Insurance Verification Specialist Iii - Newport Beach, United States - Hoag Memorial Hospital Presbyterian

Hoag Memorial Hospital Presbyterian

Verified Company

Newport Beach, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Salary Range:
$ $ /hour. Actual compensation may vary based on geographic location, work experience, skill level, and education.

The Insurance Verification Specialist verifies insurance and benefits coverage for services in assigned department(s)._
This role works directly with patients, insurance companies, and clinical departments to verify insurance coverage, obtain proper authorizations, and ensure timely reimbursement of services.
He/she reviews physician orders for medical necessity and accuracy and provides clinical documentation to support proper authorization. Accurately and timely codes insurance in the billing system.
Provides patient education of service of benefits, status of pending or denied authorizations, and gets assistance in resolving.
Determines copayment and deductible amounts, maintains charge entry, and reconciles daily charges.
Accurately enters insurance benefits and authorization information into patient accounts.
Seeks assistance as needed to maintain service levels.
May arrange for peertopeer evaluations between physician offices and insurance companies as requested.
Performs other duties as assigned.
Additionally, the Insurance Verification Specialist III handles more complex accounts and higher volumes.
Tightly monitors daytoday inventory to ensure insurance authorizations are in place before services are rendered.
Maintains productivity expectations with low error rates.
Verifies that scheduled services match with the Physician orders on file.
Interprets medical policies and Local Coverage Determination (LCDs) to determine coverage requirements and to facilitate proper authorizations.
Works all STAT requests within 48 hours.
Serves as a Subject Matter Expert (SME) and internal resource for the team and participates in process improvement projects.

Education and Experience

High school diploma or equivalent required.
Two to three years of experience in patient access or related healthcare experience is required.
Two years' insurance verification experience is required. Intermediate knowledge of Windows computers and data entry is required.
Experience with billing, insurance verification, coding, authorization guidelines, ICD 10 and CPT4 coding, and/or medical terminology preferred.
Degree and/or certificate or formal training in a related field preferred.

Additional department-specific requirements are:

Outpatient Treatment Center/

Radiation Oncology:
Two to three years' experience in hospital registration with a strong emphasis on Oncology preferred.

Hoag is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind. Hoag is committed to the principle of equal employment opportunity for all employees and providing employees with a work environment free of discrimination and harassment. Hoag hires a diverse group of people in a manner that allows them to reach their full potential in the pursuit of organizational objectives._