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Supervisor, Revenue Cycle Management Biomedix Vascular Solutions
Description: BioMedix is a developer, manufacturer, and worldwide distributor of vascular diagnostic devices and software solutions. BioMedix currently has an immediate, full time opening for a highly motivated, professional Supervisor of Revenue Cycle Management, with good communication, excellent attention to detail, with the ability to multi-task, and follow through. The Supervisor of Revenue Cycle Management will be responsible for overseeing the day-to-day operations of our revenue cycle management team. This includes ensuring all functions related to the billing of medical claims for our clients enrolled in advisory services are completed properly and in a timely manner by the revenue cycle management team. This position will be responsible for training the team and ensuring the quality of their work. The Supervisor, Revenue Cycle Management will work under the guidance of the Manager, Revenue Cycle Management to ensure all accounts are handled properly.
Essential Job Functions :
Maintains the following revenue cycle management standards for each client enrolled in advisory services:
90% of accounts billed within 10 business days from date of service, with 100% billed within 30 business days
90% of denied claims worked within 1 business day of notification, with 100% of denials worked within 2 business days
90% of cash applications and adjustments made within 1 business day of notification, with 100% made within 2 business days
100% of patients receive monthly statements
Maintain Days Sales Outstanding (DSO) of 45 days or less
The Supervisor of Revenue Cycle Management will be responsible for achieving these standards and ensuring the staff properly and timely completes the below tasks:
Prepare, review, and submitting clean claims to various insurance companies either electronically or via paper
Prepare, review and send patient statements
Process and post payments from insurance companies and patients
Follow-up on unpaid or denied claims and if necessary submit corrected claims
Prepare, review, and send refunds to patients and insurance companies
Answer questions from patients, clients, and insurance companies including escalated calls
Monitors the call queue to ensure customers are responded to in a timely and thorough manner
Identifies and resolves patient billing complaints and report complaints to manager
Follow and report status of delinquent accounts to manager
Performs various collection activities including contacting patients and insurance companies via telephone, mail, fax, and/or email
Prepare, review, and work all billing related reports
Maintains strictest confidentiality; adheres to all HIPAA guidelines/regulations
Participate in educational activities and attend staff meetings
Conducts self in accordance with BioMedix Advisory Services? employee handbook
Professional Requirements:
Bachelor?s Degree preferred; may substitute 4 years medical billing experience in lieu of a degree or a combination of college education and experience to total four years
3+ years of experience preforming medical billing in a multi physician practice or healthcare related organization.
2+ years of experience in a supervisory or manager role in a billing environment.
Experience working with Medicare, Medicaid, and other third party payors
Knowledge of Medicare, Medicaid, and other third party payors billing standards and policies.
Strong understand of medical billing and collection practices
Knowledge of HIPAA guidelines/regulations
Strong understanding of medical terminology
Excellent written, verbal communication, and interpersonal skills
Excellent customer service skills
Ability to effectively train and mentor team members
Well organized and detail-oriented
Excellent time management skills
Ability to work independently or as part of a team
Ability to work effectively and efficiently under tight deadlines, high volumes, and competing priorities
Ability to read, understand, and follow oral and written instructions
Fluency in spoken and written English
Ability to operate a computer and basic office equipment
Experience with Microsoft Office software (i.e. Word, Excel, Outlook, and PowerPoint)
Ability to operate a multi-line telephone system
Travel:
Up to 15%
| Location: | 4215 White Bear Parkway St. Paul, MN 55110 United States |
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Biomedix Vascular Solutions
Investors: MVM Life Science PartnersAll Jobs: at Biomedix Vascular Solutions
| Web Site: | www.biomedix.com |
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| Headquarters: | 4215 White Bear Parkway St. Paul, MN 55110 United States |
| Industry: | Medical Devices and Equipment |
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