BILLING/FINANCIAL COORDINATORS
I J Bayrakdarian DMD A Professional Corporation
Job Description
Job Description
The Financial Coordinator is responsible for accurately maintaining the financial records of the organization and is tasked with a wide variety of activities to support the fiscal well-being of the company. Managing collections, insurance verification, contracting, claim submissions, payment processing, reports, tracing, and past dues are key components of the job. Perform billing and collection procedures and follow up on claims regularly to ensure timely payments.
ROLES AND RESPONSIBILITIESTrack patient accounts receivable and outstanding balances to ensure timely payments by developing and maintaining a database of records.
Enter contracts, verify methods of payment, and collect payments as needed
Verify Insurance benefits and determine if patients are required to make co-payments
Creating and coordinating ongoing Financial Contracts (FCONS)
Confirming, scheduling, arranging financial options, and maintaining communication with all outside and 3rd party financing companies offered to patients
Billing Insurances and follow-up on claims submitted.
Processing and posting payments (cash, checks, credit cards, ETF)
Manage and monitor all past due accounts. Mail follow-up letters (past due, missed appointment, dismissal, etc.)
Past due letters are sent as follows:Letter A-10-29 days past due
Letter B- 30-44 days past due
Letter C- 45-59 days past due
Letter D- 60-74 days past due
Letter E- 75 and up days past due (Dismissal)
End of day & Monthly collection reports
Provide excellent patient/customer service by explaining office financial policies to patients; assist patients with financial and insurance questions and concerns.
Assist with physician credentialing and contracting; follow up with all insurance carriers to ensure credentialing/contracting is complete; assist with contract rate negotiations
Adhere to confidentiality, state, federal & HIPAA laws and guidelines
Perform general office duties & other related duties as assigned
SKILLS AND QUALIFICATIONS2+ years related work experience, outstanding financial & analytical skills, Proficient with cash handling, Proficient computer skills, Proficient with MS Office Excel, Outstanding communication skills, both verbal & written, excellent people and organizational skills, and detail-oriented
$20 - $23 per hour
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