Financial Counselor

summitbhc; United States; On-site; USD 28,000 - 33,000; Full time

Job summary

Peak Behavioral Health in Santa Teresa, NM seeks a Financial Counselor to verify benefits, counsel patients on funding sources, and collect upfront payments. This onsite role supports accurate billing and effective financial planning for patients and families.

The position requires 2+ years in admissions/collections within a hospital setting; psychiatric experience is preferred. Onsite work with a focus on timely financial clearance at discharge.

Qualifications

• Two+ years admissions and collections experience in a hospital setting.
• Experience verifying benefits and insurance required/benefits verification experience preferred.

Responsibilities

• Verifies benefits on each admission and documents patient financial obligations.
• Provides financial counseling to patients/families including net funding sources and upfront collections when appropriate.
• Collects data and compiles reports to monitor upfront collection data.
• Responds to requests for insurance benefit verification to facilitate admission.
• Reviews benefit and eligibility information for accuracy and timely communication to staff.
• Determines third party and self-pay liability; verifies benefits and expected length of stay.

Skills

Two+ years admissions/collections exp

Education

High school diploma or equivalent

Tools

Online Admission/Billing system

Job description

Financial Counselor | Peak Behavioral Health | Santa Teresa, New Mexico

Peak is looking for a Financial Counselor to add to their growing team!

Pay Range: $20.00-24.00 hourly

This position is 100% onsite

Candidates must be in Santa Teresa, NM or surrounding area.

Roles and Responsibilities

• Verifies benefits on each admission and appropriately documents billing system of patient's financial obligations.
• Provides financial counseling for patients (or responsible parties) of their financial obligations including education/consent of private pay agreement, explanation of benefits, co-pays and deductible information, etc. to patients and families to assist patients in identifying funding sources; Performs upfront collections when appropriate.
• Collects data and compiles various/ongoing reports to record and monitor upfront collection data.
• Responds to all requests for insurance benefit verification in a timely manner to facilitate admission.
• Completes documentation of all benefit and eligibility information with accuracy and detail and communicates timely to designated staff. Reviews explanation of benefits to ascertain that claim is processed and paid correctly.
• Accurately determines third party and self-pay liability. Verifies benefits, anticipated length of stay, average program cost to establish correct liability.
• Prepares written out of pocket estimates and discusses with the patient and/or family.
• Ensures all patients are "financially secured" as soon as possible but no later than at discharge.
• Requests credit reports to assist in determining collectability.
• Collects "Advance Payments" according to guidelines provided.
• Reviews claims issues utilizing claims clearing house and make corrections as needed and rebill.
• Completes adjustment forms if any adjustments need to be made to an account and attach all supporting documentation.
• Manages daily productivity via patient accounting system and productivity reports.
• Prorates patient accounts and monitors that balance due is in the correct financial class.
• Maintains appropriate reminder system for follow-up activity.
• Gathers and interprets data from system and understands appropriate course of action to take and initiates time-sensitive and strategic steps resulting in payment.
• Completes monthly re-verification of all current, in-house patients.

Education/Experience/Skill Requirements

• High school diploma or equivalent required.
• Two or more years' prior admissions, collections experience and requests for verification of benefits in a hospital setting required. Psychiatric experience preferred.
• Prior experience with on-line Admission/Billing system desirable.

LICENSES/DESIGNATIONS/CERTIFICATIONS

Not applicable.

WORK LOCATION

This position is onsite and is not a remote position.

SUPERVISORY REQUIREMENTS

This position is an Individual Contributor.

Why Peak Behavioral Health?

Peak Behavioral Health offers a comprehensive benefit plan and a competitive salary commensurate with experience and qualifications.

Peak Behavioral Health is an EOE.

Summit BHC is dedicated to serving Veterans with specialized programming at our treatment centers across the country. We recognize and value the unique strengths of the military community in supporting our mission to serve those who have served.