Benefits Analyst (Claims Focused Analyst) at Inovalon Inc

Bowie, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

09 Apr, 26

Salary

75000.0

Posted On

09 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Medical Billing, Claims Processing, Problem Solving, Analytical Skills, Client Communication, Logic Rules, Compliance, Documentation, SOPs, Ticketing Systems, Collaboration, Research, Process Improvement, Healthcare Knowledge, Technical Business Rules, Multi-Tasking

Industry

Software Development

Description

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building. Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve. Overview: The Benefits Analyst will be responsible for providing in-depth analysis and creation of healthcare provider business rules that will modify and edit medical claims. This role requires in-depth knowledge of medical billing and coding of insurance claims from working in the healthcare profession as either a biller or at a software clearinghouse. The Analyst role is a customer facing role via email, ticketing, and occasionally in video meetings. This role requires the ability to review customer requests, ask for any clarifications from the requester and then create, test and publish custom claim edits on behalf of the client within company stated SLAs with a high level of quality. Requests can be customer initiated or medical insurance company mandates or necessary to ensure claims are paid timely. In addition, the Analyst will be responsible for reviewing claims that have failed to process in the system and come up with new edits to solve for outstanding changes that are needed within the system. The Analyst will work as part of a team to ensure that the Inovalon clearinghouse system maintains a high level of first pass claims acceptance rate through continued monitoring and proactive research to the changing needs of insurance claims processing. Duties and Responsibilities: Take ownership of triaging incoming internal and external customer requests for medical claims processing changes needed. Prioritize requests based on operational needs and escalate issues to quick resolution when needed. Implement technical business rules for processing medical claims; including building logic statements based on specific medical insurance claims fields to modify and or change; test with medical claims and implement to live systems. Take a collaborative role with the application support team to triage production problems involving claims processing, perform defect analysis and provide fixes in business logic to be implemented by software teams in a timely fashion, particularly with high priority items. Work collaboratively with other Inovalon departments to ensure fit for purpose solutions are delivered. Liaise with Technology and Engineering teams to resolve application issues and enhancement requests to internal tools used by the team to expand capabilities. Ensure compliance to Company procedures when making changes and implementing new business rules. Ensure ongoing regularly scheduled updates required for compliance are executed timely. Responsible for accessing payer websites and compliance standards research (i.e. UB Editor, payer Companion Guides) Review claim level and file level failures or errors ongoing to find and implement new rules as needed to ensure our first pass claim acceptance rate hits our internal goals. Update documentation, SOPs, and training documentation as needed. Maintain a follow up schedule for unresolved issues. Respond to support requests through phone calls, and emails. Assist operations with process improvement and finding solutions to business problems. Maintain compliance with Inovalon’s policies, procedures and mission statement. Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company. Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function. We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such. Job Requirements: Required: Minimum 2 years’ experience with Medical Billing in a healthcare setting, doctor’s office or hospital; Preferred: Clearinghouse backend operations. Understanding of Medicare NCDs, as well as Medicare/Medicaid MUE and CCI related billing rules Solid understanding of Institutional and Professional claim forms, 5010 X12 files including 837, 835, 277 and 999. Nice to have: experience in application support, SaaS experience preferred, healthcare background preferred Being able to communicate clearly with clients; client focused and sensitive to client needs Experience working with a ticketing system; Preferred: Service Now Direct experience building logic rules for medical claims processing. Excellent problem solving and analytical skills. The ability to multi-task effectively Education: • Bachelor's degree or equivalent work experience required. Physical Demands and Work Environment: • Sedentary work (i.e., sitting for long periods of time); • Exerting up to 10 pounds of force occasionally and/or negligible amount of force; • Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions; • Subject to inside environmental conditions; and • Travel for this position will include less than 5% locally usually for training purposes. Inovalon Offers a Competitive Salary and Benefits Package In addition to the base compensation, this position may be eligible for performance-based incentives. The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity. At Inovalon, it is not typical for an individual to be hired at or near the top end of the range for their role, and compensation decisions are dependent upon the facts and circumstances of each position and candidate. Inovalon invests in associates to help them stay healthy, save for long-term financial goals, and manage the demands of work and personal commitments. That’s why Inovalon offers a valuable benefits package with a wide range of choices to meet associate needs, which may include health insurance, life insurance, company-paid disability, 401k, 18+ days of paid time off, and more. Base Compensation Range $56,000—$75,000 USD This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions) If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles. By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth. Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement. To review the legal requirements, including all labor law posters, please visit this link To review the California Consumer Privacy Statement: Disclosures for California Residents, please visit this link

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Responsibilities

The Benefits Analyst will analyze and create healthcare provider business rules for modifying medical claims. They will also review claims that have failed to process and implement new edits to ensure timely payments.