Medical Reimbursement Specialist
Job
Robert Half
Weymouth, MA (In Person)
Full-Time
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Job Description
Robert Half Medical Reimbursement Specialist South Weymouth, MA Apply Description We are looking for a skilled Medical Reimbursement Specialist to join our team on a long-term contract basis in South Weymouth, Massachusetts. In this role, you will play a vital part in supporting hospital financial operations by analyzing reimbursement processes, maintaining accurate records, and ensuring compliance with regulatory standards. This position requires a strong background in hospital billing, revenue analysis, and financial reporting.
Responsibilities:
- Analyze monthly revenue performance against budget and investigate variances related to reimbursement, volume, and charges.
- Prepare and post journal entries for contractual allowances in Accounts Receivable, ensuring accurate reconciliations.
- Collaborate with finance and departmental teams to develop and support the annual hospital budget.
- Assist in the creation of presentations for hospital leadership, providing insights into financial performance.
- Direct the preparation and filing of third-party cost reports and regulatory documentation.
- Support annual audits by preparing necessary financial data and ensuring compliance with audit standards.
- Extract and analyze data from systems such as Experian and Strata to assist in budgeting, forecasting, and productivity modeling.
- Identify opportunities to streamline processes and implement improvements to enhance operational efficiency.
- Maintain detailed records and reserves for contractual allowances to ensure financial accuracy. Requirements
- Proven experience in hospital billing and insurance reimbursement processes.
- Strong knowledge of Explanation of Benefits (EOB) and medical payment posting.
- Proficiency in analyzing financial data and preparing reports.
- Familiarity with systems such as Experian and Strata for data extraction and analysis.
- Ability to research and explain financial variances in revenue and charges.
- Experience with preparing journal entries and conducting reconciliations.
- Excellent organizational and communication skills to collaborate effectively with cross-functional teams.
- Knowledge of regulatory requirements and processes for third-party cost reporting.
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