Role Description
The Senior Revenue Cycle Associate, Financial Clearance position is responsible for ensuring that a patient’s visit is financially cleared prior to the date of service. This position serves as the subject matter expert and go-to resource for peers, providing guidance on complex registration, insurance, workflow, and patient financial responsibility matters. The role includes:
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Verifying patient insurance eligibility/benefits
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Calculating patient liability estimates
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Securing prior authorization
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Providing notice of admission
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Obtaining referrals
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Verifying medical necessity
These efforts will result in increased net revenues by reducing front-end related denial write-offs. Interactions will be conducted with providers, payers, patients, and hospital-based personnel. Duties are to be performed accurately and timely while providing exceptional customer service. This position is not a formal supervisory role.
Qualifications
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Proficient in typing
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General knowledge of medical terminology
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Ability to communicate effectively and professionally in English, both verbally and in writing
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Critical thinking and problem-solving skills
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High school graduate or equivalent
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One year of related experience in the medical field is preferred
Requirements
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Ensures Financial Clearance (e.g., verification of eligibility/ benefits, securing prior authorization, etc.) is obtained timely prior to the patient’s date of service based on service line and departmental policies
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Performs coverage discovery using eligibility tools to identify additional insurance coverage if existing insurance on file is inactive
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Calculates and clearly documents patient liability estimates based on patient’s verified benefit information
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Provides payers with timely inpatient and observation Notices of Admission (NOA) as required based on payer-specific guidelines
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Validates prior authorization has been obtained and follows up with providers via phone as required for applicable services lines
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Verifies medical necessity for applicable patients and identifies instances where a Medicare Advance Beneficiary Notices of Noncoverage (ABN or NONC) is required
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Escalates instances where Financial Clearance may not be obtained (e.g., unable to obtain authorization) prior to patient’s DOS to appropriate stakeholders in accordance with departmental deferral policies
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Resolves insurance coverage and authorization information discrepancies as identified through automated quality assurance tool
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Works denials related to referral, authorizations, notifications, non-coverage, and medical necessity as assigned, including coordinating with appropriate stakeholders to submit rebills or appeals and obtaining retro authorization when required
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Observes privacy, safety, and security procedures, and uses equipment and materials properly
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Possesses the ability to work within a remote call center environment, free from distractions and background noise
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Recognizes and consistently exhibits exceptional customer service as a critical factor in all duties performed
Benefits
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Competitive salary and benefits package
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Opportunities for professional development and advancement
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Supportive work environment with a collaborative team
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Comprehensive healthcare coverage
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Retirement savings plan
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Paid time off and flexible scheduling options
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Student loan repayment program