Revenue Cycle Associate

Job Summary

To comply with and master all Government, Non-Government, and Third Party Payer regulations and contracts and to interpret these regulations to submit for processing and collect patient account balances. Interprets and applies compliance guidelines and in an effort to maintain billing integrity and reports any fraudulent or abusive practices to supervisor or other appropriate person (Compliance Officer, Supervisor, Manager, etc.). Comply and master an understanding of physician billing for each specialty type (Surgery, Oncology, Podiatry, Rheumatology, Family Medicine, etc.).

Minimum Qualifications

• High School Diploma or Equivalent
• 1 Year of experience in healthcare business office or physician office environment
• None. Required Certifications/Licensure
• Procedural knowledge of Medical/Medicaid and third party liability billing, reimbursement, and regulatory compliance
• Procedural knowledge of account receivable management and understanding of entire revenue cycle

Essential Functions

• Responsible for compliance with applicable payer policies, guidelines and regulations.
• Requires frequent contact with payers and insurers to resolve claims and determine coordination of benefits.
• Accurately interpret remittance advices, payer bulletins or advisories, fee schedules and other pertinent information.
• Responsible for meeting productivity levels as defined in the critical elements specific to the position.
• Analyzes and determines appropriate action to account balance to provide thorough and timely follow-up.
• Accurately determines when contractual adjustments are needed or to balance bill the patient for services or items that are non-reimbursable per the payer.
• Responsible for ensuring payments are posted correctly.
• Submitting corrected claims to request adjustments by payers when appropriate.
• Researchs, analyzes and resolves denied, rejected or edited claims for applicable payers.
• Responsible for accurate and prompt submission of all applicable primary and secondary claims to ensure timely payments and optimize reduction of A/R days.
• Includes obtaining all necessary information prior to billing, making corrections to errors, resolving any billing discrepancies, filing corrected claims when necessary, maintaining claim edits and rejections on billing system.
• Identifies which charges, if any, are to be written off when specific criteria have not been met.
• Responsible for communicating with the physician practice manager or other departments to resolve any claim discrepancies.
• Responsible for identifying diagnoses’ or procedures which require supporting documentation and providing documentation to payer as needed.
• Knowledge of Medical Records billing instructions relating specifically to diagnosis codes and DRG’s.
• Responsible for maintaining billing integrity, alerting supervisor of any fraudulent or abusive billing practices, (e.g., duplicate billing, overstating charges, etc.).
• Abides by Service Expectations of Lexington Medical Center.
• Actively participates in departmental meetings and stays up to date of best practice.
• Perform all other duties as assigned by authorized personnel or as required in an emergency (i.e., fire or disaster).

Benefits

We are committed to offering quality, cost-effective benefits choices for our employees and their families: Day ONE medical, dental and life insurance benefits Health care and dependent care flexible spending accounts (FSAs)Employees are eligible for enrollment into the 403(b) match plan day one. LHI matches dollar for dollar up to 6%. Employer paid life insurance – equal to 1x salaryEmployee may elect supplemental life insurance with low cost premiums up to 3x salary Adoption assistanceLHI provides its full-time employees employer paid short-term disability and long-term disability coverage after 90 days of eligible employmentTuition reimbursementStudent loan forgiveness Equal Opportunity Employer It is the policy of Lexington Health to provide equal opportunity of employment for all individuals, and to remain compliant with applicable state and federal laws and regulations. Lexington Health strives to provide a discrimination-free environment, and to recruit, select, on-board, and employ all employees without regard to race, color, religion, sex, age, disability, national origin, veteran status, or pregnancy, childbirth, or related medical conditions, including but not limited to, lactation. Lexington Health endeavors to upgrade and promote employees from within the hospital where possible and consistent with the employee’s desires and abilities and the hospital’s needs. Nearest Major Market: Columbia Nearest Secondary Market: South Carolina