Variance Underpayment Analyst

Summary

Revecore helps hospitals recover revenue so they can continue serving patients and communities. The Variance Underpayment Analyst examines hospital claims to verify accurate reimbursement, investigates discrepancies, communicates with insurance companies, and supports resolution and reimbursement optimization while following regulatory and organizational requirements.

Responsibilities

• Utilize company best practices along with technology enabled worklist and other internal tools to identify discrepancies between expected reimbursement and actual reimbursement amounts from insurance carriers
• Investigate reasons for discrepancies, such as payment variances, coding errors, billing discrepancies, or incorrect application of payer policies
• Contact insurance companies to obtain missing information, explain and resolve underpayments and arrange for payment or adjustment processing on behalf of client
• Prepare and submit correspondence such as letters, emails, faxes, online inquiries, appeals, adjustments, reports and payment posting
• Maintain thorough documentation, including root cause of underpayment issues, trends, outcomes, and lessons learned to support ongoing improvement efforts and knowledge sharing within the organization
• Actively participate in discussions, meetings, and brainstorming sessions where team members contribute insights and suggestions for improving processes
• Demonstrate a commitment to upholding ethical standards and compliance with relevant regulations and guidelines in all reimbursement optimization activities
• Other duties as assigned

Skills

• Strong analytical skills, attention to detail, and problem-solving skills are essential in this role
• High school diploma or equivalent required
• Investigative and problem-solving skills to identify underpayments and discrepancies
• Knowledge of healthcare billing, coding, and reimbursement methodologies
• Strong analytical abilities to dissect complex guidelines and understand their implications on claims reimbursement
• Ability to navigate and interpret various payer policies, including Medicare, Medicaid, and Commercial insurance guidelines
• Detail-oriented approach to ensure accuracy in applying guidelines and documenting findings for audit and compliance purposes
• Effective communication skills to collaborate with internal teams, payers, and external stakeholders
• Experience with healthcare billing software and databases (EPIC, Cerner, Meditech)
• Familiarity with legal and regulatory frameworks governing healthcare reimbursement, such as HIPAA, CMS regulations, and state-specific requirements
• Moderate computer proficiency including MS Excel, Word, and Outlook
• Possess technical proficiency to work on multiple computer screens and software applications simultaneously
• Previous experience working in a remote environment
• Must reside in the United States within one of the states listed below: Alabama, Arkansas, Connecticut, Florida, Georgia, Iowa, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota (CST Time Zone), Tennessee, Texas (CST Time Zone), Vermont, Virginia, Wisconsin, and West Virginia

Qualifications

Must Haves

• Strong analytical skills, attention to detail, and problem-solving skills are essential in this role
• High school diploma or equivalent required
• Investigative and problem-solving skills to identify underpayments and discrepancies
• Knowledge of healthcare billing, coding, and reimbursement methodologies
• Strong analytical abilities to dissect complex guidelines and understand their implications on claims reimbursement
• Ability to navigate and interpret various payer policies, including Medicare, Medicaid, and Commercial insurance guidelines
• Detail-oriented approach to ensure accuracy in applying guidelines and documenting findings for audit and compliance purposes
• Effective communication skills to collaborate with internal teams, payers, and external stakeholders
• Experience with healthcare billing software and databases (EPIC, Cerner, Meditech)
• Familiarity with legal and regulatory frameworks governing healthcare reimbursement, such as HIPAA, CMS regulations, and state-specific requirements
• Moderate computer proficiency including MS Excel, Word, and Outlook
• Possess technical proficiency to work on multiple computer screens and software applications simultaneously
• Previous experience working in a remote environment
• Must reside in the United States within one of the states listed below: Alabama, Arkansas, Connecticut, Florida, Georgia, Iowa, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota (CST Time Zone), Tennessee, Texas (CST Time Zone), Vermont, Virginia, Wisconsin, and West Virginia

Benefits

• Comprehensive training begins on your first day and lasts 90 business days, led by instructors and incorporating interactive discussions and hands-on activities.
• Remote work arrangement