Finance Executive Job in Bangalore at Telradsol

Telradsol is hiring for the role of Finance Executive!

Responsibilities of the Candidate:

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Requirements:

• 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.
• 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.