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Job Requirements of Claims Analyst I:
-
Employment Type:
Contractor
-
Location:
Parsippany-Troy Hills, NJ (Onsite)
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Claims Analyst I
Careers Integrated Resources Inc
Parsippany-Troy Hills, NJ (Onsite)
Contractor
Job Title: Claims Analyst I
Job Location: Parsippany, NJ ( Remote)
Job Duration: 2-3 Months (Possibilities of Extension)
Pay: $65.00 - $70.00/ hr on w2
Shift: Remote: Monday - Friday, 8:00am - 5:00pm; Hybrid workers have Tuesday and Wednesday onsite and Monday, Thursday and Friday from home.
Job Summary:
1. Analysis
Job Location: Parsippany, NJ ( Remote)
Job Duration: 2-3 Months (Possibilities of Extension)
Pay: $65.00 - $70.00/ hr on w2
Shift: Remote: Monday - Friday, 8:00am - 5:00pm; Hybrid workers have Tuesday and Wednesday onsite and Monday, Thursday and Friday from home.
Job Summary:
- The Medicaid Claims Analyst is responsible for Medicaid Drug Rebate process which includes validating, verifying, disputing when necessary, and remitting payment for assigned state Medicaid agencies, SPAPs and Supplemental Rebates.
- Analyst is accountable for submitting payments within deadlines and in compliance with CMS guidelines and Client rebate contract terms.
- This position also provides assistance in resolving dispute resolution, weekly pay run activities, SOX audits, system upgrade/implementation and ad hoc analysis.
- Work with assigned states to get Medicaid Summary invoice, summary data file and Claim Level Invoice each quarter and review to ensure completeness of information received.
- Upload data into Medicaid systems and authorize transactions.
- Document errors and perform research.
- Conduct initial quality check on summary data on all claim submissions to ensure rebate eligibility and data consistency.
- Perform Claim Level Detail validation.
- Review suspect claim records and determines if record should be disputed for payment.
- Resolve disputes and propose recommended amounts to be paid for historical outstanding utilization that is routinely submitted with Medicaid claims.
- Must have ability to work independently and make recommendation on state disputes, apply proper amounts to be paid & ensure CMS codes are applied correctly; notify states of results/findings.
- Complete Medicaid analyzes and documentation on assigned states/programs.
- Communicate to manager for key findings and changes to state programs.
- Provide backup for Medicaid team members in any necessary functions and work with team to establish best practices within Client Medicaid work environment.
- Work with assigned states to get Medicaid Summary invoice, summary data file and Claim Level Invoice each quarter and review to ensure completeness of information received.
- Upload data into Model N / Medicaid systems and authorize transactions.
- Document errors and perform research.
- Conduct initial quality check on summary data on all claim submissions to ensure rebate eligibility and data consistency.
- Perform Claim Level Detail validation.
- Review suspect claim records and determines if record should be disputed for payment.
- Resolve disputes and propose recommended amounts to be paid for historical outstanding utilization that is routinely submitted with Medicaid claims.
- Must have ability to work independently and make recommendation on state disputes, apply proper amounts to be paid & ensure CMS codes are applied correctly; notify states of results/findings.
- Complete Medicaid analyzes and documentation on assigned states/programs.
- Communicate to manager for key findings and changes to state programs.
- Bachelor’s degree/ High school Diploma or equivalent combination of experience, training and/or direct work related experience.
- Prior Medicaid Claim processing experience with a Pharmaceutical and/or med Device company , state and/or state agency or as Medicaid consultant or equivalent work experience.
- Minimum 2+ years pharmaceutical/product focused healthcare experience.
- Medicaid Claim processing function; manipulation of large datasets, negotiation/conflict resolution.
- System Implementation and report writing.
- Knowledge of the Model N or Revitas/Flex Medicaid and/or Flex Validata system (or other comparable system) and advance Microsoft Excel skills.
- Familiar with CMS Medicaid rules and state specific issues.
- Up to date knowledge on Medicaid Validation rules and issues with 340B covered entities.
- Strong ability to organize and manipulate large volume of data in various formats.
- Attention to detail and high degree of accuracy in data processing and reviews.
1. Analysis
- Uses good analytical and data interpretation skills to analyze and resolve complex problems
- Analyzes processes and systems to improve efficiency and effectiveness through standardization, simplification and automation.
- Developing Self and Others.
- Coaches and counsels associates to improve performance toward individual and department goals.
- Continuously expands technical and personal skills and business knowledge.
- Develops and fosters strong relationships with internal and external clients.
- Builds reputation for being credible, trustworthy, and fair.
- Displays high level of integrity by doing what is right for the company.
- Demonstrates administrative value to shared service customers.
- Planning and Organization.
- Committed to meeting deadlines.
- Demonstrates sense of urgency by effectively prioritizing workload according to organizational needs.
- Demonstrates the ability to manage multiple priorities.
- Possesses solid accounting skills particularly around accuracy and internal controls.
- Demonstrates advanced data management and Excel skills.
- Understands fundamental mechanics of rebate systems.
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