Commercial Collection Specialist

Silver Lake Hospital of Newark, NJ is seeking to hire a full-time Commercial Collection Specia list to manage the collections process for Commercial / Managed Care insurance accounts within a Long-Term Acute Care Hospital (LTACH) setting

ABOUT SILVER LAKE HOSPITAL-

Silver Lake Hospital is a long-term acute care hospital with a reputation of providing patients with a place to heal before heading home. A long-term acute care hospital (LTACH) is an acute care specialty hospital that provides highly advanced and focused care for higher acuity patients who have not responded to short-term treatment in traditional general hospitals. The average length of stay in an LTACH is 25 days as compared to a 3-5 day average stay in a general hospital. Our safe and state of the art hospital is designed to admit and care for the most critically ill patients.

POSITION SUMMARY

The Commercial Collection Specialist's role requires a solid understanding of Diagnosis-Related Group (DRG) payment methodologies, reimbursement structures, and payer-specific billing requirements. The specialist will work under the director of the Director of Revenue Cycle to ensure accurate claims submission, timely follow-up, appeals, and resolution of outstanding balances, while maintaining compliance with federal, state, and facility regulations.

QUALIFICATIONS

• Highschool diploma or equivalent required. Associate degree in healthcare administration, business, accounting, or related field preferred.
• At least three (3) years of hospital billing and / or collections experience, preferably in an LTACH or acute care hospital.
• Proficient in DRG reimbursement and LTACH billing methodologies, including case-mix adjustments, outlier thresholds.
• Knowledge of Waystar (Clearing House) and WellSky financial software.
• Must have excellent analytical and problem-solving skills.
• Superior communication skills with all levels of hospital staff, physicians, and patient sources.
• Ability to work independently and follow through on tasks without direct supervision.
• Proficient in comp uter systems, Microsoft Office, and Adobe Acrobat.

Full time employees are offered generous benefits including medical, dental, vision, a 401(k) plan, supplemental insurance, free life-long term disability insurance. Additional benefits include free parking in a safe and secure garage, paid time off (PTO), and a comprehensive wellness program.

ARE YOU READY TO JOIN OUR TEAM?

If you feel that you would be right for this position complete our initial 3-minute, mobile-friendly application . After this step, you will receive an invite to complete your full application. Thank you.

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