Billing Executive- Healthcare (225-1016)

The role of a Billing Executive in the Healthcare industry is crucial for maintaining the financial health of healthcare facilities. This position involves managing patient billing processes, ensuring all services rendered are billed accurately and timely. As a Billing Executive, you will play a significant role in liaising between patients, insurance companies, and healthcare providers to ensure seamless billing operations. The ideal candidate should possess excellent analytical skills, attention to detail, and a thorough understanding of medical billing and coding. You will be responsible for identifying discrepancies in charges, correcting errors, and handling any billing inquiries. Furthermore, this role demands proficiency with electronic billing systems and the ability to handle confidential information with integrity and sensitivity.

Responsibilities

• Manage the end-to-end billing process to ensure timely bill generation and payment.
• Verify and validate healthcare data to ensure accurate billing for services provided.
• Coordinate with healthcare providers to obtain necessary billing information and updates.
• Identify and rectify discrepancies in billing and insurance claims promptly.
• Maintain detailed records and documentation for all billing transactions accurately.
• Communicate and liaise with insurance companies to resolve billing issues and discrepancies.
• Ensure compliance with all relevant healthcare billing regulations and guidelines.
• Develop strategies to improve billing processes and reduce billing cycle time.
• Assist in preparation of billing reports for management and other stakeholders.
• Respond to patient inquiries regarding billing issues in a professional manner.
• Collaborate with the finance department to support collection efforts as needed.
• Train and support junior billing staff in handling complex billing procedures.

Requirements

• Bachelor’s degree in Finance, Accounting, Business, or a related field.
• Minimum of three years’ experience in medical billing or healthcare administration.
• Proficient in healthcare billing software and electronic medical record systems.
• Strong knowledge of medical terminologies and coding systems like CPT and ICD-10.
• Excellent attention to detail and ability to spot billing discrepancies promptly.
• Strong communication and interpersonal skills for effective collaboration.
• Ability to handle sensitive information with the utmost confidentiality and discretion.
• Knowledge of healthcare regulations, including HIPAA and billing compliance standards.
• Strong analytical and problem-solving skills to assist in resolving billing issues.
• Capability to manage multiple tasks and prioritize efficiently in a fast-paced environment.