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Account Receivable Analyst

The general responsibilities of a medical billing AR Analyst or Accounts Receivable Analyst are simple and straightforward. An AR Analyst is responsible for the billing for goods and services, receiving the payments from a client and or insurance company and the processing of the payments to the proper accounts as well as credit and collections if necessary.

In medical billing, at the end of the month bills are run for services provided by the doctors. For AR Analysts this process is more time consuming than general AR Analysts due to the fact that medical claims need to be submitted to the appropriate insurance companies and waiting for payment or service to be approved and paid. After this process, there may be an additional amount that will need to be paid directly by the patient or client and that amount has to be billed separately. These fees are usually co-payments or non-covered services.

The billing is generated in batches usually either by DOS (date of service) or perhaps by AP (attending physician). There are many codes to know as a AR Analyst especially where medical billing is concerned. A typical bill for medical services might include lab services, a general practitioner visit, or a physical exam with each department or service having its own codes for the services provided.

Once the bills are mailed or submitted the AR Analyst must wait for payments to arrive usually within a specified number of days. When payments arrive the accounts receivable is sent to the AR analyst and they then “post” or enter it to the designated accounts. One AR payment may have to be applied to many different sub accounts. However the duties of an AR Analyst do not end there. Most accounts receivable analysts are also responsible for the collections of unpaid bills. If a client or insurance provider does not pay a bill it then becomes the responsibility of the AR Analyst to attempt to collect the outstanding charges.

Some of the other duties that an AR Analyst may have to undertake include but are not limited to the monitoring of multiple accounts, being in compliance with insurance company rules and regulations as they pertain to payouts on claims, as well as monthly review of AR reports. Accounts Receivable Analysts primary job duties are focused on the collections of monies owed and reduction in the amount of outstanding medical accounts receivable.