Senior Billing Specialist (Federal Contracting Experience Required. This is not a medical billing role) in Remote United States of America | Finance at Magellan Health (2024)

FAQs

What does a senior billing specialist do? ›

Researches and resolves client account issues and ensures billing system and reconciliations are updated timely, appropriately and accurately to support accurate client remittance and proper revenue recognition for assigned clients.

Instead of working in the office, work from home medical billers complete their job duties remotely, either from home or another location outside of the office with internet connectivity.

A medical billing specialist acts as a liaison between the medical office and insurance companies. What does this mean? In simple terms, a medical billing specialist helps a healthcare facility manage insurance claims, invoices, and payments.

Familiarity with healthcare industry codes is paramount for medical billing specialists. A medical biller must understand the codes, even if someone else is responsible for the coding, because they verify the codes before submitting insurance claims.

Coders: Work With Patients. While medical coders work with patient data to assign appropriate codes and accurately process claims, medical billers interact directly with patients. Billers are generally responsible for collecting payments from patients and processing insurance claims.

A strong candidate for a Proven Billing Specialist should have a keen eye for detail, excellent organizational skills, and a solid understanding of financial software. They should also be able to communicate effectively and resolve conflicts diplomatically.

In summary, medical billing and coding can be a challenging field that requires attention to detail, critical thinking, and technical skills. However, with the right training and experience, you can become a skilled medical biller and coder.

For people who like to work independently, and are motivated to get things done without being micromanaged, medical billing and coding is a great career choice. Medical coding and billing is a good way to start your career in healthcare, help patients, and earn a decent living.

Medical Biller Job Responsibilities:

Generates revenue by making payment arrangements, collecting accounts, and monitoring and pursuing delinquent accounts. Collects delinquent accounts by establishing payment arrangements with patients, monitoring payments, and following up with patients when payment lapses occur.

You may be more comfortable in medical coding. Coders more often do their day-to-day work on their own in occasional collaboration with other healthcare staff. This is typically a better option for analytical, detail-oriented students uneasy with the idea of talking to people all day.

Is CPC certification worth it? ›

It demonstrates your expertise in medical coding, making you a competitive candidate for various coding positions, including medical coder, billing specialist, and coding auditor. Higher Earning Potential: CPC-certified professionals typically command higher salaries compared to non-certified coders.

Medical billing and coding are professions in the healthcare industry that require education and expertise. Medical coding can be challenging, as it requires a strong understanding of medical terminology, anatomy, and medical billing and reimbursem*nt processes.

Billing usually refers to the process called revenue cycle management (RCM) where a practice submits a claim for reimbursem*nt from a third party payer. Accounting usually refers to the process of bookkeeping and tax preparation as a result of revenue, expense, and profit generation.

A Billing Specialist is responsible for the financial transactions of a company or business. An objective for this position should make reference to the experience or skills needed for maintaining accurate records and invoices.

Knowledgeable about preparing invoices, processing payments and pursuing past-due balances. Well-versed in accurately coding different types of bills for clear record keeping and tracking. Produce, distribute and track more than 600 monthly invoices.

A senior billing analyst is responsible for managing and analyzing financial data, preparing reports, and ensuring accurate billing procedures. Key responsibilities include processing insurance claims, implementing billing systems, conducting billing adjustments, and maintaining the general ledger.