Reimbursement Specialist

Organizational Profile

Founded in 1991 IBJI is the largest orthopedic group practice in Illinois. With more than 150 physicians in every orthopedic specialty IBJI offers care for adults and children from some of the most accomplished and respected orthopedists in the country. Serving northern Illinois and northwest Indiana with over 100 locations IBJI makes it easy to access care. Our headquarters is in Park Ridge Illinois a northwest suburb of Chicago.

Our clinical services include advanced MRI imaging pain management non-surgical and surgical treatment plans rheumatology physical therapy occupational therapy wellness and sports and sports training. Ortho Access walk-in clinics provide same day care for orthopedic injuries. Comprehensive care offered all in one place enables physicians therapists and staff to work closely together so that patients and families achieve better outcomes. Collaborative care is also more many cases IBJI services are substantially less expensive than those provided by large healthcare systems and emergency rooms.

Job Title: Reimbursement Specialist

Job Description

Summary

The Revenue Reimbursement Specialist works to ensure that we are optimizing insurance collections reducing outstanding balances and maintaining the accounts receivables. Revenue Reimbursement Specialists will maximize reimbursement for all services while minimizing the amount of time it takes to obtain reimbursement; decrease AR sustain a low DSO.

Responsibilities

• Communicate directly with the payor resubmits denied claims underpaid claims and claims that are inaccurately processed by auditing accounts to check on proper payments coding balances adjustments etc. using appropriate reports and queues
• Review and analyze claim denials in order to perform the appropriate appeals necessary for reimbursement
• Manage outstanding accounts receivable for assigned payers/Divisions. Resolve outstanding balances
• Follow up on outstanding accounts receivables 31-60 days 61-90 days. Includes researching aged account reports outstanding list processing problematic EOBs and/or incoming mail or correspondence as identified. Special projects on 90 days detailing problematic accounts and reporting them to the supervisor
• Identify errors correct and communicate to management
• Adheres to organizational policies and procedures including Corporate Compliance Program HIPAA regulations

Additional Responsibilities

• Conduct random audits to verify system integrity payer accuracy and payment per contract to optimize reimbursement functions
• Other duties as assigned
• Focus may be on claims or charges not paid at the correct contract rate
• Maintain a clean and safe work environment

Requirements

Education

• High School Graduate

Certifications/Licensure

• Minimum 2 years experience in Healthcare Revenue Cycle
• Certified Coder preferred but not required

Experience

• Minimum 2 years experience in Healthcare Revenue Cycle

Technical Skills

• Knowledge of Federal State and third-party payor reimbursement rules and regulations
• Accounts Receivable knowledge: ability to read analyze and interpret EOBs and other AR procedures
• Knowledge of Medicare Medicaid HMO/PPO/EPO Work Comp and Commercial Insurance operating procedures

Soft Skills

• Strong problem-solving skills and the ability to make timely decisions
• Ability to effectively correspond and interact with insurance payers co-workers management both verbally and in writing
• Detail Oriented with organizational and problem-solving skills

Physical Requirements

• Stand or sit for extended periods of time

This description is intended to provide only basic guidelines for meeting job requirements. Duties and responsibilities experience qualifications skills supervisory relationship physical/mental demands and environmental/ working conditions may change as needs evolve.

Base salary offers for this position may vary based on factors such as location skills and relevant experience. We offer the following benefits to those who are benefit eligible (30 hours a week): medical dental vision life and AD&D insurance long and short term disability 401k program with company match and profit sharing wellness program health savings accounts flexible savings accounts ID protection plan and accident critical illness and hospital addition we offer paid holidays and paid time off.

Illinois Bone and Joint Institute LLC is an equal opportunity employer. All employment decisions are based on qualifications merit and business need without regard to race color religion age sex national origin disability status military or veteran status sexual orientation gender identity and expression or any other characteristic protected by federal state or local laws. This policy applies to recruitment and placement promotion training transfer retention rate of pay and all other terms and conditions of employment.