C

Cotiviti

Catches billing errors for health insurers

Revenue Cycle Specialist

Accounts Payable/ReceivablePosted on Nov 9
Full-timeRemote in USA

About the Job

Requirements

  • A bachelor's degree in Finance, Accounting, or Business, or three years of Accounting/Finance experience is required.
  • Computer proficiency in Microsoft Office applications and system databases is required.
  • Working knowledge of applicable industry-based standards is required.
  • A dedicated, secure work area and high-speed internet access/connectivity are required.
  • The role requires the ability to communicate with others to exchange information and to assess the accuracy, neatness, and thoroughness of assigned work.
  • The role requires remaining stationary, often standing or sitting for prolonged periods, and repeating motions that may include the wrists, hands, and/or fingers.

Responsibilities

  • Reconcile and post all received payments, identify discrepancies, analyze issues, and ensure payments are posted timely.
  • Manage inventory and system alignment between Cotiviti and clients, reconcile data across different sources, conduct research, and work with cross-functional teams.
  • Post payments to collection accounts and reconcile them with posted bank transactions.
  • Work with the accounts payable department to have refunds issued when needed.
  • Reconcile monthly bank statements with the cash posting database.
  • Post adjustment transactions to the collection system and the client's system.
  • Perform cash application functions and process them according to corporate and client requirements and key performance criteria.
  • Access and understand information in online systems and determine how a claim was paid to accurately apply payments and adjustments and help determine refund adjudication.
  • Prepare and record financial transactions for assigned accounts to maintain accurate and timely financial histories.
  • Ensure daily deposit reconciliation and maintain daily and monthly reporting for audit purposes.
  • Reconcile daily deposit totals, review and correct discrepancies, balance cash, reconcile bank deposits, and communicate with internal and external customers.
  • Research and accurately distribute payments that lack an apparent invoice number or date of service.
  • Research and determine the correct claim for a payment when valid patient and date-of-service information is available, then accurately apply the payment to the correct claim.
  • Maintain detailed knowledge of compliance and recovery laws regarding processing and recoupment, and ensure compliance with state laws governing cash processes throughout the collection cycle.

Desired Qualifications

  • Knowledge of healthcare claims is strongly preferred.

About the Company

Cotiviti

Catches billing errors for health insurers

Cotiviti sells software and review services that help US health insurers pay medical claims correctly, catch fraud, and track the quality of care their members receive. Its software for HEDIS, the care-quality scores US health plans report, has passed certification by the nonprofit NCQA every year since 2001. Insurers run claims through its coding and payment-policy checks before paying them, while its auditors review medical records and paid claims to recover overpayments. Clients pay it software fees or a share of the savings it finds. Cotiviti began in 1979 by auditing retailers' payments to suppliers, which it still does, and it is based in South Jordan, Utah, and owned by private equity firms Veritas Capital and KKR.

Company size
5,001-10,000
Company stage
IPO
Headquarters
South Jordan, UT
Founded
1979

Recently Posted Jobs

Explore more opportunities at Cotiviti

See more jobs