Collections Specialist

Job Title

Collections Specialist

Job Description

You have the opportunity to manage denials, payer aging and negative balance reports on our Revenue Cycle Management team.

Your role:

• Escalating payor issue trends for leadership consideration along with possible solutions and providing daily follow up on insurance correspondence, to ensure claim payments are made in a timely manner.

• Developing and maintaining updates for any problem payers and assisting in identifying, evaluating and developing systems /procedures to address issues with their payers.

• Determining patient eligibility along with basic benefit verification (qualifying diagnoses, prior testing and authorization requirements) and reading eligibility of benefits, to determine claim processing by insurance carriers.

You're the right fit if:

• You have a high school diploma or GED equivalent (required), bachelor's degree (a plus)

• You've acquired 1+ years of experience in reimbursement services, insurance/medical billing, insurance verification, collections and/or Accounts Receivable in medical billing (strongly preferred).

• Your skills include experience with revenue cycle management with insurance companies (a plus) and a strong knowledge of Microsoft Word, Excel and e-mailing systems.

• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

• You're a strong verbal communicator with both internal/external partners

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.

• Discover our rich and exciting history.

• Learn more about our purpose.

• Read more about our employee benefits.

If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Philips Transparency Details

The hourly pay range for this position is $ 21.00 - 23.00 USD Hourly, plus overtime eligible. The actual base pay offered may vary depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here.

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Rosemont, IL.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.

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This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.