Underpayment Analyst

Summary

Join EnableComp as an Underpayment Analyst/Denials Analyst and act as a liaison between clients and our appeals process. You will facilitate payment recovery for denied and underpaid accounts, increasing departmental revenue. This role involves handling sensitive patient health information, requiring strict adherence to privacy and security protocols. Key responsibilities include reviewing and appealing claims, using our proprietary software, and collaborating with payers to resolve outstanding receivables. You will leverage your expertise in healthcare billing, collections, and insurance claims processing to ensure accurate and timely reimbursements. EnableComp offers a supportive and growth-oriented work environment, recognized as a top workplace.

Requirements

• High School Diploma or GED required
• 5+ years’ experience in healthcare field working in billing or collections
• 1+ years’ client facing/customer services experience
• Intermediate level understanding of insurance payer/provider claims processing and subsequent data requirements
• Equivalent combination of education and experience will be considered
• Must have strong computer proficiency and understand how to use basic office applications, including MS Office (Word, Excel, and Outlook)
• Intermediate understanding of ICD, HCPCS/CPT coding, and medical terminology
• Strong understanding of the revenue cycle process
• Full understanding of hospital reimbursement, Intermediate knowledge of Managed Care contracts, Contract Language, and Federal and State requirements
• Familiarity with HMO, PPO, IPA, and capitation terms and how these payors process claims
• Intermediate understanding of EOB, hospital billing form requirements (UB04), and familiarity with the HCFA 1500 forms
• Demonstrate strong ability to review client/payer contracts to identify complex underpayments
• Regular and predictable attendance
• To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions

Responsibilities

• Review, evaluate, appeal, and follow up on outstanding, denied, underpaid, and other assigned claims using EnableComp’s proprietary software, systems and tools
• Use payment documentation provided by payers and medical provider contract information to determine the correct reimbursement
• Efficiently review hospital contracts to identify and collect cash payments from insurance companies, ensuring prompt payments of denied and underpaid claims
• Research, request, and acquire all pertinent medical records and supporting documentation to create and submit complex underpayment appeals to the appropriate payer, ensuring accurate and timely claim reimbursement
• Conduct timely and thorough telephone follow-up with payers to ensure claims with supporting documentation have been received and facilitate resolution of outstanding receivables
• Ensures smooth operations and improves customer satisfaction
• Other duties as required

Preferred Qualifications

• Associates or Bachelor’s Degree preferred
• Practices and adheres to EnableComp’s Core Values, Vision and Mission
• Proven ability to meet and/or exceed productivity targets and goals
• Maintains stable performance under pressure or opposition. Handles stress in ways to maintain relationships with all stakeholders
• Must be a self-starter and able to work independently without direct supervision
• Proven written and verbal communication skills
• Strong analytical and problem-solving skills
• Proven experience working with external clients; strong customer service skills and business acumen
• Ability to prioritize and manage multiple competing priorities and projects concurrently
• Must be able to remain in stationary position 50% of the time
• Occasionally moves about inside the office to access office equipment, etc
• Constantly operates a computer and other office equipment such as a copy/scan/print machine, phone and computer