Finance Executive

Position Overview: The Finance Executive is a critical member of the finance team, responsible for managing the billing process and ensuring the accurate and timely submission of claims. This role demands a high level of analytical expertise to analyze billing data, identify trends, and implement improvements to optimize the revenue cycle. The ideal candidate will possess a robust understanding of healthcare billing practices, insurance policies, and financial procedures, combined with strong analytical skills.

Key Responsibilities:

1. Billing and Claims Processing:
   • Prepare and submit accurate insurance claims to various payers, including Medicare, Medicaid, and private insurance companies.
     
   • Review and verify patient information and billing codes to ensure accuracy and compliance with regulatory requirements.
     
   • Monitor and follow up on unpaid or denied claims, correcting and resubmitting them as necessary.
     
   • Maintain detailed records of billing activities and transactions.
     
2. Analytical and Reporting Responsibilities:
   • Generate detailed reports on billing activities, accounts receivable, and revenue cycles for management review.
     
   • Analyze billing data to identify trends, areas for improvement, and potential issues.
     
   • Develop and implement strategies based on data analysis to enhance billing processes and reduce errors.
     
   • Conduct financial analysis and modeling to support strategic decisions.
     
3. Patient Account Management:
   • Manage patient accounts, including sending invoices, processing payments, and resolving billing inquiries.
     
   • Assist patients in understanding their bills, insurance coverage, and payment options.
     
   • Negotiate payment plans with patients when necessary and follow up on outstanding balances.
     
4. Compliance and Documentation:
   • Stay current with industry regulations, insurance guidelines, and coding practices to ensure compliance.
     
   • Maintain accurate and up-to-date patient records, including all billing-related documentation.
     
   • Conduct regular audits of billing activities to identify and correct any discrepancies.
     
5. Coordination with Other Departments:
   • Collaborate with healthcare providers, coding specialists, and administrative staff to ensure accurate billing and efficient workflow.
     
   • Provide support to the finance team with month-end closing processes and financial reporting.
     
6. Technology and System Management:
   • Utilize billing software and electronic health record (EHR) systems to manage billing processes.
     
   • Ensure all billing systems are updated and functioning correctly.
     
   • Leverage analytical tools and software to improve data accuracy and process efficiency.
     

Qualifications:

• Education:
  • Bachelor’s degree in Finance, Accounting, Business Administration, Data Analytics, or a related field. Relevant work experience may be considered in lieu of a degree.
    
• Experience:
  • Minimum of 1 to 3 years of experience in healthcare billing or medical billing with a strong focus on data analysis.
    
  • Familiarity with ICD-10, CPT coding, and medical terminology.
    
  • Proven experience with electronic health records (EHR) and billing software systems.
    
  • Demonstrated experience in financial analysis and data-driven decision making.
    
    Job Location: Bangalore ,Work From Office
    
    Interested can apply to [email protected]