Job Description

The Overpayment Recovery Specialist is responsible for identifying, investigating, and recovering overpayments made by the company or clients. This role involves detailed analysis of claims data, provider contracts, and reimbursement processes, and requires strong analytical skills to track financial discrepancies, communicate with relevant parties, and ensure the timely and accurate recovery of funds.

WHAT YOU'LL BE DOING

• Reviewing medical claims payment data and appeals to identify and verify overpayments.
• Investigating overpayment causes, which may include duplicate payments, eligibility, system errors, or non-compliance with IPA authorization rules.
• Documenting overpayment claims, detailing the analysis, actions taken, and results of the recovery process.
• Maintaining organized records of all overpayment recovery activities for audit purposes.
• Initiating recovery processes for overpayments, including contacting healthcare providers to request refunds.
• Working with stakeholders to determine the most effective recovery method, whether through direct reimbursement, adjustments, or other means.
• Monitoring and following up on overpayment claims to ensure timely recovery of funds.
• Preparing and submitting regular reports detailing the status of overpayment recoveries, including the amounts recovered and outstanding issues.
• Tracking and documenting trends in overpayment cases and provide insights into root causes and opportunities for process improvement.
• Monitoring and tracking offset recovery on PAR provider claims and report to senior management.
• Providing clear communication with all stakeholders, ensuring timely resolution and proper documentation of recovery efforts.
• Serving as a point of contact for escalated overpayment inquiries or disputes from external parties.
• Ensuring compliance with healthcare regulations, such as HIPAA, insurance policies, and government payer guidelines.
• Adhering to company and industry policies regarding claims processing, overpayment recovery procedures, and reporting.
• Staying updated on changes in healthcare billing and reimbursement laws to ensure regulatory compliance.
• Providing excellent customer service when communicating with providers regarding overpayment issues.
• Negotiating repayment arrangements or settlements with healthcare providers, ensuring a fair and efficient resolution.

Qualifications

WHAT YOU'LL NEED YOU TO HAVE

• Minimum of 3 years of experience in healthcare billing, coding, claims.
• 3-5 years of experience in customer service collections, particularly in healthcare or insurance is preferred.
• Excellent communication and interpersonal skills for working with various stakeholders.
• Ability to work independently and prioritize tasks to meet deadlines.
• Knowledge of auditing procedures and claim resolution practices in healthcare.
• Strong analytical and problem-solving abilities.
• Attention to detail and the ability to detect discrepancies in healthcare claims and payments.
• Must have intermediate to advanced knowledge with Microsoft Office, particularly Word, Excel, and Access.
• Must be organized, self-motivated, detail oriented, disciplined and a team player.
• Demonstrates the ability to mentor staff and multi-task with minimum supervision and the ability to prioritize appropriately.

WHAT WE'D LOVE FOR YOU TO HAVE

• Bachelor’s degree in healthcare administration, business, finance, accounting, or related field
• Strong understanding of healthcare regulations, insurance contracts, and reimbursement processes.
• Analytical skills with an ability to interpret healthcare data and claims information.
• Certified Professional Biller (CPB), Certified Professional Coder (CPC), or other similar certifications.
• Prior claims processing experience within Eldorado HealthPac Claims Adjudication System is a plus.
• Claim coding experience, coding edits experience and APC Pricing knowledge.
• CPT and ICD coding knowledge.

Additional Information

The salary for this role is $50,000.00 per year.

COMPENSATION:

The listed compensation range listed is paid bi-weekly per our standard payroll practices. Final base pay decisions are dependent upon a variety of factors which may include, but are not limited to: skill set, years of relevant experience, education, location, and licensure/certifications.

OUR COMMITMENT TO EQUAL OPPORTUNITY EMPLOYMENT

Diversity, inclusion, and belonging are at the core of Guidehealth’s values. We are an equal opportunity employer. We enthusiastically accept our responsibility to make employment decisions without regard to race, religious creed, color, age, sex, sexual orientation and identity, national origin, citizenship, religion, marital status, familial status, physical, sensory, or medical disability, Family and Medical Leave, military or veteran status, pregnancy, childbirth or other related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Our management is fully dedicated to ensuring the fulfillment of this policy with respect to hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment advertising, pay, and other forms of compensation, training, and general treatment during employment.

OUR COMITTMENT TO PROTECTION OF PATIENT AND COMPANY DATA

This position is responsible for following all Security policies and procedures in order to protect all PHI and PII under Guidehealth’s custodianship as well as Guidehealth Intellectual Properties. For any security-specific roles, the responsibilities would be further defined by the hiring manager.

REMOTE WORK TECHNICAL REQUIREMENTS

Guidehealth is a fully remote company. We provide new employees with the necessary equipment to function in their role at no charge to the employee. Employees provide their own internet connection, capable of conducting video calls on camera and connecting to various internal and external systems. The recommended internet speed is a minimum of 50 mbps download, 10 mbps upload. Please consult with your internet provider or run a speed test here to confirm your internet connection meets these requirements.