Revenue Cycle Specialist

Job Type


Full-time

Description

Position Summary


The Revenue Cycle Specialist is responsible for optimizing revenue and ensuring the accuracy and compliance of all billing and coding practices within a healthcare organization. This role involves analyzing and auditing claims, providing education and training to staff, and implementing processes to enhance revenue integrity.

Essential Functions and Responsibilities

• Review and audit claims, medical records, and documentation to identify errors, discrepancies, or compliance issues.
• Verify that services provided are correctly documented, coded, and billed according to payer and regulatory requirements.
• Work to maximize revenue by identifying opportunities for additional billable services, coding accuracy, and reducing claim denials.
• Analyze reimbursement rates and fee schedules to ensure the organization is being reimbursed appropriately.
• Provide training and education to clinical and administrative staff on coding and documentation best practices.
• Stay updated on changes in coding and billing guidelines and share this information with relevant staff.
• Monitor compliance with healthcare regulations, including CMS (Centers for Medicare & Medicaid Services) and third-party payer requirements.
• Ensure that all billing and coding practices align with regulatory standards.
• Analyze data and prepare reports on key performance indicators related to revenue integrity, such as coding accuracy, claim denial rates, and reimbursement trends.
• Identify and implement process improvements to enhance revenue integrity, streamline workflows, and reduce errors.
• Collaborate with relevant departments to resolve issues and enhance revenue cycle processes.
• Assist coders and clinical staff with complex coding scenarios and documentation requirements.
• Conduct regular chart reviews and provide feedback to improve documentation quality.

Requirements

• Bachelor's degree in a related field, such as healthcare administration, health information management, or nursing. Relevant certifications (e.g., Certified Professional Coder - CPC) may be preferred.
• Several years of experience in healthcare billing, coding, or revenue cycle management, with a focus on revenue integrity.
• Eyecare experience preferred.