Medical Policy Specialist researches and designs criteria to determine policy guidelines used in review of patient cases to ensure only medically appropriate services are reimbursed. Recommends a policy and process that ensure alignment with company guidelines and nationally accepted medical/coding standards. Being a Medical Policy Specialist establishes the proper codes to use for claims processing. Responds to questions from medical staff and communicates details about policy and guidelines. Additionally, Medical Policy Specialist requires a bachelor's degree. Typically reports to a supervisor or manager. Requires Registered Nurse RN. The Medical Policy Specialist gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Medical Policy Specialist typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Position Summary
The Insurance Specialist position is responsible for providing a personal and unified effort to obtain payment of outstanding insurance claims. They will assist patients with questions they might have regarding their accounts. They are responsible for providing a more comprehensive method of maintaining and monitoring patient accounts, specific accounts assignments, and regular report analysis.
Essential Functions and Responsibilities
•Responsible for telephone and walk-in inquiries regarding billing, and insurance-related matters.
•Assists with billing/coding and error resolutions, with direct participation with management and other staff members to resolve accounts.
•Works assigned accounts receivable reports claim denials and rejections taking appropriate action as needed to secure payment.
•Handles changes in patient information relating to registration information including insurance/guarantor information.
•Responsible for documenting all transactions, telephone contacts, etc. in the individual PMC patient’s account.
•Maintains appropriate records concerning inquiries, account resolutions, etc.
•Responsible for the analysis of reports and alerting management of any problems in a timely manner
•Performs other duties as assigned.
Qualifications
Education (Including Licenses and Certifications): High school diploma or general education degree (GED); or one-year related experience and/or training; or equivalent combination of education and experience.
Experience: One to two years of experience in a medical office setting is preferred. CPT and ICD-10 coding experience is highly desirable.
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