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OTA Kids Pediatric Therapy
Hybrid Remote Insurance Verification and Billing Specialist
Career Insights for Billing Specialist (General)
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Based on Massachusetts 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.
$51,234 / year median in Massachusetts
+3% projected growth
Job Description
Hybrid/Remote Insurance Verification and Billing Specialist
- We are open to considering a fully remote position
- M-F, 40 hours The Insurance Verification & Billing Specialist is responsible for all aspects of insurance verification, billing, and collections to ensure accurate and timely reimbursement for services rendered.
- Verify insurance eligibility, referrals, and authorizations for patients prior to services.
- Verify insurance eligibility, referrals, and authorizations for patients prior to services. Responsible to ensure all required insurance verifications (IVs) and authorizations are completed, including intake forms and referrals.
- Document insurance and authorization verification accurately in the CT system.
- Maintain current knowledge of insurance requirements and updates.
- Oversee processing of insurance claims and patient payments.
- Generate, submit, and follow up on insurance claims to ensure timely reimbursement.
- Maintain and monitor accounts receivable (A/R) aging reports weekly, actively managing client payments and insurance A/R.
- Ensure collections and denials are followed up on promptly and effectively.
- Review denied or rejected claims, prepare and submit appeals as needed.
- Resolve insurance denials, rejections, and discrepancies.
- Prepare financial reports and assist with process improvements to optimize revenue cycle management.
- Make weekly collection calls and communicate with patients regarding financial policies, balances, and payment options.
- Resolve billing questions from parents, clients, and SPED administrators.
- Handle telephone and email inquiries from clients, patients, and third parties.
- Contact parents when being discharged to settle any balances.