Revenue Cycle Representative (Hybrid) Offsite
University of Iowa · Iowa City, IA · 3 days ago
Full-time
Patient Revenue Management
- Assist patients and staff with benefits investigation and enrollment of patients into pharmacy services (i.e. specialty pharmacy).
- Communicate with patients, pharmacists and/or providers to gather relevant demographic information.
- Initiate and follow through for required prior authorizations, which may include pharmacy or medical authorizations.
- Aid clinical pharmacy specialists or other providers with initiation of appeals when applicable.
- Aid with copay/coinsurance assistance when applicable.
- Communicate with patients, insurance companies, credit/collections for payment acquisition, pre-authorization, and to resolve patient account inquiries.
- Appeal/troubleshoot claim payments and/or denials using available resources.
- Provide accurate documentation of all activities as required by accrediting agencies, payers, and/or administration.
- Maintain reimbursement activity for medications to ensure UI Health Care receives full and accurate reimbursement for pharmacy services in compliance with payor rules and regulations.
- Maintain compliance standards and policies to ensure UI Health Care receives full and accurate reimbursement for services in compliance with payor rules and regulations.
- Resolve pharmacy billing discrepancies and identify possible trends.
- Identify areas to improve the billing process.
- Identify areas to improve the benefits investigation and prior authorization process.
- Participate in standard pharmacy operations as the need arises.
Operations and Performance Standards
- Utilize tools and processes to maximize the efficiency of the revenue cycle.
- Resolve pharmacy billing discrepancies and identify possible trends.
- Identify areas to improve the billing process.
- Identify areas to improve the benefits investigation and prior authorization process.
- Comply with established cash handling policies and procedures of the institution and department.
- Assist with the evaluation and implementation of new products/technology.
- Assist with the evaluation and implementation of new policies and procedures.
- Participate in standard pharmacy operations as the need arises.
Reporting
- Analyze and prepare routine reports to identify trends and aid in making financial decisions.
- Compile information for audits as they arise from compliance and insurance/third party payors in a reportable manner.
- Report discrepancies found during report analysis.
- Document activities required by accrediting agencies, payors, and/or administration (i.e. workload statistics, phone statistics, etc.).
Communication/Training
- Communicate with providers, payors, patients, co-workers, supervisors, and departments to resolve revenue cycle issues.
- Understand the importance of effective business communication and maintaining professionalism in difficult situations.
- Participate in orientation of pharmacy technicians, pharmacists, pharmacy residents, and others within the department on pharmacy billing practices.
- Complete and maintain compliance with all competencies and educational requirements.
Education Requirements
- Completion of a Bachelor’s degree or equivalent combination of education and experience.
Experience Requirements
- Previous experience in customer service.
- Proficiency with computer software applications (i.e. Microsoft Office Suite – Word, Excel, Outlook, PowerPoint) or comparable programs.
- Strong attention to detail and proven ability to gather and analyze data and keep accurate records.
- Self-motivated with initiative to seek out additional responsibilities and tasks along with generating suggestions for improving workflow.
- Educated and skilled in effective verbal and written communication skills, active listening skills, and the ability to maintain professionalism while handling difficult situations.
- Demonstrated effective problem solving abilities and meets challenges with resourcefulness.
- Familiarity with medical terminology.
Desired Qualifications
- Experience working in a complex hospital system is highly desirable.
- Experience working in a collaborative team environment is desirable.
- Pharmacy experience is desirable.
- Knowledge of healthcare billing, experience working with insurance and/or federal and state assistance programs is desirable.
- Experience working with multiple technology platforms (i.e. Epic, GE) is desirable.
- Knowledge and understanding of the Health Insurance Portability and Accountability Act (HIPAA) is desirable.
- Professional experience working effectively with individuals from a variety of backgrounds and perspectives.