We are seeking a Medical Accounts Receivable (AR) Specialist to join our team. The ideal candidate is organized, detail-oriented, dependable, and experienced in managing medical accounts receivable and insurance follow-up.
The AR Specialist will be responsible for working outstanding accounts, following up with insurance companies, resolving denials and payment issues, processing daily deposits, and ensuring accounts are accurately balanced.
Responsibilities include:
- Manage and work assigned medical accounts receivable.
- Review aging reports and prioritize outstanding balances.
- Follow up with insurance companies on unpaid and pending claims.
- Investigate and resolve claim denials, rejections, and underpayments.
- Submit corrected claims and insurance appeals when necessary.
- Review EOBs and ERAs to identify payment discrepancies.
- Contact insurance carriers to obtain claim status and resolve payment issues.
- Process bank deposits and post daily insurance and patient payments.
- Balance daily deposits against payment postings, deposit reports, and system totals.
- Research and resolve discrepancies between deposits, payment postings, and bank records.
- Identify and correct billing and payment posting errors.
- Document all AR follow-up and payment activity accurately.
- Monitor accounts until payment or resolution is received.
- Assist with reducing outstanding balances and improving overall collections.
- Meet established AR, payment posting, accuracy, and collection goals.
- Maintain patient confidentiality and comply with HIPAA requirements.
Requirements & Qualifications
Preferred experience and qualifications:
- 1–3+ years of medical AR or medical billing experience preferred.
- Experience processing daily deposits and balancing payment batches preferred.
- Experience with auto accident/PIP billing.
- Understanding of physical therapy and chiropractic billing.
- Workers' compensation billing experience.
- Experience with commercial insurance, Medicare, and Medicaid.
- Experience handling insurance denials, appeals, and claim corrections.
- Experience with payment posting and reconciliation.
- Strong understanding of EOBs and ERAs.
- Experience working insurance aging reports.
- Familiarity with medical billing and EHR software.
- Microsoft Excel experience required.
- Medical billing experience required.
Benefits & Perks
- 401(k)
- Dental insurance
- Health insurance
- Paid sick time
- Paid time off
- Vision insurance
Location
Massachusetts, US
Employment Type
Full-time
Experience Level
Associate
Remote work allowed
No
Posted
1 month ago