Audit Officer

JOB DESCRIPTION:

The Audit Officer is pivotal in supervising and coordinating audit activities within a company. This role involves supporting the comprehensive management of the organization's internal audit. However, for an Audit Officer in a medical billing firm, the responsibilities vary. Such officers handle a diverse range of tasks concurrently, including data auditing, data management, reporting, file assignment, target setting, updating CRMs, and overseeing billing automation, among others.

KEY POINT INDICATORS (KPIs):

1. Audit:

• Oversee and manage internal audits to ensure compliance with company standards and policies.
• Review and evaluate the efficiency and effectiveness of operations.
• Identify areas of risk and recommend risk mitigation strategies.
• Collaborate with different departments to implement audit recommendations.

1. Data Management:

• Responsible for the acquisition, validation, storage, protection, and processing of data to ensure data accessibility, reliability, and relevance.
• Implement data governance and quality frameworks.
• Collaborate with IT to ensure secure data storage and backup systems.

1. Reporting:

• Generate reports for management detailing business metrics, performance, and operational updates.
• Ensure timely and accurate reporting to external stakeholders as required.

1. File Assignment:

• Review and allocate files to appropriate teams or individuals based on team assignment.
• Handle escalations and issues related to file assignments.
• Provide support to teams when needed.

1. Target Allotment:

• Allocate monthly targets to teams or individuals based on company objectives and past performance.
• Monitor target achievement progress and provide support as needed.
• Evaluate performance against targets and provide feedback.

1. Power BI Data Sheets Updating:

• Regularly update Power BI data sheets with recent audit findings, data, and analysis.
• Collaborate with the IT department to ensure data integrity and accuracy.

1. Fax-rebilling:

• Oversee the fax-rebilling process to ensure timely and accurate billing for fax services.
• Address any discrepancies or issues related to fax rebilling.
• Collaborate with IT and other departments to streamline the fax-rebilling process.

1. Medical Billing (Automation):

• Implement and manage automation solutions for medical billing processes to enhance efficiency and reduce manual errors.
• Coordinate billing and IT team to ensure timely and accurate billing.
• Stay updated with changes in medical billing codes and regulations.

MONTHLY TARGETS: The team audit does not have any monthly target.