Michael Vecchio
Toms River
Summary
Resourceful Administrative professional with 20+ years of experience supporting work of high-achieving Medical billing administration. Track record supporting professional needs with well-organized precision. Sophisticated and graceful in managing high-volume workloads in rapidly changing environments. Interested in managing directors position within a company where my skills and expertise will thrive.
Overview
25
25
years of professional experience
Work History
Billing Administrator
SURGICARE OF WESTSIDE, LLC
11.2020 - Current
- Handled all aspects of Billing and Collections for the Surgery Center.
- Worked effectively with medical payers such as Medicare, Medicaid, commercial insurances, Workers Compensation and No-Fault/PIP carriers to obtain timely and accurate payments.
- Managed efficient cash flow reporting, posted cash receipts and analyzed chargebacks, independently addressing and resolving issues.
- Handles all negotiations with insurance carriers and 3rd party review companies and attorneys for prompt settlements.
- Produced all Month End Reports, to evaluate billing, procedures and collections to the C.O.O.
- Managed costs and billing and resolved financial discrepancies effectively through organizational management of account information using SIS COMPLETE software.
- Optimized organizational systems for payment collections, AP/AR, deposits and recordkeeping.
- Delegated tasks to administrative support staff to organize and improve office efficiency.
- Provided backup to front desk to step in to assist with various tasks whenever employee was absent or at lunch.
- Resolved issues through active listening and open-ended questioning, escalating major problems to manager.
- Conducted ongoing reviews of program financial systems to assess cost control measures.
- Streamlined billing processes for improved efficiency and reduced errors, implementing new software solutions. 2023 Collected 8 million dollars, and increase of Six million dollars from 2022.
- Ensured timely payments by closely monitoring account balances and following up on overdue invoices.
- Increased billing accuracy by diligently reviewing and reconciling invoices and payment records.
Managing Director
40TH STREET MEDICAL,PC
03.2009 - 10.2020
- Initiated new billing and collection policies
- Managed and partnered successfully with all departments, ADP payroll services, Insurance brokers, patients, insurance carriers, to produce and achieve goals
- Strong cross-functional initiative to achieve Practice and Company objectives and goals
- Strengthened company's business by leading implementation of policies and obtaining and maintaining goals
- Trained, coached and mentor staff to ensure smooth adoption of new program. Worked directly with all departments, medical practitioners, Medical director clients, and management to achieve results
- Implemented innovative programs to increase employee loyalty and reduce turnover
- Created new revenue streams through negotiations with insurance carriers and obtaining new procedure codes that are payable
- Exceeded company objectives with meeting revenue goals
- Oversee all aspects of Human resources, Hired and trained staff
- Increased profits in one year through restructure through Medical billing department
- Upgrade computer systems for proper billing procedures
- Screened and assisted over 30 insurance calls per day
- Managed daily operations of two practices, organization, orchestrating forward-thinking strategies to accomplish profit and expansion goals.
- Produced month End reports for both practices to evaluate billing, procedure and collection performance, adjust strategies and maintain agile, sustainable operations.
- Manage resources effiently to achieve the company's objectves.
- Look over accounts and bookeeping.
Billing and Collection Manager
Spine and Sports/40th Street Medical, PC
02.1999 - 03.2009
- Conducted training and change management processes to improve operations
- Developed standard operating procedures and document for current and future process steps
- Followed up with processing claims and insurance receivables
- Identified and resolved process issues to encourage smoother procedures, more efficient workflow and overall business growth
- Comprehensive management of high volume multi specialty practice
- Devoted special emphasis to punctuality and worked to maintain outstanding attendance record, consistently arriving to work ready to start immediately
- Scheduled support staff to guarantee complete coverage for every shift
- Administration of policies and procedures
- Managed over 20 employees
- Managed over 30 insurances calls daily
Education
Bachelor of Science - Criminal Justice/ Politics
Mercy College
Dobbs Ferry, NY1990
Skills
- Resource management expertise
- Budgeting proficiency
- Knowledge of Insurance statutes and regulations
- Skilled in MS Office
- Managing medical practice
- Managing recruitment
- Data collection and analysis
- Accounting processes
- Financial management
- Business Administration
Timeline
Billing Administrator
SURGICARE OF WESTSIDE, LLC
11.2020 - Current
Managing Director
40TH STREET MEDICAL,PC
03.2009 - 10.2020
Billing and Collection Manager
Spine and Sports/40th Street Medical, PC
02.1999 - 03.2009
Bachelor of Science - Criminal Justice/ Politics
Mercy College