Claims Analyst Pharmacy Revenue Cycle

Talent Groups ·www.talentgroups.com

Location MA, United States
Work type Onsite
Salary USD 27 - 37 / hour
Type Full time
Level Mid
Source Shazamme
Other Tech East
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Duration: 3 months to start 

Description:
Revenue cycle management (RCM) is the financial process that makes it possible for healthcare organization to fulfil their mission of providing quality care for patients and communities. Pharmacy revenue cycle is complex process and requires a collaborative and specialized approach. Improving performance requires fine-tuned workflows, training, dedicated resources, collaboration across multiple departments, and routine updates to core systems.
  • Under the direction of the Revenue Cycle Supervisor Pharmacy, the Revenue Cycle Claims Analyst is responsible through extensive telephone and written correspondence, will pursue insurance companies for payment or underpayment of services rendered.
  • Will also substantiate accurate reimbursement through correct contract terms, billing practices and compliance with state and federal guidelines.
  • Must have the ability to analyze, audit, problem solve and reconcile an account is critical to this position.
  • Conducts duties in accordance with industry federal and state billing guidelines and contractual obligations and in compliance with department policies and procedures.
  • As part of the Pharmacy Complex Claims team, we are able to bring traditional revenue cycle functions into the department of pharmacy which can provides significant opportunities for our health system.
  • Key factors are hiring individuals with financial, pharmacy and medical revenue cycle expertise as a reimbursement solutions that identify and recover overlooked revenue. 

Essential Responsibilities / Duties:
  • Research, resolve, and prepare claims that have not passed the payer edits daily. Determine and initiate action to resolve rejected drug claims.
  • Serve as subject matter expert for strategic provider relationships, service issues, reimbursement and claims.
  • Possess excellent medical and billing terminology skills; Ability to read, analyze and interpret prescription drug orders.
  • Monitor rejections on all electronic and paper claims to determine where enhancements or fixes are needed in system edits to gain efficiencies and to prevent ongoing rejections.
  • Knowledge of Medicare and third-party codes and billing procedures as well as patient billing techniques.
  • Effectively communicate issues and results via multiple media including in-person meetings, workgroups, verbal communication, email and presentations.
  • Knowledge of Medicare and other regulatory billing codes and practices in order to assess billing for accuracy prior to submission to appropriate agency or company for processing and payment. Should be well-versed in regulatory guidelines and industry standards for Medicare and/or specific payer benefit providers.
  • Collaborates with team and other revenue cycle departments to improve denials, avoidable write-offs,
  • Applies analytical skills to pre-established work processes that may require preparation of reports or documents for further review or analysis.
  • Research, analyze, and respond to inquiries regarding compliance, payor policies and guidelines, inappropriate coding, denials, and billable services · Follow-up on outstanding account balances at 45-days from the date of service in accordance to organizational protocol with an emphasis on maximizing client satisfaction and provider profitability · Utilize Hospital's Core Values as the basis for decision making and to facilitate hospital mission.

Education:
Bachelor’s degree in Business, Healthcare or closely related field or equivalent work experience.

Certificates, Licenses, Registrations Required:
  • Certified Pharmacy Technician (Preferred)
  • Coding Certification CPC, RHIT (preferred)

Experience:
1 to 3 year of experience in healthcare, coding, finance, revenue cycle, patient accounting and/or physician billing, preferably in a Medical Center setting, Oncology or Home/Office Infusion settings.

Knowledge and Skills:
  • Requires advanced working knowledge of professional billing flows including charge entry, editing system functionality, and revenue cycle tasks.
  • Ability to analyze and solve complex problems related to system processes and workflows.
  • Responsible to monitor and resolve Claims Work queues; Specifically, Front End, Referrals & Authorizations, and Clinical Workflow.
  • Strong knowledge of claim edits NCCI (National Correct Coding Initiative (NCCI) Edits) and MUE (Mutually unlikely edits).
  • Ability to converts pharmacy drug quantities into Medicare billing units according to Medicare Guidelines prior to submitting medical CMS1500 claim forms.
  • Ensures all billable services are processed EPIC in a timely manner.
  • Superior analytical skills to critically evaluate information gathered from multiple sources and synthesize into actionable information
  • Strong interpersonal skills to elicit cooperation from a wide variety of sources, including upper management, clients, and other departments.
  • Strong interpersonal skills with attention to detail and ability to organize, interpret, and present data.
  • Must be able to present information effectively in both written and oral forms, tailoring messages to the audience.
  • Understanding and knowledge of the business, products, programs, corporate organizational structure (including functional responsibilities), and basic research principles/methodologies
  • Must have a working knowledge of (CPT/HCPCS and ICD-10-CM-PCS diagnosis codes, understand current professional coder workflows, reviews principal, secondary diagnoses and procedures for hospital and physician (professional) services for inpatient, outpatient, and infusion records based on knowledge of coding systems). Knowledge of hospital and professional billing, collection and reimbursement requirements and standard practice.
  • Must have working knowledge of drug NDC numbers and unit conversion
  • SME (Subject Matter Expert) for complex denials and payment variances including contracts, fee schedules, and edits. Educates and provides feedback to various areas on Pharmacy Revenue Cycle rejection metrics and key performance indicators.


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Frequently asked questions

Who is hiring for the Claims Analyst Pharmacy Revenue Cycle role?
Talent Groups is hiring for the Claims Analyst Pharmacy Revenue Cycle position, a Shazamme client. Apply directly on the employer's career site.
Where is the Claims Analyst Pharmacy Revenue Cycle job located?
The Claims Analyst Pharmacy Revenue Cycle role with Talent Groups is based in MA, US. The role is onsite-friendly.
Is the Claims Analyst Pharmacy Revenue Cycle role remote?
Yes — the Claims Analyst Pharmacy Revenue Cycle position at Talent Groups is onsite. Candidates based in US are preferred.
What does the Claims Analyst Pharmacy Revenue Cycle role pay?
Talent Groups lists the Claims Analyst Pharmacy Revenue Cycle role at USD 27–37 per hour.
Is the Claims Analyst Pharmacy Revenue Cycle role full-time or contract?
This is a full time position at Talent Groups.
What experience level is the Claims Analyst Pharmacy Revenue Cycle role?
The Claims Analyst Pharmacy Revenue Cycle position is aimed at mid-level candidates.
How do I apply for the Claims Analyst Pharmacy Revenue Cycle role at Talent Groups?
Apply directly on Talent Groups's career page via the Apply button on this listing. ZammeJobs links straight through to the employer's ATS — no third-party form, no resume database.
Apply direct