Payment Cycle Analyst II
Caresource
Job Summary:
The Payment Cycle Analyst II is responsible for providing analytical support and leadership for key Claims-related projects and initiatives.
Essential Functions:
- Define clinical and payment policy requirements to support configuration of clinical editing system
- Conduct and research potential new reimbursement policy claim edits, including sourcing support, data analysis, consistency with Market regulatory requirements, and network impact.
- Research claim results to determine potential errors/discrepancies attributed to clinical edits, claims coding, payment policies, and application of fee schedule and rates
- Conduct both systemic and targeted analysis to identify reimbursement errors and determine root cause
- Ensure that all clinical and payment policy analysis and documentation is prepared, reviewed, and approved prior to implementation.
- Provide input to UAT and conduct post production validation of implementation results
- Create effective written and oral communication materials that summarize findings and support fact based recommendations that can be shared with providers, provider associations, and Health Partner Managers
- Document the status of open issues, configuration design, and final resolution
- Review and interpret regulatory items, timely delivery of required updates
- Provide support of system change policy initiatives, provide updates in payment policy meetings, and present to stakeholders
- Monitor configuration and Claim SOPs to ensure accuracy of claim payments
- Assist in the development of policies and procedures for claims processing, COB, appeals and adjustment functions
- Ensure payment policies and decisions are documented and collaborate with the Health Partner team to ensure information is included in provider education activities
- Perform any other job duties as requested
Education and Experience:
- Bachelor’s degree or equivalent years of relevant work experience is required
- Minimum of three (3) years of health plan experience is required or equivalent experience with provider coding and claim payment policies
- Experience working with clinical editing software is preferred
Competencies, Knowledge and Skills:
- Advanced proficiency level experience in Microsoft Suite to include Word, Excel, Access and Visio
- Strong computer skills and abilities in Facets
- Demonstrated understanding of claims operations, configuration, and clinical editing specifically related to managed care
- Understanding of CPT, HCPCs and ICD-CM Codes, including strong working knowledge of Codes sets ICD-9/ICD-10, CPT, HCPC, REV, DRG and Rug
- Knowledge of HIPAA Transaction Codes
- Effective listening and critical thinking skills
- Effective problem solving skills with attention to detail
- Data analysis and trending skills
- Excellent written and verbal communication skills
- Ability to work independently and within a team environment
- Strong interpersonal skills and high level of professionalism
- Ability to develop, prioritize and accomplish goals
- Understanding of the healthcare field and knowledge of Medicaid and Medicare
- Customer service oriented with strong presentation skills
- Strong working knowledge of claims processing edits and logic
- Familiar with CMS guidelines / HIPPA and Affordable Care Act
- Familiarity with reporting packages and running system reports
Licensure and Certification:
- Certified Medical Coder preferred
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time
- Occasional travel (up to 10%) to attend meetings, training, and conferences may be required
Compensation Range:
$61,500.00 - $98,400.00CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.
Compensation Type (hourly/salary):
SalaryOrganization Level Competencies
Create an Inclusive Environment
Cultivate Partnerships
Develop Self and Others
Drive Execution
Influence Others
Pursue Personal Excellence
Understand the Business