Reimbursement Specialist – Healthcare
philips · Chicago
Job description
About the role
Join a fast‑paced revenue‑cycle team where you’ll lead the resolution of complex insurance claims, drive timely reimbursements, and directly influence financial performance and operational success.
Key responsibilities
- Manage denied and rejected insurance claims by researching root causes, correcting issues, and following up with payers to secure reimbursement.
- Review Explanation of Benefits (EOBs), payment variances, aging reports, and negative balances to ensure accurate claim processing.
- Work directly with insurance payers to resolve denials, authorization issues, filing errors, and reimbursement discrepancies.
- Escalate recurring payer trends and recommend process improvements to leadership.
- Verify patient eligibility, qualifying diagnoses, prior testing, and authorization requirements.
- Utilize Excel, dashboards, and worklists to track claim activity, monitor productivity, and identify reimbursement trends.
- Maintain compliance with internal processes, reimbursement standards, and quality expectations.
- Support team collaboration by assisting with payer resolution efforts across accounts and ensuring timely follow‑up on outstanding claims.
Required profile
- 2+ years of experience in accounts receivable, reimbursement, collections, or denial management, with hands‑on experience resolving denied insurance claims.
- Bachelor’s degree, high school diploma, GED, or vocational training in finance, accounting, business administration, economics, or a related field.
- Strong analytical, problem‑solving, and communication skills, with the ability to work independently in a fast‑paced environment.
Required skills
- Excel
- Dashboards
- Claim processing systems
What we offer
- Competitive hourly pay ranging from $26 to $41.
- Comprehensive benefits including generous PTO, 401(k) match up to 7%, HSA contributions, stock purchase plan, and education reimbursement.
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Published 1 month ago
Expires 2 weeks from now
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philips
Chicago
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