Payment Recovery Specialist jobs in Springfield, IL

Payment Recovery Specialist is responsible for analysis of denied reimbursement claims. Ensures appropriate insurance coverage for compliance standards and revenue generation. Being a Payment Recovery Specialist monitors, evaluates, and reviews all cost reporting in support of claims. Coordinates with departments and insurance companies to correct errors as necessary. Additionally, Payment Recovery Specialist requires a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. To be a Payment Recovery Specialist typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. (Copyright 2024 Salary.com)

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Payment application specialist
  • Memorial Health
  • Springfield, IL FULL_TIME
  • Overview

    Responsible for the timely and accurate posting of payments and adjustments into the hospital proprietary billing system.  They will be responsible for processing of 835 ERA, ACH, EFT transactions, processing USPS Mail and Inter-office mail, balancing daily batches and assisting with daily reconciliation, initiating and monitoring of automated software posting programs, preparing documentation for reconciliation and auditing.  Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values.

    Qualifications

    Education:

    • Education equivalent to graduation from high school or GED is required. Associates preferred.

    Experience:

    • Two (2) years of experience in billing, insurance, collections, or related background required. Previous experience with the processing of Insurance and Contractual Allowance aspects of Commercial and Managed Care contracts is highly preferred.

    Other Knowledge/Skills/Abilities:

    • Ability to read and interpret ERAs (Electronic Remittance Advice), ACHs (Automated Clearing House) transactions, EFTs (Electronic Fund Transfers), and EOBs (Explanation of Benefits)/EOPs (Explanation of Payment).
    • Demonstrates the ability to accurately type net 30 WPM (alphanumeric).
    • Demonstrates the ability to accurately key net 6000 KPH (numeric).
    • Basic working knowledge of personal computers and their associate user software is required. Experience with Microsoft Office products Word and Excel is preferred.
    • Demonstrated ability to work successfully with internal customers and external contacts is required.
    • Demonstrates excellent oral and written communication, keyboarding, and basic math skills.

    Responsibilities

    • Accesses Web Based Portals and Downloads ERA, ACH and report files from payors.
    • Prepares files for processing, initiates and monitors Posting Software Applications ensuring careful adherence to guidelines, timeliness, accuracy, and processing procedures. At prescribed intervals, follows up for review to ensure smooth processing and timely delivery of outstanding payments.
    • Investigates assigned payments with incomplete or questionable information and resolves problems or errors to ensure complete information accompanies the payment.
    • Calculates contractual adjustments and applies to patients’ online accounts, notating the electronic file accordingly.
    • Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values: 
    • Receives, sorts, and stamps incoming United States Post Office and Inter-department mail. Identifies and Batches 3rd Party and Patient payments for processing. Bundles and/or delivers mail correspondence team for attention and handling.
    • Processes and analyzes explanation of benefit (EOB) forms to determine reasons for denial, exclusion, or under payment.
    • Follows up on outstanding or unapplied payments and other issues associated with payments.
    • Researches and resolves complex issues associated with payments on patient accounts. As applicable, identifies, documents, and reports problematic trends to management.
    • Analyzes reports containing rejected payment information and performs the necessary research to resolve the reason(s) for the rejection and secures any other required information.
    • Prepares daily bank deposit and arranges for daily delivery or pick to/from the Security Department. Ensures the security of deposit at all times.
    • Provides input regarding system edits designed to identify and ensure consistent and compliant data necessary for processing patient payments.
    • Communicates and resolves issues with a variety of internal sources to resolves issues involving patient payments.
    • Initiates corrections to charges and contractuals / allowances within scope of expertise and authority granted.
    • Adhere to HIPAA Privacy Regulations and maintain patient confidentiality
    • Identifies and calculates write-off amounts and secures the necessary approvals from management for processing.
    • Documents online systems and electronic files to ensure accurate data is noted regarding the status of payments.
    • Performs a variety of filing and/or retrieval of electronic and paper forms and files. Maintains files according to prescribed procedures and may arrange for long-term storage of EOBs or other items.
    • As directed and defined by management, orients and cross-trains on other unit duties which are outside of regularly assigned area of responsibility. May serve as a back up for other areas within the unit or department, especially during times of special needs or staff absences.
    • Performs other related work as required or requested.

