Salary Range: $20.8200 - $32.0300 /hour. Actual compensation may vary based on geographic location, work experience, skill level, and education. The Insurance Verification Specialist verifies insurance and benefit coverage for services in assigned department(s). This role works directly with patients, insurance companies, and clinical departments to verify insurance coverage, obtain proper authorizations, and ensure timely reimbursement of services. He/she reviews physician orders for medical ne... more details
Salary Range: $20.8200 - $32.0300 /hour. Actual compensation may vary based on geographic location, work experience, skill level, and education.
The Insurance Verification Specialist verifies insurance and benefit coverage for services in assigned department(s). This role works directly with patients, insurance companies, and clinical departments to verify insurance coverage, obtain proper authorizations, and ensure timely reimbursement of services. He/she reviews physician orders for medical necessity and accuracy and provides clinical documentation to support proper authorization. Accurately and timely codes insurance in the billing system. Provides patient education of service of benefits, status of pending or denied authorizations and gets assistance in resolving. Determines copayment and deductible amounts, maintains charge entry and reconciles daily charges. Accurately enters insurance benefit and authorization information into patient accounts. Seeks assistance as needed to maintain service levels. May arrange for peer-to-peer evaluations between physician offices and insurance companies as requested. Performs other duties as assigned.
Additionally, the Insurance Verification Specialist II oversees a larger volume or variety of accounts. Serves as a direct liaison between insurance carrier and organization and notifies of Utilization Review documentation. Communicates financial class changes to ensure proper coordination of care. Tightly monitors day-to-day inventory to ensure insurance authorization is in place before services are rendered. May validate Medicare LTR days. Maintains productivity expectations with low error rates. Serves as a resource to less experienced team members.
Education and Experience
High school diploma or equivalent required.
Two to three years’ experience in patient access or related healthcare experience is required.
One year of experience in Insurance Verification is required.
Intermediate knowledge of Windows computers and data entry is required.
Experience with billing, insurance verification, coding, authorization guidelines, ICD 10 and CPT-4 coding, and/or medical terminology preferred.
Degree and/or certificate in related field preferred
Hoag is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind. Hoag is committed to the principle of equal employment opportunity for all employees and providing employees with a work environment free of discrimination and harassment. Hoag hires a diverse group of people in a manner that allows them to reach their full potential in the pursuit of organizational objectives.
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