Shire Jobs

JOB SUMMARY

The Reimbursement Audit Specialist prepares and monitors reimbursement schedules with hospitals, physicians and ancillary providers based upon the companies' relationship, volume and market sensitivity. Performs audits and examines provider contracts to identify underpayment and/or potential overpayment opportunities. Coordinates corrective action plans to ensure compliance and/or improvement of performance.

WORK MODEL

Hybrid - (not 100% on site at this time nor 100% remote)

Expectations are to be local to the Baylor Scott & White Healthplan building in Temple for flexibility to come in to the office for meetings, special projects, etc.

ESSENTIAL FUNCTIONS OF THE ROLE

• Develops reimbursement models for hospitals, physicians and ancillary providers based upon financial and actuarial projections.

• Performs financial investigation to access actual costs prior to contract renegotiations and examines provider contracts to identify underpayment and/or potential overpayment opportunities.

• Ensures targeted aggregate medical costs meet budget.

• Ensures that proper incentives are created and financial targets are met.

• Collaborates with Provider Relations in negotiating positions for contracts, based upon information collected from the community, internal physicians, management and the Network Issues Committee.

• Reviews, examines, and studies provider contracts to validate negotiated rates are consistent and within the recommended guidelines in accordance with departmental policies and procedures.

• Communicates detailed contract requirements to properly administer agreements to Claims, MIS and CCD and ensures that staff are aware of regulatory and quality requirements.

• Ensures contracts are administered based upon the understanding reached during the negotiation.

• Validates implemented rates of executed provider contracts and payment rules on contract management software.

• Develops compliance plans, if necessary, to meet established policy, state and federal regulations.

• Develops and maintains an appropriate evaluation system for documenting and tracking of audits that allows for continued monitoring to ensure compliance.

• Organizes and performs random and for-cause audits of reimbursement policies, benefit adjudication and provider fraud.

• Conducts, investigates, and reports on audits as assigned to prevent, discover, investigate reimbursement errors, insurance fraud, and abuse in compliance with internal policies and procedures, and state/Federal regulations.

• Prepares report of audit findings and reviews with management in a clear, concise, professional and timely manner.

KEY SUCCESS FACTORS (Specific experience/knowledge to be successful in this role.)

• Understanding healthcare claims processing.

• Knowledgeable of current compliance, reimbursement methodology, billing and coding regulations.

• Proficient in the use of spreadsheets. (Specifically Excel spreadsheets)

• Finance and data-based background preferred.

• Understanding of single-case agreements.

• Knowledge of out of network authorizations to ensure proper billing to our patients.

BENEFITS

Our competitive benefits package includes the following

• Immediate eligibility for health and welfare benefits

• 401(k) savings plan with dollar-for-dollar match up to 5%

• Tuition Reimbursement

• PTO accrual beginning Day 1

Note: Benefits may vary based upon position type and/or level

QUALIFICATIONS

• EDUCATION - Bachelor's

• Must be obtained prior to submitting application

• Obtaining your Bachelor's this year, will not pass Onboarding validations.

• EXPERIENCE - 3 Years of Experience

• Healthcare billing/claims knowledge

• Working with Microsoft Excel spreadsheets, Outlook and Teams (meetings, uploading files, chat feature, etc.)

As a health care system committed to improving the health of those we serve, we are asking our employees to model the same behaviours that we promote to our patients. As of January 1, 2012, Baylor Scott & White Health no longer hires individuals who use nicotine products. We are an equal opportunity employer committed to ensuring a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.