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CL
Covenant Living
Third Party Reimbursement Specialist
Career Insights for Billing Specialist (General)
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Based on Illinois data
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What they do
A Billing Specialist performs administrative work at financial institutions and banks that handle bills, receipts, and invoices. Manages the status of client accounts and tracks financial records, charges, and receipts of the accounts.
$45,168 / year median in Illinois
-0% projected decline
Job Description
We Are Inspired to Serve. Join us! The Central Office of a nation wide family of Continuing Care Retirement Communities is seeking a Third Party Reimbursement Specialist. This position will provide third party billing services to one or more campuses of Covenant Living. This position will prepare, bill and monitor claims for Medicare Part A, Medicare Part B, Medicare Managed Care (HMO) and coinsurance. In addition, this position will be responsible for overseeing and coordinating the response to the Fiscal Intermediary (FI) or Medicare Administrative Contractor (MAC) to all Additional Development Requests (ADRs) from Medicare or other insurance companies. This position is expected to deliver outstanding accounts receivable results and customer service while maintaining a working relationship with the on-site campus personnel. In this role, the Third Party Reimbursement Specialist will: Obtain monthly reports from the assigned campus(es) in order to determine and carry out the billing needs; Prepare, review and submit individual resident claims for Medicare Part A, Medicare Part B, coinsurance, Medicare Managed Care (HMO) or Private Fee-for-Service(PFFS) and others as needed; Rely on Medicare's cross-over billing when available, and collaboration with Healthcare Billing Assistant for follow-up with a paper claim, only when claim is outstanding after 60 days; Track, generate and submit Benefit Exhaust and No-Pay claims for assigned campus(es); Track, generating and submitting denial claims, denial for insurance claims or if special requirements exist at assigned campus(es); Submit and monitoring of all resident claims on a timely basis; Record of Medicare payments in the Vision system after Electronic Remittance Advice (ERA) import; Upload all Medicare Part A and B claims to UB Watch and use resulting data to ensure accurate billing. Propose adjustments and write offs, per CL Policy 5201, to ensure accurate representation of the aging at any point in time; Review of Medicare Part B therapy log, as needed, to ensure proper diagnosis code information is entered under Medicare Part B payer in Vision.