Financial Counselor - Arlington Heights, United States - Edward-Elmhurst Health

Edward-Elmhurst Health

Verified Company

Arlington Heights, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Financial Counselor

Position Highlights:

Position: Financial Counselor
Location: Arlington Heights, IL
Full Time
Hours: Monday-Friday, 8:30am 5pm, Rotating Holidays
Required Travel: N/A

Summary:
- patient and inpatient services.

What you will do:

Communicates with patients and their representatives, physicians and their office staff, employers, and NCH ancillary departments to accurately collect and review all required demographic, insurance/financial, and clinical data necessary to expedite payment on patient accounts. May consult with patients and patient family members in patient's room to gather and research required insurance and benefit information. Electronically records gathered information in hospital systems and logs.
Receives and reviews all inpatient admission and outpatient services selfpay accounts received from ancillary departments/physicians to determine if a significant deductible or payment is applicable. Interviews and consults with potential customer walkin/ telephone inquiries and physicians requesting written estimates for inpatient or outpatient services. Collaborates with internal departments and physicians' offices to collect information required to develop price estimates including ICD9 or CPT codes, location of service, inpatient/outpatient status, duration of service, special medical supplies and equipment, anesthesia type, physician preferences, etc.
Conducts research in the hospital's utilization software system searching for comparable historical cases to determine selfpay account liability and to construct written estimates for potential customers and physicians considering NCH for services. Enters variable case elements in the utilization system entering specific demographic and service parameters to drill down and target appropriate case cost comparisons. Consults with Decision Support department resources on requests for complex estimates or when limited utilization data exists. Prepares written estimates for customers and physician's offices based on information provided.
Negotiates and secures initial copayments. Communicates hospital policies and establishes payment arrangements with patients per hospital and financial assistance policies and procedures. Follows the Health Insurance Portability and Accountability Act (HIPAA), payer and applicable regulations and standards for registration and billing. Verifies patient financials are complete by ensuring benefits have been approved and received, and that copays and deductibles are paid. Formulates an agreed upon payment plan prior to outpatient services or inpatients being discharged from the hospital.
Collaborates with NCH patient financial services and medical records staff, physician's offices and insurance carriers to research and adjudicate outstanding patient account balances and refunds. Conducts followup telephone calls to patients /guarantors regarding outstanding selfpay account balances. Explains account balances, payment policies and secures payment arrangements within hospital collection policies or financial assistance options. Sends followup letters to patients regarding status of account and issue resolution and generates mailings for all accounts that do not have a completed Medicare Secondary Payer questionnaire for hospital adherence to Center for Medicare & Medicaid Services (CMS) guidelines.
Maintains work queues, performs necessary tasks to complete the account which may include, use of activity codes, notification and followup with patient via phone or written correspondence, followup with 3rd party payers, research within Patient ID and/or credit rating software to manage NCH accounts receivables and meet timely filing or other payer and contractual requirements.

What you will need:

Education: Minimum of an Associate's degree or equivalent required.
Certification: N/A
Experience: Minimum 2 years experience working with customers in billing and collections in a healthcare patient accounting department required.
Unique or Preferred Skills:
Ability to functionally navigate multiple computer software systems with accurate keyboard skills following computer security protocols.
The interpersonal communication skills necessary to interview and negotiate with customers while projecting a professional and compassionate concierge style of customer service to patients, patient families, physician's and staff in person and on the telephone.
Ability to work independently, exercising good judgment, and multitask in a high stress, fast paced call center environment with patient's, patient's family and physician's.
Possesses detail orientation and analytical problemsolving skills to appropriately register patients and procedures.
Ability to operate routine office equipment (facsimile, copiers, plate production, scanners, printers).
Ability to ask patient or responsible party for payment and maintain a cash drawer.
Prior exper