Claims Manager manages the operations of an insurance claims department to meet operational, financial, and service requirements. Oversees the intake and processing of insurance claims for personal, property, or casualty loss based on coverage, appraisal, and verifiable damage. Being a Claims Manager manages appraisal and examination staff and processes. Assures timely and proper disposition of claims based on policy provisions. Additionally, Claims Manager recommends and implements best practices to ensure complete and thorough claim settlements, legal reviews, and investigations following company policies and insurance industry regulations. Determines the value of settlements for escalated claims. Manages negotiations of settlements and administration of claims in litigation. Typically requires a bachelor's degree. Typically reports to a director. The Claims Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Claims Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Encodes, analyzes, and adjudicates routine medical, dental, vision, and prescription drug claims. Follows up on non-routine or incomplete claims. Meets strict performance standards set by employers and contracted providers. Works with other carriers to establish liability and level of coverage and coordinate benefits – primarily related to workers compensation, auto, insurance, and dual health coverage. Recommends changes or improvements to claims processing systems and information system interfaces. Provides telephone coverage to member and provider services on issues related to eligibility, coverage, and claims.
Process, encode, analyze and adjudicate manual paper claims and EDI claims according to individual employer plan document/SPD (medical, dental, vision, HRA, FSA, & HSA claims). (Requirement of 150 claims per day with 99% or above accuracy for an experienced processor)
Provide member services information via phone calls and emails on claim status, benefits, coverage eligibility, and COBRA admin. (Requirement of at least 50 calls per day for an experienced Customer Service representative)
Follow-up on non-routine or incomplete claims, calling providers or requesting medical records for review when necessary.
Coordinate benefits with other providers of insurance, including subrogation.
File reviews and letters to members, including spreadsheets for claims utilization and out-of-pocket reviews.
Schedules completion of unclear claims according to contractual deadlines in accordance with PPO contract, stoploss contract, employer turn-around time guarantees, and funding request timelines.
Displays ability to work with highly confidential information.
Calculate overpayment requests in accordance with PPO discounts and employer benefits.
Organize, scan, and file TPA Claims.
Other duties as assigned or required.
Education: High school diploma or equivalent with additional course work and one to two years health care claims experience, preferably with managed care.
Required Experience: Good computer skills in Microsoft Office preferred; accuracy and speed of data entry; knowledge of third party liability, COB, and subrogation issues; medical terminology and ICD-10, CPT and UB92.
Specialized courses, certifications, or trainings: Experience in Claims Processing or Managed Care; coding knowledge helpful
Populations Served:
While performing this job, the employee may care for patients in the following age groups.
While performing this job, the employee does not care for patients in the following age groups.
Neonate: < 30 days
Infant: < 1 year
Early Childhood: 1 year and < 5 years
Late Childhood: 5 years and < 13 years
Adolescent: 13 to < 17 years
Young Adult: 17 to < 30 years
Middle Adult: 30 to < 60 years
Older Adult: > 60 years
Serves patients in areas other than patient care.
No responsibility to treat or care for patients.
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0 Claims Manager jobs found in Rockford, IL area