Overview:
Velocity Clinical Research is an owned and integrated research site organization, providing excellence in patient care, high quality data and fully integrated research sites.
At Velocity, we align our values and behaviors to give our employees the best chance of delivering on our brand promise: to bring innovative medical treatments to patients.
We are committed to making clinical trials succeed by generating high quality data from as many patients as possible, as quickly as possible while providing exemplary patient care at every step.
As an employee of Velocity, you are the most integral part of our mission.
For talented candidates who perform at a high level, Velocity will invest to support career advancement and reward performance.
Whether you are new to clinical research or are an industry veteran, we invite you to apply to Velocity.
Benefits include medical, dental and vision insurance, paid time off and company holidays, 401(k) retirement plan with company-match, and an annual incentive program.
Job Summary:
The Collections Specialist is responsible for a variety of collections and accounts receivable (AR) activities as well as for ensuring AR aging is at or below the current standards.
The Collections Specialist also provides administrative support for the AR function and Accounting Department as needed.
Responsibilities:
Duties/Responsibilities:
Maintains A/R at acceptable aging levels by prompt follow-up of unpaid bills.
Responsible for the accurate and timely submission of billing.
Responsible for all aspects of billing follow-up and collections including interfacing with internal and external departments to resolve discrepancies through charge corrections, payment corrections, or other methods.
Responsible for the analysis and necessary corrections of invoices or accounts as it pertains to clean billing submissions.
Research and resolve a variety of issues relating to posting of payments and charges, insurance denials, secondary billing issues, credit balances, sequencing of charges, and non-payment of bills.
Verify claims adjudication utilizing appropriate resources and applications.
Post payments to accounts in a timely and accurate manner.
Reconcile accounts, research and resolve a variety of issues relating to posting of payments and charges, billing issues, sequencing of charges, and non-payment.
Identify issues and/or trends and provide suggestions for resolution to management, including payer, system or escalated account issues.
Process cash applications.
Retrieve bank deposit information from internet.
Ensure timely receipt of payment to limit past due accounts; perform collection calls as necessary
Research and solve payment discrepancies.
Partner cross-functionally to ensure accurate billing.
Assists with the financial closing process.
Assist with the preparation of aging reports.
Maintain adequate and organized files and records.
Ensure escalated issues and problems are brought to the attention of management.
Ensure and maintain compliance with Sarbanes-Oxley (SOX) and other relevant accounting regulations.
Provide additional administrative support as directed.
Ensure and maintain compliance with the company’s quality system requirements through training and adherence to policies, procedures and processes.
Other duties as assigned.
Qualifications:
Education and Experience:
High school diploma required.
Associates or Bachelors degree preferred.
Minimum of three (3) to four (4) years previous experience in AR; additional business or accounting experience a plus.
Physical Requirements:
Ability to sit, stand and walk for extended periods
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