Medical Benefits & Billing Coordinator

Mount Sinai; United States; On-site; USD 45,000 - 75,000; Full time

Job summary

Mount Sinai is seeking a Financial Coordinator to verify insurance benefits and coordinate patient payments. The role involves obtaining authorizations, disclosures of potential out-of-pocket costs, and resolving billing issues to ensure smooth financial operations.

The candidate should have an Associate's degree (Bachelor's preferred) and at least 1 year of medical insurance experience, including benefit verification and medical office administration.

Qualifications

• Associates degree in related field; Bachelor's preferred.
• 1+ year medical insurance experience including benefit verification and medical office administration.

Responsibilities

• Obtains and verifies patients insurance benefit information from insurance companies or private payers regarding coverage for services.
• Obtains all necessary payer authorizations and acquires all required referrals for services to be provided.
• Negotiates modifies rates with carriers.
• Communicates and inform patients of any potential patient out-of-pocket liability, and works out payment plans as necessary.
• Assists patients with questions or problems regarding insurance coverage and other financial matters.
• Assists in the resolution of any patient billing issues.
• Confirms patients coverage information previously obtained from insurance companies or private payers to ensure accuracy and that there has been no change in coverage since initial confirmation.
• Maintains and completes all insurance assessment forms and agreements and ensures they are accurate for claims processing.
• Performs other related duties.

Skills

Benefit verification

Insurance coordination

Financial counseling

Education

Associates degree in related field

Bachelor's preferred

Job description

Mount Sinai is seeking a Financial Coordinator to verify insurance benefits and coordinate patient payments. The role involves obtaining authorizations, disclosures of potential out-of-pocket costs, and resolving billing issues to ensure smooth financial operations.

The candidate should have an Associate's degree (Bachelor's preferred) and at least 1 year of medical insurance experience, including benefit verification and medical office administration.