Revenue Cycle Specialist

This is a fully remote position, open to applicants in United States.

📋 Description

• Reconcile and record all payments received.

• Detect discrepancies and analyze issues to guarantee timely posting of payments.

• Oversee inventory and ensure system alignment between Cotiviti and clients.

• Reconcile data across various sources.

• Post payments to collection accounts and match them with recorded bank transactions.

• Collaborate with the AP department to process refunds when necessary.

• Reconcile monthly bank statements with the cash posting database.

• Post adjustment transactions to both collection and client systems.

• Execute cash application functions in accordance with corporate and client guidelines.

• Access and interpret online systems to ascertain claim payments and accurately apply payments and adjustments.

• Assist in the determination of refund adjudications.

• Prepare and document financial transactions for assigned accounts.

• Ensure daily deposit reconciliation and uphold daily and monthly audit reporting.

• Review and rectify discrepancies in daily deposit totals.

• Balance and reconcile bank deposits while communicating with internal and external stakeholders.

• Research and accurately allocate payments that lack invoice numbers or dates of service.

• Identify the appropriate claim for payments using patient and date-of-service information.

• Maintain awareness of compliance and recovery laws related to processing and recoupment.

• Collaborate with cross-functional teams.

⛳️ Requirements

• Bachelor's degree in Finance, Accounting, or Business, or a minimum of three (3) years of experience in Accounting/Finance.

• Strong preference for knowledge of healthcare claims.

• Proficiency in Microsoft Office applications and system databases.

• Excellent organizational skills to manage multiple priorities.

• Strong attention to detail and accuracy.

• Working knowledge of relevant industry standards.

• Outstanding verbal and written communication skills.

• Ability to work effectively both independently and in a team setting.

• Must provide a dedicated, secure workspace.

• Must have high-speed internet access/connectivity and be able to set up and maintain an office.

• Must be capable of remaining in a stationary position, often standing or sitting for extended periods.

• Must be able to perform repetitive motions involving wrists, hands, and/or fingers.

🏝️ Benefits

• Discretionary bonus consideration.

• Coverage for medical, dental, vision, disability, and life insurance.

• 401(k) savings plan.

• Paid family leave.

• Nine paid holidays each year.

• Paid Time Off (PTO) ranging from 17 to 27 days annually, based on level and length of service.

• Overtime pay for nonexempt employees for hours worked beyond 40 per week, or as mandated by state law.

• Dedicated, secure workspace, high-speed internet access/connectivity, and office setup and maintenance required for remote work.