Billing Executive- Healthcare (225-726)

A Billing Executive in the healthcare sector plays a crucial role in ensuring accurate financial transactions within the organization. This position requires a deep understanding of healthcare billing procedures, codes, and regulations. A Billing Executive is responsible for managing patient billing accounts, processing healthcare insurance claims, and collaborating with various departments to ensure seamless billing operations. The candidate must possess strong analytical skills to resolve billing discrepancies and a meticulous attention to detail to maintain accurate financial records. Additionally, an excellent communication skill set is essential to effectively interact with patients, insurance companies, and internal staff. The candidate will be expected to stay updated with the ever-evolving healthcare regulations and insurance policies to ensure compliance and optimize billing operations.

Responsibilities

• Manage the entire billing process for healthcare services provided to patients.
• Ensure all billing transactions are accurate and in accordance with healthcare regulations.
• Process insurance claims in a timely manner to guarantee smooth revenue flow.
• Collaborate with healthcare providers to verify patient information and coverage details.
• Resolve billing discrepancies and disputes efficiently to maintain patient satisfaction.
• Maintain up-to-date financial records and billing software for accurate information retrieval.
• Communicate effectively with patients and insurance companies regarding billing inquiries.
• Analyze billing data to identify trends and improve current billing processes.
• Coordinate with the finance department to ensure successful reconciliation of accounts.
• Stay informed about the latest updates in healthcare billing regulations and standards.
• Prepare and distribute regular billing reports for management and stakeholders.
• Provide training and support to junior staff on billing procedures and requirements.

Requirements

• Bachelor's degree in finance, healthcare administration, or a related field is required.
• A minimum of two years' experience in healthcare billing or a similar role.
• Strong understanding of medical billing codes, procedures, and insurance claims.
• Proficiency in using billing software and MS Office applications is essential.
• Excellent analytical skills with attention to detail for accurate financial records.
• Strong communication skills to effectively interact with patients and team members.
• Ability to work independently and manage multiple tasks under tight deadlines.
• Knowledge of healthcare laws, regulations, and compliance standards is preferred.
• Customer service-oriented mindset for handling billing inquiries and disputes.