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Financial Coordinator
RUSH Health Chicago, IL
$60k-75k (estimate)
Full Time | Professional Associations 2 Months Ago
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RUSH Health is Hiring a Financial Coordinator Near Chicago, IL

Salary: Negotiable :USD

Location: Chicago, IL

Hospital: RUSH University Medical Center

Department: Bone Marrow Transplant

Work Type: Full Time (Total FTE between 0.9 and 1.0)

Shift: Shift 1

Work Schedule: 8 Hr (8:00:00 AM - 4:30:00 PM)

Summary:
The Financial Coordinator position is responsible for providing financial counseling duties to assist patients in understanding their benefits and out of pocket costs. These activities include but are not limited to: providing an estimate for services, developing a payment plan, accepting and posting a patient's payment, providing insurance-related information (in-network, contractual information), and processing Financial Assistance applications. He/she provides excellent customer service to patients and their families. The individual who holds this position exemplifies the Rush mission, vision, and values and acts in accordance with Rush policies and procedures.

The Financial Coordinator position is responsible for providing financial counseling duties to assist patients in understanding their benefits and out of pocket costs. These activities include but are not limited to: providing an estimate for services, developing a payment plan, accepting and posting a patient's payment, providing insurance-related information (in-network, contractual information), and processing Financial Assistance applications. He/she provides excellent customer service to patients and their families. The individual who holds this position exemplifies the Rush mission, vision, and values and acts in accordance with Rush policies and procedures.

Responsibilities:
• Calculates an estimated patient cost and out of pocket, responsibility, and answers questions regarding patients financial responsibility.
• Accurately documents stages and or issues surrounding the applications that are in process in Epic.
• Administers financial assistance applications in compliance with the department Financial Assistance Program. Accurately makes payment arrangements with patients and supplies supportive documentation.
• Accurately documents all payment arrangements and issues appropriate letters of agreement.
• Accurately accepts and applies payments according to policy and procedures.
• Utilizes all resources available to obtain clinical information in a timely manner that is required to obtain authorization.
• Functions as a liaison for the Finance Department to obtain all required documents needed for billing transplant services as episodic cases or global cases.
• Creates and maintains various reports.
• Identifies benefit limitations and assist patient/responsible parties with financial arrangements for the patient portion of the bill.
• Obtains and disseminates contractual network details for both the facility and physician services.
• Performs financial counseling for self-pay population and assists them on programs offered by the medical center. Refers appropriate patient population to public aid consultant.

  • Calculates an estimated patient cost and out of pocket, responsibility, and answers questions regarding patients financial responsibility.
  • Accurately documents stages and or issues surrounding the applications that are in process in Epic.
  • Administers financial assistance applications in compliance with the department Financial Assistance Program.Accurately makes payment arrangements with patients and supplies supportive documentation.
  • Accurately documents all payment arrangements and issues appropriate letters of agreement.
  • Accurately accepts and applies payments according to policy and procedures.
  • Utilizes all resources available to obtain clinical information in a timely manner that is required to obtain authorization.
  • Functions as a liaison for the Finance Department to obtain all required documents needed for billing transplant services as episodic cases or global cases.
  • Creates and maintains various reports.
  • Identifies benefit limitations and assist patient/responsible parties with financial arrangements for the patient portion of the bill.
  • Obtains and disseminates contractual network details for both the facility and physician services.
  • Performs financial counseling for self-pay population and assists them on programs offered by the medical center.Refers appropriate patient population to public aid consultant.

Other information:
Required Job Qualifications:
• High school diploma/GED required.
• Basic knowledge of medical terminology.
• Possesses a basic understanding of insurance plans (benefits) and contracts (in/out network).
• Understands basic concepts as they pertain to registration and insurance.
• Proficiency with the Microsoft Office Suite.
• Excellent interpersonal skills with the ability to work effectively on an interdisciplinary team.
• Working knowledge of creating and maintaining spreadsheet-based reports is a requirement.
Preferred Job Qualifications:
• Two years of relevant experience required. Previous experience in a medical healthcare environment as a Patient Access Coordinator, Biller/Collector, or Financial Counselor strongly preferred.
• Bilingual proficiency preferred.

Required Job Qualifications:

  • High school diploma/GED required.
  • Basic knowledge of medical terminology.
  • Possesses a basic understanding of insurance plans (benefits) and contracts (in/out network).
  • Understands basic concepts as they pertain to registration and insurance.
  • Proficiency with the Microsoft Office Suite.
  • Excellent interpersonal skills with the ability to work effectively on an interdisciplinary team.
  • Working knowledge of creating and maintaining spreadsheet-based reports is a requirement.
  • Preferred Job Qualifications:

  • Two years of relevant experience required.Previous experience in a medical healthcare environment as a Patient Access Coordinator, Biller/Collector, or Financial Counselor strongly preferred.
  • Bilingual proficiency preferred.

Rush is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Professional Associations

SALARY

$60k-75k (estimate)

POST DATE

03/27/2024

EXPIRATION DATE

05/26/2024

WEBSITE

rush-health.com

HEADQUARTERS

CHICAGO, IL

SIZE

7,500 - 15,000

FOUNDED

1994

CEO

BRENT J ESTES

REVENUE

$5M - $10M

INDUSTRY

Professional Associations

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The following is the career advancement route for Financial Coordinator positions, which can be used as a reference in future career path planning. As a Financial Coordinator, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Financial Coordinator. You can explore the career advancement for a Financial Coordinator below and select your interested title to get hiring information.

If you are interested in becoming a Financial Coordinator, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Financial Coordinator for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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A financial coordinator maintains records of compensation and transactions for their organization.

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The financial coordinator will maintain documentation and records proficiently to ensure correctness and promptness of deliverables.

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Reporting activities related to pertinent processes.

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Analyze all financial data, monitor all transactions and prepare appropriate reports for same.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Financial Coordinator jobs

Manage and reconcile all financial projects appropriately.

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Handling billing problems and disputes.

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Make required adjustments to customer accounts.

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Maintain records and documentation.

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Maintain confidentiality of information.

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Step 3: View the best colleges and universities for Financial Coordinator.

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