Finance Executive

2 weeks ago

Bangalore North Rural Karnataka, India Teleradiology Solutions Full time ₹ 9,00,000 - ₹ 12,00,000 per year

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:

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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:
Job Location:
Bangalore ,Work From Office

  • 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.

Interested can apply to

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