The Revenue Cycle Specialist is responsible for analysis and monitoring of claims audit data across multiple platforms. Performs various follow-up activities to ensure the accuracy and appropriateness of reimbursement made to healthcare providers. Responsibilities include identifying payment variances and working internally and externally to resolve such issues.
This is a remote position.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES:
Analyze and adjust/reprice claims to ensure accurate reimbursement rates in accordance with contractual agreements and payer guidelines
Establishing and maintaining accurate pricing structures and rules to ensure competitive and profitable pricing strategies across various claims
Identify errors in reconciliation files across multiple work streams and business units for multiple sites and with external partners
Perform contract and reimbursement variance analysis
Analyze claims data to identify contractual overpayments and billing errors
Assist department and leadership in obtaining complex information from various financial, clinical and operational systems and data sources
Learn or remain current on billing protocols and regulations, federal and state regulations, and internal procedures that affect processing
Provide subject matter expertise on billing and coding guidelines and regulations as required by the department
Use internal and external billing protocols and regulations for repricing bills at a cost savings to the customer
Identify trending opportunities related to policies and procedures to ensure efficiency and accuracy in bill processing
Establish and maintain detailed knowledge and documentation of all analysis/data sources within the department
Analyze all forms of Revenue Cycle transactions
Run standard Revenue Cycle and operations reports to answer questions from department/practice managers, vendors, physicians, and other Revenue Cycle stakeholders
Produce daily, monthly and annual evaluations and statistical reports, analyzing drivers of variances over time to ensure the integrity and accuracy of revenue cycle data
Evaluate integrity of client data including actively participating with and supporting the Product and Account Management teams with trend analysis of payment and data variances
Ensure strict confidentiality of all medical records, PHI, and PII
Additional duties as assigned
KNOWLEDGE & SKILLS:
Demonstrated knowledge of claims processing, DRG Validation, CMS guidelines, and ICD-10 coding guidelines as applicable
Detailed knowledge of pay reimbursement methodology
Strong understanding of healthcare revenue cycle and claims reimbursement
Knowledge of Microsoft Office products, including Word, PowerPoint, Excel and Outlook, Windows operating system and Internet
Ability to work independently and use critical thinking
Strong analytical and problem-solving skills
Strong attention to detail and ability to deliver results in a fast paced and dynamic environment
EDUCATION & EXPERIENCE:
Claims repricing, pricing configuration, or provider maintenance experience required
3+ years of relevant experience or equivalent combination of educations and work experience
High School Diploma or equivalent required
PAY RANGE:
CorVel uses a market based approach to pay and our salary ranges may vary depending on your location. Pay rates are established taking into account the following factors: federal, state, and local minimum wage requirements, the geographic location differential, job-related skills, experience, qualifications, internal employee equity, and market conditions. Our ranges may be modified at any time.
For leveled roles (I, II, III, Senior, Lead, etc.) new hires may be slotted into a different level, either up or down, based on assessment during interview process taking into consideration experience, qualifications, and overall fit for the role. The level may impact the salary range and these adjustments would be clarified during the offer process.
Pay Range: $19.21 - $28.73 per hour
A list of our benefit offerings can be found on our CorVel website: CorVel Careers | Opportunities in Risk Management
In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening, whichever comes first.
ABOUT CERIS:
CERIS, a division of CorVel Corporation, a certified Great Place to Work® Company, offers incremental value, experience, and a sincere dedication to our valued partners. Through our clinical expertise and cost containment solutions, we are committed to accuracy and transparency in healthcare payments. We are a stable and growing company with a strong, supportive culture along with plenty of career advancement opportunities. We embrace our core values of Accountability, Commitment, Excellence, Integrity and Teamwork (ACE-IT!).
A comprehensive benefits package is available for full-time regular employees and includes Medical (HDHP) w/Pharmacy, Dental, Vision, Long Term Disability, Health Savings Account, Flexible Spending Account Options, Life Insurance, Accident Insurance, Critical Illness Insurance, Pre-paid Legal Insurance, Parking and Transit FSA accounts, 401K, ROTH 401K, and paid time off.
CorVel is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.
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