Patient Finance & Insurance Coordinator

Mount Sinai; New York (NY); On-site; USD 38,000 - 55,000; Full time

Job summary

The Mount Sinai Health System seeks a Financial Coordinator to verify insurance benefits for patients, determine patient liability, and coordinate payment of uncovered medical expenses. You will assist patients with insurance and payment issues and resolve problems as necessary.

Responsibilities include obtaining and verifying insurance benefit information, securing payer authorizations and referrals, and informing patients of potential out-of-pocket costs while arranging payment plans.

Qualifications

• Associates degree in related field; Bachelors preferred, or combination of relevant experience and education.
• 1+ year medical insurance experience (greater preferred) including medical office administration, benefit verification

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

Medical insurance

Insurance benefit verification

Medical office administration

Education

Associates degree or relevant experience

Job description

The Mount Sinai Health System seeks a Financial Coordinator to verify insurance benefits for patients, determine patient liability, and coordinate payment of uncovered medical expenses. You will assist patients with insurance and payment issues and resolve problems as necessary.

Responsibilities include obtaining and verifying insurance benefit information, securing payer authorizations and referrals, and informing patients of potential out-of-pocket costs while arranging payment plans.