Insurance Verification Specialist is responsible for the pre-verification of insurance for patients being admitted into the hospital for care. Ensures insurance coverage by telephone, resolves any issues with coverage and escalates complicated issues to a supervisor or manager. Being an Insurance Verification Specialist interviews patients and completes all paperwork necessary to ensure the admitting process is efficient and all hospital and regulatory policies are in compliance. May require a bachelor's degree in area of specialty. Additionally, Insurance Verification Specialist typically reports to a supervisor or manager. To be an Insurance Verification Specialist typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. (Copyright 2024 Salary.com)
MINIMUM QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. High school graduate or equivalent.
CORE DUTIES AND RESPONSIBILITIES:The statements described hereare intendedto describe the general nature of work being performed by people assigned to this position.Theyare not intended to be constructedas an all-inclusive list of all responsibilities and duties.Other dutiesmay be assigned.
1. Identifies all patients requiring pre-certification or pre-authorization at the time services or when notified by another hospital or clinic department.
2. Follows up on accounts as indicated by system flags.
3. Contacts insurance company or employer to determine eligibility and benefits for requested services.
4. Follows up with the patient, insurance company or provider if there are insurance coverage issues in order to obtain financial resolution.
5. Use work queues within the EPIC system for scheduling, transition of care, and billing edits.
6. Performs medical necessity screening as required by third partypayors.
7. Documents referrals/authorization/certification numbers in the EPIC system.
8. Initiates charge anticipation calculations .Accurately identifies anticipated charges to assure identification of anticipated self-pay portions.
9. Communicates with the patient the anticipated self-pay portion co-payments/deductibles/co-insurance, and account balance refers self-pay, patients with limited or exhausted benefits to the in-house Financial Counselors to determine eligibility.
10. Maintains current knowledge of majorpayment provisions and regulations.
11. Assists Patient Financial Services with denial management issues and will appeal denials based on medical necessity as needed.
12. Abilityto accurately utilizeapplicable computer software and equipment for access processing.
13. Demonstrates ability to follow established computer down time procedures.
14. Participates in educational programs to meet mandatory requirements and identified needs with regard to job and personal growth.
15. Follows established work systems, identifies deviations or deficiencies in standards/systems/processes and communicates problems to supervisor or manager)
16. Maintains confidentiality according to policy when interacting with patients, physicians, families, co-workers and the public regarding demographic/clinical/financial information.
17. Is polite and respectful when communicating with staff, physicians, patients and families. Approaches interpersonal relations in a positive manner.
18. Uses hospital communications systems (fax, pagers, telephones, copiers, scanners, and computers) in accordance with hospital standards.
19. Communicates problems hindering workflow to management in a timely manner.
20. Assesses all self-pay patients for potential public assistance through registration/billing systems Provides self-pay/under-insured patients with financial counseling information. Maintains current knowledge of majorpayorpayment provisions.
PHYSICAL REQUIREMENTS:The physical demands described here are representative of those thatmust be metby an employee to successfully perform the essential functions of this job. Reasonable accommodationsmay be madeto enable individuals with disabilities to perform the essential functions.
1. Prolonged periods of sitting.
2. Extended periods on the telephone requiring clarity of hearing and speaking.
3. Manual dexterity required to operate standard office equipment.
4. Must have manual dexterity to operate keyboards, fax machines, telephones and other business equipment.
WORKING ENVIRONMENT:The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodationsmay be madeto enable individuals with disabilities to perform the essential functions.
1. Outpatient clinical environment.
SKILLS AND ABILITIES:
1. Excellent oral and written communication skills.
2. Basic knowledge of medical terminology.
3. Basic knowledge of ICD-10 and CPT coding.
4. Basic knowledge of third partypayors.
5. Basic knowledge of business math.
6. General knowledge of time of service collection procedures.
7. Excellent customer service and telephone etiquette.
8. Minimum typing speed of 25 works per minute.
9. Must have reading and comprehension ability.
Additional Job Description:
Scheduled Weekly Hours:
40Shift:
Day (United States of America)Exempt/Non-Exempt:
United States of America (Non-Exempt)Company:
WVUH West Virginia University HospitalsCost Center:
8804 WVUH Ambulatory InsuranceAddress:
3040 University AveMorgantownWest Virginia
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