Collections Specialist – Revenue Cycle
Philips
full-time
Posted on:
Location Type: Office
Location: Chicago • Illinois • 🇺🇸 United States
Visit company websiteSalary
💰 $23 - $37 per hour
Job Level
JuniorMid-Level
About the role
- Working with various commercial insurance payers to resolve claims and denials
- Escalating payor issue trends for leaderships consideration along with possible solutions
- Providing daily follow-up on insurance correspondence to ensure claim payments are made in a timely manner
- Developing and maintaining updates for any problematic payers and assisting in identifying, evaluating and developing systems/procedures to address issues
- Determining patient eligibility along with basic benefit verification and reading eligibility of benefits to determine claim processing by insurance carriers
Requirements
- 2+ years of experience in Revenue Cycle Management, specifically within Collections or Reimbursement Services
- Experience with denial management, claim follow up, overturning denials and identifying payer issue trends
- Knowledge of insurance payers, including Medicare, Medicaid, Blue Cross Blue Shield and commercial plans
- Ability to navigate through various systems to pull information
- Experience with Soarian is a plus
- High school diploma or GED (required)
Benefits
- Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program
- Generous PTO
- 401k (up to 7% match)
- HSA (with company contribution)
- Stock purchase plan
- Education reimbursement
- Other compensation such as annual incentive bonus
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
Revenue Cycle ManagementCollectionsReimbursement Servicesdenial managementclaim follow upoverturning denialspatient eligibility verificationbenefit verification
Soft skills
problem-solvingcommunicationorganizational skills
Certifications
High school diplomaGED