Revenue Cycle Financial Specialist - Full Time, Days

UChicago Medicine; Burr Ridge (IL); Hybrid; USD 45,000 - 70,000; Full time

Job summary

Join a leading academic medical center as a Revenue Cycle Financial Specialist, where you will play a crucial role in ensuring smooth financial processes for patients. This position involves collecting and verifying patient information, collaborating with clinical staff, and assisting patients in navigating their financial responsibilities. The role offers a dynamic work environment where you can utilize your problem-solving and analytical skills to make a meaningful impact on healthcare delivery. With a commitment to excellence and patient care, this is an exciting opportunity to advance your career in the healthcare sector.

Qualifications

• 2+ years' experience in medical insurance verification or hospital finance.
• Strong initiative and analytical skills required.

Responsibilities

• Collect and verify patient demographic and insurance information.
• Assist patients with reimbursement and financial assistance options.
• Ensure compliance with regulations and manage charge disputes.

Skills

Medical Insurance Verification

Problem-Solving Skills

Analytical Skills

Financial Assessment Skills

Communication Skills

Ability to Multitask

Education

Bachelor's Degree

Tools

Windows-based PCs

Job description

Join one of the nation’s most comprehensive academic medical centers, UChicago Medicine, as a Revenue Cycle Financial Specialist within the Revenue Cycle - Patient Access Services Department.

Job Responsibilities

1. Collect and verify demographic, guarantor, and insurance information; educate patients, physicians, and staff on the financial process.
2. Ensure preauthorizations, referrals, and precertifications are completed according to payor requirements prior to scheduled encounters.
3. Collaborate with clinical staff to gather necessary clinical information for authorization processes.
4. Assist patients in securing reimbursement and identifying insurance coverage or financial assistance options.
5. Coordinate with various departments and vendors to manage all patient account types and maintain knowledge of revenue cycle processes.
6. Understand hospital policies and oversee revenue flow for UCMC and UCPG.
7. Utilize hospital revenue systems and interact with patients, insurance companies, and staff regularly.

Essential Functions

1. Perform registration: collect demographic, guarantor, insurance, and financial data via phone or face-to-face.
2. Verify benefits and coverage for scheduled services.
3. Obtain necessary referrals and authorizations, documenting details for billing.
4. Identify patients needing financial assistance and facilitate applications.
5. Counsel patients on rights, responsibilities, and payment procedures.
6. Manage charge disputes, refunds, adjustments, and payment arrangements.
7. Ensure compliance with regulations and participate in departmental audits.
8. Other duties as assigned.

Minimum Qualifications

• At least 2 years’ experience in medical insurance verification or hospital finance, including billing.
• Proficiency with Windows-based PCs.
• Strong initiative, problem-solving, analytical, and financial assessment skills.
• Ability to multitask and adapt to a changing environment.
• Knowledge of accounting principles and excellent communication skills.

Preferred Qualifications

• Bachelor’s degree.

Position Details

• Full-time (1.0 FTE), dayshift.
• Location: Flexible Remote / Burr Ridge, IL.
• Department: Revenue Cycle - Patient Access Services.
• Union: CBA Code 743 Clerical.

Join us to be part of a team dedicated to advancing healthcare and making a difference in people's lives. UChicago Medicine is an equal opportunity employer and complies with vaccination requirements. We offer competitive pay and benefits. Discover more at UChicago Medicine Career Opportunities.