Patient Financial Representative - Burr Ridge, United States - The University of Chicago Medicine Ingalls Memorial

The University of Chicago Medicine Ingalls Memorial

Verified Company

Burr Ridge, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Job Description:

Join a world-class academic healthcare system,
Ingalls Memorial Hospital, as a
Patient Financial Services Representative - Finance in the Patient Accounts department.

LOCAL REMOTE OPPORTUNITY

Job Summary
The Patient Financial Services Representative ("PFS Representative") will be responsible for the account receivables management for Ingalls Memorial Hospital.

This position requires detailed analysis and critical thinking to determine what is necessary to ensure timely and efficient resolution of an account.

This position promotes revenue integrity and accurate reimbursement for the organization by enduring timely and accurate billing and collection of accounts.

Maintains and monitors integrity of the claim development and submission process. Acts as a liaison between patients, providers, and payers for all post-care matters related to account resolution.

The PFS Representative maintains an understanding of federal and state regulations, as well as requirements specific to Medicare, Medicaid, and fiscal intermediaries to promote compliant claims for governmental claims.

Maintains third-party payer relationships, including responding to inquiries, complaints, and other correspondence. Additionally, this individual must follow departmental productivity and quality control measures that support the organization's operational goals. All PFS representatives will participate in process improvement and cross-training activities on an ongoing basis.

Essential Job Functions

Follows best practices in all patient financial services activities.
Utilizes tools and work queues to identify and prioritize work.
Demonstrates teamwork and integrity in all workrelated activities to continually improve services and engage in process improvement activities.
Documents all patient accounts activities concisely, including future steps needed for resolution.
Complies with state and federal regulations, accreditation/compliance requirements, and the Hospital's policies, including those regarding fraud and abuse, confidentiality, and HIPAA.
Performs billing and followup activities for claims.
Works daily electronic billing file and submits insurance claims to thirdparty payers.
Documents billing activity on the patient accounts; ensures Hospital compliance with all state and federal billing regulations and reports any suspected compliance issues to the appropriate supervisor.
Reviews daily edit reports from the billing system
Prepares and submits manual insurance claims to thirdparty payers who do not accept electronic claims or who require special handling.
Contacts thirdparty payers to determine reasons for outstanding claims and communications with payers to facilitate timely payment of claims.
Investigates any overpayments and underpayments and Medicare bad debt reporting policies in compliance with the Centers for Medicare & Medicaid Services (CMS) guidelines.
Serves as the hospital's primary contact for all patient billing inquiries. Accepts inbound phone calls from patients, physician offices, and insurance carriers.
Collects patient payments and follows levels of authority for posting adjustments, refunds, and contractual allowances. Assist patients in understanding billing statements to ensure swift resolution.
Reviews and processes financial assistance requests, documents approval/denials.
Accurately post payments and adjustment, resolve credit balances, and monitor trends and compile reports for leadership, among other duties.
Prepares, posts, and processes payment batches; posts denials, contractual adjustments, and guarantor payments within payment batches; and ensures all payments batches are balanced.
Reconciles bank deposit and patient accounts.
Investigates the source of unidentified payments to ensure they are applied to appropriate accounts.
Analyzes EOB information, including copays, deductibles, coinsurance, contractual adjustments, denials, and more to verify accuracy of patient balances.
Reconciles EOB's to make necessary adjustments.
Determines reason for credit balances and is responsible for accurate completion and resolution of potential credit balances for health plan payers and patients/guarantors.
Identifies and examines underpayments/unapplied credits to determine if additional payment can be pursued, or if refund is necessary; follows up with payers and patients as appropriate.
Generates refund requests and routes the resolution to accounts payable for patients and third party payers; refunds overpayments and/or transfers payments to the appropriate account/accounts. Responsible for correcting errors in the calculation and posting of insurance contractual adjustments