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Job Description
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Join a world-class academic healthcare system, Ingalls Memorial Hospital, as a Patient Financial Services Representative – Finance in the Patient Accounts department.
REMOTE OPPORTUNITY
Job Summary The Patient Financial Services Representative (xe2x80x9cPFS Representativexe2x80x9d) 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 organizationxe2x80x99s 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 work-related 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 Hospitalxe2x80x99s policies, including those regarding fraud and abuse, confidentiality, and HIPAA.
- Performs billing and follow-up activities for claims.
- Works daily electronic billing file and submits insurance claims to third-party 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 third-party payers who do not accept electronic claims or who require special handling.
- Contacts third-party 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 hospitalxe2x80x99s 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 co-pays, deductibles, co-insurance, contractual adjustments, denials, and more to verify accuracy of patient balances.
- Reconciles EOBxe2x80x99s 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
PFS Representatives will be assigned to and support one or more of the following departments:
- Billing & Follow Up – Denials
- Accounts Receivable Specialist
- Credits Department
- Medicaid/Medicare and Managed Care Billing
- Cash Applications
- Customer Service
Required Qualifications
- High school graduate or equivalent
- Hospital billing and reimbursement
- Third-party contracts
- Federal and state billing regulations
- Detailed knowledge of CMS billing guidelines and regulations for all governmental payers
- Excellent critical thinking and analytical skills
- Superior communication, organizational, and analytical skills
- Proficient organizational skills and attention to detail
- Strong interpersonal and customer service skills
- Ability to multitask and work in a fast-paced environment
- Basic knowledge of insurance processing terminology
- Ability to prioritize tasks, carry out assignments independently and within a team, and to practice good judgment
Preferred Qualifications
- Associate degree in business, healthcare, or related field required or a combination of relevant education and experience
- Two years of experience in healthcare revenue cycle, with direct experience working in Patient Financial Services
- Medical Terminology
- Proficiency in Microsoft computer programs
- Experience with Epic/Sorian
Position Details
- Job Type: Full Time
- Shift: Day Shift Monday-Friday (8am-5pm)
- Manager: Erika Fernandez
- Department: Finance – Revenue Cycle
- CBA Code: Non-Union
Must comply with Ingalls Memorial Hospital’s COVID-19 Vaccination requirement as a condition of employment. If you have already received the vaccination, you must provide proof as part of the pre-employment process. This is in addition to your compliance with the Flu Vaccination requirement as well. Medical and religious exemptions will be considered consistent with applicable law. Lastly, a pre-employment physical, drug screening, and background check are also required for all employees prior to hire. Why Join Us: For nearly a century Ingalls Memorial has pioneered sophisticated clinical care and developed the area’s most convenient network of comprehensive outpatient centers, all dedicated to improving the health and wellbeing of the community. Now, partnered with UChicago Medicine, we have expanded our network of expert physicians, convenient facilities and scope of service to speed your healing process and help navigate your path to wellness. A skilled Medical Staff and talented employees dedicated to prevention, diagnosis, treatment and rehabilitation of illness and injury provide a firm foundation for our reputation for quality. To accomplish this, we need employees with passion, talent and commitmentxe2x80xa6 with patients and with each other. Wexe2x80x99re in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If youxe2x80x99d like to add enriching human life to your profile, UChicago Medicine Ingalls Memorial is for you. Here at Ingalls, wexe2x80x99re doing work that really matters. Join us!
UChicago Medicine Ingalls Memorial is growing; discover how you can be a part of this pursuit of excellence at: Ingalls Career Opportunities
UChicago Medicine Ingalls is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.