Definition of an Account Resolution Expert:
An Account Resolution expert is responsible for effectively managing Accounts Receivable through the proper evaluation of the debtor risk and the timely resolution of purchased accounts.
Responsibilities of an Account Resolution Expert:
There are some mentioned responsibilities of an account resolution expert resumes representing typical tasks they are likely to perform in their jobs.
- Give clients with Health Insurance Portability & Accountability Act (HIPAA) forms and rules and regulations.
- Modification and correction of diagnosis codes, Current Procedural Terminology codes, and modifiers.
- Follow all Fair Debt Collection Practices Act (FDCPA) laws and regulations, as well as company programs and procedures.
- Advise customers or debtors of necessary actions and strategies for debt repayment while using FDCPA and other government regulations.
- Adhere to HIPAA regulations while analyzing, scanning, printing, and uploading vital information from various mediums.
- Manage accounts for the customers, review detailed information for payment resolution while abiding by HIPPA privacy and security regulations.
- Maintain HIPAA certificates and mandates.
- Ensure office practices comply with HIPAA regulations.
- Verify payment information with Company as necessary.
- Submit all medical claims electronically to the applicable carrier with supporting documentation.
- Give an advanced level of communication to policyholders through payment collection, as well as alternatives for retaining policy coverage.
- Facilitate inter-departmental communication to effectively give client support.
- Handle all phases of manufacturing accounts receivable deals using multiple account software.
- Handle billing and pricing issues on company claims.
- Facilitate inter-departmental communication to effectively give client support.
Education and Training:
While applying for any job, it is essential to check what kind of academic qualifications you require to get into the field. It is a very crucial step to perform. However, this step must be completed before getting into a college or university. If you have been interested in a specific career from your childhood, you should choose your subjects wisely according to the relevant career requirement. This would help you get your desired job quickly.
Moreover, you can check the educational requirement list to see if your qualifications match the standard criteria.
- A 4-year college degree is preferred
- Prior call center experience is preferred
- Proficiency with Microsoft applications e.g. Outlook, Word, Excel.
Skills:
Skill can be thought of as the basic practical experience that anyone has to apply the knowledge learned via different mediums. Skills are as much important as education. You can also have skills without educational qualifications but those skills sometimes do not account. You have to have the basic and fundamental concepts of the subjects you are going to apply practically. Moreover, the combination of accurate skills and educational qualifications can lead to a better position within the industry.
So, let us check out the basic skill requirements for an account resolution expert job:
- Strong organizational & interpersonal skills.
- Strong analytical & problem-solving skills.
- Capability to communicate clearly and effectively in written and verbal form.
- Excellent phone skills with the capability to listen to others.
- Capability to build and maintain business relationships.
- Capability to handle multiple tasks effectively.
- Self-starter and capability to work with minimal supervision.
- Capability to apply sound judgment when dealing with account issues and requests.
- Flexibility & willingness to embrace change.
- Capability to meet goals and objectives.
- Capability to work in groups to achieve positive results.
Salary:
The national average payment of an account resolution expert is $38,000 per year in the United State. So; they can earn $2,000 per month. The payment ranges can vary widely depending on so many important factors, including education, certifications, additional skills, and the number of years you have spent in your profession.
Employment:
So, finally, we are here with the conclusion of the whole discussion. We have overlooked the definition of an account resolution expert. Moreover, we also discussed what roles are there in the market that need to be performed. After a detailed discussion on the topic, we mentioned the educational requirements and skill set requirements. Then, Lastly, we checked out what the salary expectations can be in this field. But, now to answer the final query in your mind.
Yes, we know you are wondering where I can apply for this designation. Don’t worry. We have you covered with this as well. You do one of the two things. Firstly, you can search for opportunities online. You can do this by checking out some of the efficient Job searching platforms. Secondly, you can visit our website’s main page. Then you can search for any desired designation to get the most feasible open positions.
