.e.: DIF, RX, authorization, etc.).
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Ensure claims are submitted promptly to insurance companies within their specified filing period.
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Regularly make follow-up calls to insurance providers to check the status of claims not settled within 30 days or their standard processing time.
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Timely submission of appeals to secure correct payment for outstanding claims.
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Address partial payments and denials promptly while also submitting and following up on secondary claims for resolution.
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Deliver outstanding communication to clients both verbally and in writing.
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Recognize and report any issues or patterns to management as necessary.
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Work claims rejected in the claimβs clearinghouse and resubmit them as required.
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Ensure that notes are recorded within the clientβs software platform in a clear, concise, and timely manner.
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Additional duties as assigned.
Qualifications
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Desired one year experience in revenue cycle analysis within the healthcare industry, preferably in infusion.
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Minimum of a high school diploma or GED is required.
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Post-Secondary education in a medical discipline highly desired.
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Knowledge of Windows, Word, and Excel is highly desired.
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Excellent telephone and communication skills essential.
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Strong analytical skills and attention to detail.
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Familiarity with healthcare IT and revenue management software.
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Ability to work independently and as part of a team.
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Not required but desired experience with CPR+, Caretend, Weinfuse, HcN360.
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The ability to use logic as a problem-solving skill and able to recognize trends to make decisions to improve business.