Financial Counseling Representative, Price Estimates

Posted 108ds ago

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Job Description

Financial Counseling Representative at Sanford Health providing assistance with billing, insurance, and payment arrangements for patients. Educating patients on insurance concepts and financial responsibilities involving medical services.

Responsibilities:

  • Answers billing questions.
  • Reviews patient's insurance coverage and Explanation of Benefits (EOBs).
  • Provides clarification regarding what charges were incurred and why they were incurred.
  • Reviews insurance denials and provides an explanation for the denial to the patient.
  • Reviews payment plan guidelines and assists in setting up payment arrangements.
  • Determines if patient is eligible for payment assistance programs and assists in the application process, if applicable.
  • Educates patients regarding insurance concepts, such as what copayments are, what services are covered, effective dates of coverage, when a referral is needed and the effect on insurance, how to obtain a valid referral and resubmit the claim, and how effective dates of coverage influence insurance payments.
  • May assist patient in filling out medical assistance program paperwork, as well as referrals to Medicaid or other insurance aid or disability programs.
  • Frequently advises uninsured patients on outstanding medical costs associated with procedures performed in a clinic setting and establishes a payment plan.
  • Interacts with patients in-person and must be able to empathize with them while also diffusing strong emotions.
  • Calculates and provides cost estimates for medical procedures, including the patient's anticipated share.
  • Advises on and collects prepayments for services not covered by insurance.
  • May perform guest service duties, as needed.
  • Other duties as assigned.
  • Computer skills sufficient to operate on-line systems and complex software with advanced functionality.
  • Oral and written communication skills sufficient to interpret and apply policies and procedures for clarification and problem resolution.
  • Knowledge of third party payers and basic bookkeeping or accounting principles is required.
  • Requires a thorough understanding of insurance products and the ability to accurately read an EOB to determine what adjustments have been made, what payments have been received, and calculate pending balances.

Requirements:

  • High school diploma or equivalent preferred.
  • Post-secondary education preferred.
  • Two years' experience in healthcare service or health insurance preferred.