Full-Time

Coordinator

Revenue Cycle

Posted on 12/21/2024

CVS Pharmacy

CVS Pharmacy

10,001+ employees

Retail pharmacy and healthcare services provider

Healthcare
Consumer Goods

Compensation Overview

$17 - $25.65Hourly

+ Bonus + Commission + Short-term Incentive Program

Junior, Mid

Company Historically Provides H1B Sponsorship

Orlando, FL, USA + 7 more

More locations: Clermont, FL, USA | Lakeland, FL, USA | Haines City, FL, USA | Winter Park, FL, USA | Kissimmee, FL, USA | Lake Mary, FL, USA | DeLand, FL, USA

Hybrid role.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • 1-3 years of experience in Medical, Healthcare Insurance claims collection, and/ or Pharmacy Reimbursement/Accounts Receivable.
  • Experience in MS Office specifically MS Excel functions.
  • Must live within a 1 hour commute to the Orlando office.
  • Verifiable High School Diploma or GED required.
Responsibilities
  • Work out of a unbilled queue and aged work list queue processing denials, unpaid claims, primary and secondary billing efforts for both commercial and government payers.
  • Follow up on payment denials and underpayments on patient’s accounts, working with payers to ensure that all claims have been processed correctly and have been applied to the appropriate accounts.
  • Continually monitor the billing and collections process to ensure that any communication, collection efforts and adjustments have been documented and recorded on patient accounts.
  • Perform detailed research of claims and outstanding balances. Identifying root cause and resolve trends and issues with minimal supervision.
  • Utilizing Paper (Universal Claim Forms and HCFA 1500) and Electronic Billing (System Adjudication and Web portal billing) systems.
  • Escalate and appeal claims for expedited resolution.
  • Analyzing and understanding Explanation of Benefits (EOBs) and Remittance advice breakdown.

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their pharmacies offer prescription medications, over-the-counter health products, beauty items, and general merchandise. CVS Health also includes a pharmacy benefits manager that serves over 75 million plan members and a senior pharmacy care business that assists more than one million patients each year. This integrated model allows CVS Health to deliver affordable health management solutions, improving access to quality care and health outcomes while aiming to reduce overall healthcare costs. Unlike many competitors, CVS Health combines retail pharmacy services with clinical care and pharmacy benefits management, making it a significant player in the healthcare sector with a goal of supporting individuals on their journey to better health.

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Woonsocket, Rhode Island

Founded

1963

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion of at-home health testing kits presents a significant growth opportunity for CVS.
  • Maintaining free cash-back services could differentiate CVS from other retailers.
  • Growing market for accessible hearing solutions offers CVS a chance to expand product offerings.

What critics are saying

  • At-home health tests may reduce in-store visits, impacting CVS's foot traffic.
  • Fees for cash-back transactions could lead to customer dissatisfaction if adopted by CVS.
  • Increased competition in OTC hearing aids may challenge CVS's market share.

What makes CVS Pharmacy unique

  • CVS offers a comprehensive range of health services and products under one roof.
  • The company has a strong pharmacy benefits management with over 75 million plan members.
  • CVS's extensive retail network includes 9,600 pharmacies and 1,100 walk-in clinics.

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