Accounts Receivable and Collections Specialist

$39,520 - $41,600/Yr

Shared Response Health Systems - Killingworth, CT

Full-time - Entry Level

Killingworth, CT

Professional, Scientific, and Technical Services

About the position

The Accounts Receivable and Collections Specialist is a full-time role within a busy Central Billing Office, responsible for managing accounts receivable processes in a medical billing environment. The position involves manual and automated posting of payments, handling insurance denials, and ensuring accurate financial reporting and communication with clients and management.

Responsibilities

• Accurately download 835 files and manually post checks to Medical Billing Accounts Receivable.
• Verify postings and balance batches of accounts receivable.
• Transmit weekly batch reports to clients.
• Log journal entries and balance client accounts at mid-month and month-end.
• Balance billing patients by reviewing remittance advice and consulting with the office manager.
• Prepare bi-weekly bank deposits.
• Resolve discrepancies by examining and evaluating data.
• Communicate discrepancies in payments to the manager.
• Maintain quality results by following established standards.

Requirements

• High School diploma or GED required.
• Strong mathematical, analytical problem-solving, and logic skills required.
• Minimum typing speed of 10,000 KPH required.
• Ability to read and understand Explanation of Benefits (EOBs) required.
• Minimum of two (2) years prior experience in the healthcare field.
• Ability to work in a fast-paced environment and multi-task effectively.
• Must be a team player and work well with co-workers, management, and the public.

Nice-to-haves

• Experience with ICD-10 coding (1 year preferred).

Benefits

• 401(k)
• Dental insurance
• Health insurance
• Paid time off