About the Role

We are seeking an Advanced Collection Specialist - Remote to join our dynamic team. In this role, you will be responsible for managing complex collections processes in the healthcare sector, ensuring timely payments and effective communication with patients and insurance companies. As an Advanced Collection Specialist, you will play a crucial role in optimizing our revenue cycle management and enhancing patient satisfaction.

What You'll Do

  • Manage accounts receivable for specialty infusion and medical billing, ensuring accurate and timely collections.
  • Utilize problem-solving skills to address and resolve complex billing issues with patients and insurance providers.
  • Conduct insurance verification and patient eligibility checks to facilitate smooth billing processes.
  • Collaborate with healthcare professionals to ensure compliance with HCPC coding and billing regulations.
  • Communicate effectively with patients regarding their accounts, payment plans, and financial responsibilities.
  • Analyze and report on collection metrics to identify trends and areas for improvement.
  • Participate in training and development programs to enhance your skills in collections and revenue cycle management.
  • Work independently in a remote setting while maintaining productivity and meeting performance targets.

Requirements

  • 2-5 years of experience in accounts receivable management or medical billing.
  • Strong negotiation and communication skills, with a focus on customer service.
  • Proficiency in Microsoft Excel, Word, and Outlook.
  • Knowledge of healthcare billing processes, including prior authorization and clinical reviews.
  • Ability to analyze data and make informed decisions to improve collection outcomes.
  • Experience in a remote work environment is preferred.

Nice to Have

  • Familiarity with specialty infusion pharmacy billing.
  • Certification in medical billing or coding.
  • Experience with revenue cycle management software.

What We Offer

  • Competitive wages with a salary range of $60,000 to $80,000 annually.
  • Flexible schedules to promote work-life balance.
  • 401(k) plan with company matching contributions.
  • Referral bonuses for bringing new talent to our team.
  • Annual merit-based salary increases.
  • No weekend or holiday shifts required.
  • Comprehensive medical, dental, and vision insurance plans.
  • Company-paid disability and basic life insurance coverage.
  • Generous paid time off policy.
  • Education assistance program to support your professional growth.
Why This Job8.2 of 10

This role offers a great opportunity for those looking to work in healthcare collections remotely. With competitive pay and flexible schedules, it's an attractive position for professionals in the field.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficient in Excel for data analysis and reporting, able to create complex formulas and pivot tables to track accounts receivable trends and identify collection issues.

Demonstrates strong negotiation skills, particularly in healthcare billing scenarios, adept at resolving disputes with insurance companies while maintaining a positive relationship with patients.

Possesses a proactive mindset with a focus on revenue cycle optimization, continually seeking out best practices in medical billing and collections to enhance efficiency and patient satisfaction.

Learning Resources

A Beginner's Guide to Medical Billingarticle

Career Path

Advanced Collection Specialist - Remote(Now)Revenue Cycle Analyst(1-2 years)Revenue Cycle Manager(3-5 years)

Market Overview

Market Size 2024
$12.3B
Annual Growth
8.5%
AI Adoption in AR
45%
Investment in AR Tech
+30%
Labour Demand for AR Specialists
+25%
Avg Salary for AR Specialists
$65K

Skills & Requirements

Required
Accounts ReceivableMedical BillingNegotiation Skills
Growing in Demand
Data AnalyticsRobotic Process Automation (RPA)Financial Software Proficiency
Declining
Legacy Accounting SoftwareManual Data Entry

Domain Trends

Increased Automation in Accounts Receivable
Over 60% of companies are investing in RPA to streamline AR processes, reducing manual workloads and improving efficiency.
Shift Towards Data-Driven Decision Making
80% of AR departments are adopting data analytics tools to enhance cash flow forecasting and customer insights.
Growth of Remote Work in AR Roles
The remote workforce in Accounts Receivable has increased by 40% since 2020, driven by the need for flexibility and access to a broader talent pool.

Industry News

Loading latest industry news...

Finding relevant articles from the last 6 months

All job postings are automatically gathered by algorithms. We do not review or verify listings, be careful when applying and do not sign-in with iCloud or Google services.