Healthcare Billing Executive 19N25

The Healthcare Billing Executive plays a crucial role in the healthcare industry by ensuring that all patient billing processes are handled efficiently and effectively. This position requires a high level of attention to detail, accuracy in data management, and an in-depth understanding of healthcare billing procedures. The primary focus is on managing billing operations, including generating invoices, tracking payments, and resolving discrepancies. Working closely with insurance companies and healthcare providers, the Healthcare Billing Executive is responsible for maintaining organized financial records and ensuring compliance with all billing regulations. This role demands excellent communication skills, as it involves frequent interactions with patients, insurance representatives, and medical staff to resolve any billing or payment concerns. The Healthcare Billing Executive is essential in supporting the financial aspect of healthcare services and contributes significantly to the overall operational effectiveness of the healthcare facility.

Responsibilities

• Prepare accurate patient invoices by verifying billing data and insurance coverage.
• Coordinate with medical staff to ensure proper documentation for billing claims.
• Resolve billing discrepancies by reviewing claims and consulting with involved parties.
• Maintain patient billing records by updating information promptly and accurately.
• Process payments received via various methods, including checks and electronic transfers.
• Communicate with insurance companies to verify coverage and follow up on claims.
• Educate patients on billing policies, procedures, and payment options available.
• Generate routine financial reports to assist management with decision-making.
• Manage collections by implementing established procedures and handling overdue accounts.
• Stay up-to-date with industry regulations to ensure billing practices comply with standards.
• Assist in developing improved billing systems to enhance operational efficiency.
• Support audits by providing necessary documentation and clarifying billing practices.

Requirements

• Bachelor's degree in healthcare administration, business, or a related field is preferred.
• Minimum of 3 years of experience in healthcare billing and collections is required.
• Proficiency in billing software and electronic health record (EHR) systems is a must.
• Strong analytical skills with excellent attention to detail and accuracy needed.
• Ability to work independently and manage multiple tasks efficiently in a fast-paced environment.
• Excellent written and verbal communication skills are crucial for interacting with stakeholders.
• Understanding of medical terminologies and insurance billing codes is essential.