Advanced Therapies Benefits Specialist

Shields Advanced Therapies; New York (NY); Hybrid; USD 65,000 - 80,000; Full time

Benefits offered by this job

Bonus opportunity

Benefits package

Job summary

Shields Advanced Therapies in New York City is seeking an Advanced Therapies Benefits Specialist to manage patient financial services. This full-time, hybrid role reports to the Director of Clinical Operations and targets providers, payers, and foundations to secure insurance coverage, prior authorizations, and financial assistance.

The ideal candidate will have 5+ years in healthcare billing or patient financial counseling, strong communication, and proficiency with healthcare information

Qualifications

• 5+ years in healthcare billing or patient financial counselling.
• Experience with insurance verification and healthcare financial systems.
• Familiarity with payer navigation for cellular therapy or bone marrow transplant preferred.

Responsibilities

• Investigate and verify patient insurance coverage and benefits with payers and PBMs.
• Facilitate prior authorizations for all components of treatment plans.
• Guide patients through Medicaid/Medicare or other financial assistance enrollment.
• Counsel patients on insurance benefits and out-of-pocket costs.
• Coordinate with clinical staff, billing, and hospital departments on financial clearance.
• Develop and execute standardized benefits investigation and PA pathways.
• Support programmatic expansion of centralized Benefits Specialist function.

Skills

Communication

Interpersonal skills

Attention to detail

Organizational skills

Healthcare IT systems

Job description

Shields Advanced Therapies partners with health systems to accelerate advanced therapy access and operations, ensuring lifechanging breakthroughs reach more patients. Our management services and technology solutions serve as a horizontal support hub to empower health system-led, world-class advanced therapy care across 50+ disease states.

Launched in September 2024, Shields Advanced Therapies is anchored by partnerships with five of the Top 20 Academic Medical Centers in the United States. Additionally, Shields' track record partnering with over 1,000 hospitals across 43 states in prior ventures provides a national channel for expansion.

Role Overview

The Advanced Therapies Benefits Specialist will play a crucial role in managing and coordinating patient financial services, ensuring that patients understand and can access available financial resources from payers, manufacturers, and foundations. The role will report to the Director, Clinical Operations. This is a full-time, hybrid role based in New York City (4 days/week in office).

Core Responsibilities

• Benefits Investigation & Verification: Work with all payers (Government, Commercial, and otherwise, including out-of-state Medicaid agencies), pharmacy benefit managers (PBMs) and third-party administrators (TPAs) to identify, investigate and verify patient insurance coverage and benefits as early as possible within the care journey to ensure timely access to care, accurate billing, and minimal claim denials. This involves confirming eligibility and understanding the specifics of various insurance plans, including site-of-care considerations.
• Prior Authorization Facilitation: Work with patient, Cell & Gene Therapy Clinical Coordinators, clinical staff, payer, and others to secure prior authorizations for each component of the treatment plan as applicable/required.
• Benefit Enrollment Assistance (if applicable): Guide patients through the process of enrolling in appropriate benefit programs, such as Medicaid, Medicare, or other financial assistance options. This may involve helping patients complete necessary applications and providing information on program requirements.
• Patient Financial Counseling: Assist patients in understanding their insurance benefits, out-of-pocket costs, and available financial assistance programs. This includes explaining coverage details and guiding patients through the complexities of healthcare billing, including site-of-care considerations.
• Collaboration with Departments: Work closely with clinical staff, patient accounting, billing & collections, and other hospital departments (e.g., research) to communicate benefits considerations and serve as point of contact during financial clearance process, ensure accuracy, and enhance patient satisfaction. This collaboration ensures that financial considerations are integrated into patient care planning.
• Collaboration with Manufacturers: In partnership with the Cell & Gene Therapy Clinical Coordinators, work with manufacturers to attempt securing additional financial assistance as applicable/appropriate.
• Compliance and Documentation: Maintain accurate records of patient interactions, financial agreements, and assistance provided, ensuring compliance with healthcare regulations and privacy laws. This includes documenting all financial counseling sessions and maintaining confidentiality of patient information.
• Development and Execution of Financial Pathways: Codify and execute benefits investigation and prior authorization pathways tailored to each product covered by advanced therapy programs across Health System Partner's service lines and therapeutic programs.
• Programmatic Expansion: Contribute to development of centralized Benefits Specialist function that will augment dedicated teams at our Health System Partners and other future partners.

Experience

The ideal candidate will have 5+ years of experience in healthcare billing, insurance coordination, or patient financial counselling, and familiarity with healthcare financial systems and the insurance verification process.

Strong communication and interpersonal skills are crucial for effectively assisting patients, and attention to detail, organizational abilities, and proficiency with healthcare information systems are also important.

Prior experience/familiarity with payer navigation specifically related to cellular therapy (CAR T, TIL, etc.), gene therapy, and/or bone marrow transplant patient journeys and applicable prior authorizations required to enable is preferred.

Prior exposure with both inpatient & outpatient site-of-care also preferred but not required.

Compensation

The base salary for this role is expected to be between $65,000 and $80,000.

Bonus opportunity tied to quality metrics/outcomes and comprehensive benefits coverage also offered.