     

     

    The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job.  Incumbents may be requested to perform tasks other than those specifically presented in this description.

  • 22 Days Ago

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Recovery Specialist
  • Memorial Health
  • Springfield, IL FULL_TIME
  • Overview Provides community-based recovery support services for mentally ill clients in the Community Support Services Unit. Ensures continuity of care for high-risk persons suffering from mental illn...
  • 16 Days Ago

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Recovery Specialist - Crisis and Residential
  • Memorial Health
  • Springfield, IL FULL_TIME
  • Overview Provides daily case management responsibility for mentally ill and/or acutely distressed individuals. Ensures continuity of care for high-risk persons suffering from mental illness through di...
  • 23 Days Ago

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Peer recovery specialist
  • SIU HealthCare
  • Taylorville, IL FULL_TIME
  • Description This position will provide peer recovery support services to patients of SIU Center for Family Medicine's Medication Assisted Recovery (MAR) Clinic. This position will work as an integral ...
  • 23 Days Ago

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Recovery Support Specialist
  • Heritage Behavioral Health Center
  • Decatur, IL FULL_TIME
  • Heritage has full-time recovery support positions within various programs to provide recovery and resiliency-oriented services to individuals with mental health, substance use, and co-occurring disord...
  • 18 Days Ago

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Recovery Support Specialist / RC - Springfield
  • fgcinc
  • Springfield, IL FULL_TIME
  • Job Description: Family Guidance Centers, Inc. (FGC), a not-for-profit behavioral healthcare organization that treats and prevents substance abuse, as well as an array of other related problems. Famil...
  • 10 Days Ago

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0 Payment Recovery Specialist jobs found in Springfield, IL area

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Recycling Associate
  • PeopleReady
  • Springfield, IL
  • Job Description Recycling Associate PeopleReady of Springfield, IL is now hiring Recycling Associates! As a Recycling As...
  • 3/29/2024 12:00:00 AM

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RN / LPN (Night Shift) ***SIGN-ON BONUS UP TO $7,500*** - Springfield, IL
  • Gateway Foundation Inc
  • Springfield, IL
  • Pay Differential: Hours worked from 11:00 PM to 7:30 AM will be paid an additional $4.00 per hour. SIGN-ON BONUS AVAILAB...
  • 3/29/2024 12:00:00 AM

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Travel Nurse RN - CVICU - $2,344 per week
  • PRN Healthcare
  • Springfield, IL
  • Trustaff is seeking a travel nurse RN CVICU for a travel nursing job in Springfield, Illinois. Job Description & Require...
  • 3/28/2024 12:00:00 AM

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Property Manager
  • Cushman & Wakefield
  • Springfield, IL
  • Job Title Property Manager Job Description Summary Responsible for the management of a property (or group of properties)...
  • 3/28/2024 12:00:00 AM

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Information Systems Specialist I - Database Specialist
  • Illinois Secretary of State
  • Springfield, IL
  • Office of the Illinois Secretary of State Alexi Giannoulias Job Title: Information Systems Specialist I Database Special...
  • 3/28/2024 12:00:00 AM

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Wellness Support Specialist Team Lead
  • Anchor Staffing Inc.
  • Springfield, IL
  • Job Description Job Description Wellness and Recovery Team Lead Job Description Location: Springfield Service Center Pre...
  • 3/28/2024 12:00:00 AM

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Cashier
  • JCPenney
  • Springfield, IL
  • General Description As a Cashier you are accountable for the customer service and sales experience including: maintainin...
  • 3/27/2024 12:00:00 AM

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RN / LPN (Night Shift) - Springfield, IL
  • Gateway Foundation Inc
  • Springfield, IL
  • Pay Differential: Hours worked from 11:00 PM to 7:30 AM will be paid an additional $4.00 per hour. Are you looking to fi...
  • 3/26/2024 12:00:00 AM

Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. Census makes it the state's sixth most populous city. It is the largest city in central Illinois. As of 2013, the city's population was estimated to have increased to 117,006, with just over 211,700 residents living in the Springfield Metropolitan Statistical Area, which includes Sangamon County and the adjacent Menard County. Present-day Springfield was settled by European Americans in the late 1810s, around the time Illinois became a state. The...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Payment Recovery Specialist jobs
$46,028 to $60,566
Springfield, Illinois area prices
were up 1.3% from a year ago