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RCM Specialist: Appeals & Refunds - job 1 of 2

Tempus is focused on advancing precision medicine through technology. They are seeking a Revenue Cycle Management Specialist with a strong focus on denials, appeals, and refunds management to optimize revenue cycle operations.

Skills

  • Healthcare reimbursement knowledge
  • Data analysis proficiency
  • Detail-oriented
  • Excellent communication
  • Project management

Responsibilities

  • Monitor worklists for denials, refunds, and appeals.
  • Ensure timely submission and follow-up of appeals.
  • Monitor trends in denials, refunds, and appeals.
  • Identify and catalog payer policies affecting denials and refunds.
  • Assist with creating appeal letters and documentation.
  • Conduct research and present suggestions for RCM improvements.
  • Review and manage write-off worklists.

Education

  • Bachelor's degree in healthcare administration, business, or related field

Benefits

  • Flexible work model
  • Career advancement opportunities
  • Healthcare benefits
  • Paid time off
To read the complete job description, please click on the ‘Apply’ button
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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About RCM Specialist: Appeals & Refunds, Tempus

Are you looking to make a significant impact in the healthcare industry? As an RCM Specialist: Appeals & Refunds at Tempus, located in the vibrant city of Chicago, IL, you will be at the forefront of revenue cycle operations, contributing to the advancement of precision medicine. With a keen focus on managing denials, appeals, and refunds, your role will involve intricate analysis and problem-solving to optimize our processes. You will get the chance to collaborate closely with various teams including Sales, Finance, and Product, ensuring that critical insights are delivered to healthcare providers. In this position, you will monitor worklists for denials and refunds, submit appeals timely, and analyze trends that impact our business. Your expertise will assist in crafting compelling appeal letters and identifying payer policies that influence our operations. Bringing your 2+ years of experience in healthcare revenue cycle management and a background in healthcare administration will be essential in elevating our initiatives. You will be joining a mission-driven team that is dedicated to improving healthcare outcomes through innovative technology and data-driven decisions. If you have a detail-oriented mindset, excellent communication skills, and are eager to tackle new challenges, we would love to consider you for this vital role at Tempus!

Frequently Asked Questions (FAQs) for RCM Specialist: Appeals & Refunds Role at Tempus
What are the main responsibilities of an RCM Specialist: Appeals & Refunds at Tempus?

The RCM Specialist: Appeals & Refunds at Tempus is responsible for managing denials, appeals, and refunds. This includes monitoring worklists in the billing system, ensuring timely submission and follow-up of appeals, and analyzing trends related to denials and refunds using various reporting tools. Additionally, the specialist will work cross-functionally with teams like Managed Care and Operations to enhance overall reimbursement strategy.

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What qualifications do I need for the RCM Specialist: Appeals & Refunds position at Tempus?

To be considered for the RCM Specialist: Appeals & Refunds role at Tempus, applicants should ideally possess a Bachelor's degree in healthcare administration or a related field, along with at least 2 years of relevant experience in healthcare operations, particularly in revenue cycle management or denials and appeals. Familiarity with payer policies and data analysis tools is also advantageous.

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How does Tempus approach ongoing training for RCM Specialists?

Tempus is committed to the continuous professional development of its RCM Specialists. In the Appeals & Refunds role, employees will have opportunities for training on healthcare regulations, payer policies, and revenue cycle best practices. Engaging in cross-departmental collaboration also encourages knowledge sharing and skill enhancement.

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What skills are essential for succeeding as an RCM Specialist at Tempus?

Successful RCM Specialists at Tempus possess strong analytical abilities, attention to detail, and excellent communication skills. The role also requires adeptness at managing multiple projects and deadlines, along with a proactive attitude toward problem-solving and continuous improvement in revenue cycle operations.

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Can you describe the work environment for the RCM Specialist: Appeals & Refunds role at Tempus?

The work environment at Tempus is collaborative and dynamic, reflecting a strong commitment to innovation in the healthcare sector. As an RCM Specialist: Appeals & Refunds, you'll be part of a diverse team working towards common goals, with flexibility in tasks, opportunities for remote work, and an emphasis on adapting to the evolving needs of the business.

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Common Interview Questions for RCM Specialist: Appeals & Refunds
What experience do you have with managing denials and appeals in a healthcare setting?

Be prepared to discuss your specific experiences where you managed denials and appeals, including the processes you followed, tools you used, and any improvements you implemented. Highlighting your analytical skills and attention to detail will be key here.

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How do you prioritize tasks when managing multiple projects as an RCM Specialist?

When discussing task prioritization, consider outlining your strategy for assessing project deadlines, urgency, and business impact. Discuss any tools or methods you've used to stay organized and ensure timely completion of all tasks.

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Can you explain a time when you improved appeal success rates?

Share a specific example that showcases your analytical approach to identifying trends or issues in appeals, the solutions you implemented, and the measurable results. This demonstrates your problem-solving ability and understanding of revenue cycle management.

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What tools do you use for data analysis in revenue cycle management?

Highlight your proficiency in tools like Microsoft Excel or any healthcare-specific software for reporting. Provide examples of how you've used these tools to analyze data effectively and inform your decisions in managing denials and appeals.

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Describe your approach to collaborating with other departments at Tempus.

Collaboration is key in the RCM role; discuss how you build relationships with other departments. Provide specific examples of successful collaborations and how they enhanced operational efficiency and revenue cycle outcomes.

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How do you keep current with changes in healthcare reimbursement policies?

Outline the methods you use to stay informed, such as subscribing to industry newsletters, participating in workshops, or joining professional organizations. Demonstrating your commitment to ongoing education reflects your passion for the field.

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What challenges have you faced while working in revenue cycle management, and how did you overcome them?

Discuss specific challenges encountered, such as regulatory changes or complex denial situations. Explain the steps you took to find solutions, showcasing your adaptability and critical thinking skills in navigating obstacles.

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How would you handle a difficult situation with a payer regarding a denied claim?

Describe your conflict-resolution skills, emphasizing how you'd approach the matter diplomatically while using facts to support your appeal. Highlight your ability to maintain professionalism even under pressure.

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What does success look like for you in the RCM Specialist role at Tempus?

Discuss metrics that matter to you, such as improved appeal response time or lower denial rates. Reflect on the importance of achieving both team and organizational goals aligned with Tempus' mission.

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Why do you want to work as an RCM Specialist at Tempus?

Share your enthusiasm for Tempus’ mission and how your values align with the company. Highlight how your skills and experiences make you a perfect fit, expressing your passion for making a difference in healthcare.

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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
SALARY RANGE
$60,000/yr - $80,000/yr
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
December 11, 2024

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