Financial Counselor
About The Position
The Financial Counselor provides guidance to patients in all aspects of their financial responsibilities that result from acceptance of the facility's services. Counselor assesses patients' financial ability, determines ability to pay, advises patients on insurance benefits, explains financial liability, collects payment, negotiates payment arrangements, secures financing, identifies funding sources and resolves any confusion the patient may have about their financial obligations to the facility. Counselor is responsible for the accurate and timely verification of insurance benefits, to include: contacting patients and/or guardians to obtain additional insurance information, researching and maintaining an ongoing collective knowledge of HMO,PPO, Medicaid, Medicare, and commercial insurance reimbursement rates and criteria, evaluating plans to calculate and estimate of the patient's out of pocket charges, collecting any co-pays, co-insurance, deductibles, etc. and exploring patient's financial circumstances to ensure fair and reasonable repayment terms.
Requirements
- High school diploma or equivalent preferred.
- May be required to work flexible hours and overtime.
Nice To Haves
- Previous experience in healthcare collections or a related field, or any combination of education, training, or experience in health care business office setting preferred.
Responsibilities
- Provides guidance to patients in all aspects of their financial responsibilities
- Assesses patients' financial ability
- Determines ability to pay
- Advises patients on insurance benefits
- Explains financial liability
- Collects payment
- Negotiates payment arrangements
- Secures financing
- Identifies funding sources
- Resolves any confusion the patient may have about their financial obligations to the facility
- Accurate and timely verification of insurance benefits
- Contacting patients and/or guardians to obtain additional insurance information
- Researching and maintaining an ongoing collective knowledge of HMO,PPO, Medicaid, Medicare, and commercial insurance reimbursement rates and criteria
- Evaluating plans to calculate and estimate of the patient's out of pocket charges
- Collecting any co-pays, co-insurance, deductibles, etc.
- Exploring patient's financial circumstances to ensure fair and reasonable repayment terms.
Benefits
- Comprehensive medical, dental, and vision plans, plus flexible-spending and health- savings accounts
- Competitive paid time off
- Income-protection programs, such as life, accident, critical-injury insurance, short- and long-term disability, and identity theft coverage
- Tuition reimbursement, loan assistance, and 401(k) matching
- Employee assistance program including mental, physical, and financial wellness
- Professional development and growth opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
