About the position
The Patient Financial Advisor screens uninsured patients for Medicaid and financial assistance; assists patients in completing Medicaid and financial assistance applications; manages the Medicaid eligibility/application process; collects patient responsibility for unscheduled insured inpatients and observation patients; and utilizes critical thinking skills to determine the most appropriate resources available to assist patients in need. The Patient Financial Advisor will have knowledge of all aspects of the department process from the registration process through billing. The Patient Financial Advisor will have knowledge of medical insurances and collections and will assist in resolving issues regarding a patient's ability to pay for services. The Patient Financial Advisor reviews available funding sources for which the patient qualifies. The Patient Financial Advisor researches patients' account questions and explains payments that have been made on their accounts. The Patient Financial Advisor is expected to work independently, manage his/her case load, and require minimal oversight.
Responsibilities
- Educates, screens, and assists patients who do not have valid insurance coverage to enroll in third-party eligibility programs.
- Interviews qualified patients for potential funding sources, which may include Medicaid, financial assistance programs (FAP), and/or alternative funding sources.
- Performs all associated functions timely and accurately.
- Educates patient during interview on applicable policies such as point-of-service collection, payment options, and financial assistance.
- Performs follow up with patient and the Division of Medicaid to ensure appropriate completion of applications and submission of all required documentation.
- Submits Medicaid applications timely and accurately.
- Meets with patients who present as self-pay to obtain valid insurance coverage, if applicable, and/or review prior account information to obtain insurance coverage.
- Notifies departments of information and updates patient accounts.
- Consistently interacts with sensitivity to patients/their families and is responsive to individual needs.
- Exhibits excellent customer service and communications skills.
- Analyzes patient financial condition based on interview and inputs into financial counseling system.
- Documents all calls, correspondence, and related activities to each patient's account in the correct place using appropriate tools and language.
- Updates patient accounting information systems.
- Responsible for calculating patient out-of-pocket amounts due and collecting on those amounts for unscheduled inpatient and observation admits having insurance coverage.
- Maintains complete records of all patients applying for indigent or financial assistance.
- Verifies and assures all accounts are ready for routing for approval for charity or billing with adequate supporting documentation.
- Demonstrates ability to work independently, be attentive to detail, and ensure work is completed timely and accurately.
- Works in self-directed manner and requires minimal supervision.
- Identifies trends that may indicate problem areas and alerts Supervisor/Manager/Director of such.
- Works closely with Case Management (UR) on a daily basis regarding notification of active Medicaid coverage, authorizations, and changes to Healthy Louisiana Plans.
- Maintains daily contact with various departments and outside entities.
- Actively participates in and encourages others to utilize creative and innovative approaches to accomplish tasks.
- Performs other duties as assigned.
Requirements
- 1 year of experience in financial services, insurance, or billing/patient accounts.
- Bachelor's Degree.
- Advanced clerical and computer skills judgment.
- Analytical skills and communication skills required to accomplish goals in sensitive settings.
- Familiarity with a variety of funding sources and eligibility.
- Thorough understanding of hospital billing.
