RCM Billing Specialist at Benchmark Solutions Co, LLC. in Forest, Virginia

Job Description:

Key Responsibilities Will Be:

Accurate Claim Filing

• Prepare, review, and submit claims to insurance companies accurately and within specified timelines, ensuring that all claims meet payer requirements.


• Ensure that claims are complete, with all necessary documentation and coding included to prevent rejections or denials.


• Monitor claims for accuracy, resolving discrepancies, and conducting follow-ups on outstanding claims to facilitate timely payment.


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Coding and Documentation Compliance

• Apply accurate ICD-10, CPT, and HCPCS coding in compliance with payer and regulatory guidelines, ensuring that services are appropriately coded for optimal reimbursement.


• Work with clinical and administrative teams to clarify and obtain necessary documentation or coding details, ensuring claims are coded accurately.


• Keep up-to-date with current coding practices, payer guidelines, and regulatory requirements to maintain compliance and accuracy in claim submissions.

Claims Submission and Follow-Up

• Verify patient insurance coverage and eligibility prior to claim submission, ensuring that payer requirements are met to avoid rejections.


• Submit claims electronically or via paper as required by payers, confirming that claims are processed efficiently within the revenue cycle.


• Conduct follow-up on submitted claims, contacting payers when necessary to resolve any issues or delays, and taking corrective action on denied or rejected claims.

Billing and RCM Compliance

• Maintain strict adherence to HIPAA and all applicable billing and coding regulations to ensure patient privacy and compliance.


• Assist with periodic audits of billing and coding practices to ensure compliance with payer and regulatory guidelines.


• Stay informed about industry updates, payer requirements, and changes in billing codes to ensure that claim submissions reflect current standards.

Qualifications:

• Education: High school diploma or GED required; an Associate’s degree or certification in medical billing, coding, or a related field is preferred.

Experience:

• 1-3 years of experience in medical billing, coding, or claims processing.


• Knowledge of ICD-10, CPT, and HCPCS coding, as well as familiarity with EHR/EMR and billing software.


• Certifications: CPC (Certified Professional Coder), CBCS (Certified Billing and Coding Specialist), or similar certification preferred but not required.

Skills:

• Strong understanding of medical terminology, billing procedures, and coding practices.


• Excellent attention to detail with the ability to accurately file claims and identify discrepancies.


• Strong communication skills, with the ability to work effectively with team members, clients, and external payers.


• Proficiency with Microsoft Office (Word, Excel) and billing software systems.

Competencies:

• Attention to Detail: High level of accuracy and thoroughness in reviewing, coding, and submitting claims, ensuring adherence to payer guidelines.


• Problem Solving: Ability to identify and resolve billing discrepancies or coding issues, working proactively to prevent claim rejections.


• Compliance-Oriented: Committed to maintaining strict confidentiality and compliance with HIPAA, payer guidelines, and regulatory requirements.


• Organizational Skills: Effective time management and organizational skills to handle multiple claims, follow-ups, and ensure timely submission.


• Communication: Skilled in clear and professional communication with internal teams, clients, and payers to resolve issues and clarify documentation.