Medical Collections Specialist Salary in Arkansas - State Average

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Average Salary for Medical Collections Specialist in Arkansas - State Average

The average salary of a(n) Medical Collections Specialist in Arkansas - State Average is $30,154.

The average hourly rate of a(n) Medical Collections Specialist in Arkansas - State Average is $14.50.

The average bonus of a(n) Medical Collections Specialist in Arkansas - State Average is $470.00.

Job Description:

Performs follow-up and collection of patient accounts, including telephone calls, meetings, and online inquiries with insurance companies, Medicare, Medicaid, patients, charity organizations, and other payors. Reviews and resolves medical claims. Analyzes accounts and reconciles balances. Interacts with both insurance companies and patients in explaining charges and collections. Performs initial billing to insurance agencies, validating eligibility requirements. Ensures that appropriate billing data and contractual data are received on accounts to guarantee maximum reimbursement is received in a timely manner. Follows up on the daily collection activities on assigned self pay accounts as well as outstanding insurance claims submitted to carriers, including phone contact to insurance and patient for collection, verifying payment, contractual adjustment, refund, expected reimbursement, credit, appealing claims, and additional functions to bring the account to closure. Researches denied claims through the use of explanation of benefits received from insurance carriers. Corrects errors for resubmission. Communicates with patients about their balances and sets up payment arrangements. Less

Performs follow-up and collection of patient accounts, including telephone calls, meetings, and online inquiries with insurance companies, Medicare, Medicaid, patients, charity organizations, and other payors. Reviews and resolves medical claims. Analyzes accounts and reconciles balances. Interacts with both insurance companies... More

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