
Accounts Receivable Specialist
6 days ago
About the Role:
We are seeking a highly skilled and dedicated AR Specialist to join our administrative team. In this position, you will be responsible for analytical tasks related to debt collection and invoicing, ensuring accurate and timely billing, resolving payment issues, managing accounts receivable, and maintaining financial records.
Key Responsibilities:
- Claim Submission: Submit and track medical claims to insurance companies, guaranteeing accuracy and compliance with payer requirements.
- Payment Recording: Record payments and adjustments into the billing system.
- Denial Analysis: Review and address claim denials and rejections by analyzing the reasons for denial, correcting issues, and resubmitting claims.
- Follow-up: Follow up on outstanding accounts.
- Financial Reconciliation: Reconcile accounts to ensure all payments, adjustments, and write-offs are accurately recorded.
- Reporting: Prepare and review reports on accounts receivable.
- Billing Compliance: Ensure that all billing practices comply with healthcare policies.
Requirements and Qualifications:
- Data Entry and Record-Keeping: Accurate data entry and meticulous record-keeping are crucial.
- Claim Code Understanding: Understanding codes for claim submissions and denials is essential.
- Communication Skills: Ability to effectively communicate with insurance companies.
- Financial Analysis: Capable of analyzing financial data and identifying discrepancies or patterns.
- Billing Software Familiarity: Familiarity with billing software.
- Experience: Previous experience in medical billing or a related field is required, with experience in AR management.
Benefits and Rewards:
- Incentives: Gratuity
- Bonus Scheme: Incentive Bonus
- Leave Policy: Leaves
- Retirement Benefits: Provident Fund
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