Financial Clearance Specialist - Exeter Hospital

Financial Clearance Specialist - Exeter Hospital

Exeter Full-Time 30000 - 40000 £ / year (est.) No working from home possible
Beth Israel Lahey Health, Inc.

At a Glance

  • Tasks: Verify insurance eligibility and ensure medical necessity for outpatient services.
  • Company: Join the compassionate team at Exeter Hospital, part of Beth Israel Lahey Health.
  • Benefits: Full-time position with opportunities for growth and a supportive work environment.
  • Other info: Dynamic role with a focus on teamwork and customer service.
  • Why this job: Make a real difference in patients' lives while developing your skills in healthcare finance.
  • Qualifications: High school diploma required; experience in financial clearance preferred.

The predicted salary is between 30000 - 40000 £ per year.

When you join the growing BILH team, you’re not just taking a job, you’re making a difference in people’s lives.

This position completes all financial clearance activities for services rendered in outpatient departments. Monitors outcomes to ensure medical necessity and authorization requirements are met. Provides feedback to departments on medical necessity and authorization processes.

Primary Responsibilities:

  • Verifies patient's insurance eligibility for visit, using various online tools and by contacting the payer directly.
  • Identifies payer medical necessity determination before services are rendered. Informs departments of failed instances. When circumstances dictate, requests additional information to re-run medical necessity check.
  • Determines authorization requirement and, when necessary, obtains authorization from payer by utilizing payer specific protocols. Requests and coordinates any additional information from departments when needed.
  • Identifies and escalates issues timely and appropriately for resolution and communicates and coordinates with revenue cycle peers, leadership and clinical stakeholders. Documents interim and final results in appropriate systems.
  • Completes assigned work queues and reports daily to achieve standards of productivity and quality. Assists with reviewing medical necessity and obtaining authorization for urgent or walk-in visits. Refers patients to financial counselors to resolve complex financial issues and/or inquiries.
  • Follows BIDMC policies, procedures and training materials to ensure compliance to federal, state, and contractual requirements.
  • Identifies trends and provides periodic reports to departments on operational, productivity, and quality metrics.
  • Performs other activities on an as-needed basis to support the department.

Required Qualifications:

  • High School diploma or GED required. Associate's degree preferred.
  • 1-3 years related work experience required.
  • Working knowledge of Common Procedural Terminology (CPT), Health Care Procedural Coding System (HCPCS) coding and International Classification of Diseases (ICD-9, ICD-10).
  • Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications.

Preferred Qualifications:

  • 3+ years of related experience; two or more years of prior work experience in Financial Clearance activities.
  • Knowledge of payer policies for medical necessity/authorization requirements.
  • Prior experience working with Craneware software.

Competencies:

  • Decision Making: Ability to make decisions that are guided by precedents, policies and objectives.
  • Problem Solving: Ability to address problems that are varied, requiring analysis or interpretation of the situation using direct observation, knowledge and skills based on general precedents.
  • Independence of Action: Ability to follow precedents and procedures. May set priorities and organize work within general guidelines.
  • Written Communications: Ability to summarize and communicate in English moderately complex information in varied written formats to internal and external customers.
  • Oral Communications: Ability to comprehend and communicate complex verbal information in English to medical center staff, patients, families and external customers.
  • Knowledge: Ability to demonstrate full working knowledge of standard concepts, practices, procedures and policies with the ability to use them in varied situations.
  • Team Work: Ability to work collaboratively in small teams to improve the operations of immediate work group by offering ideas, identifying issues, and respecting team members.
  • Customer Service: Ability to provide a high level of customer service to patients, visitors, staff and external customers in a professional, service-oriented, respectful manner using skills in active listening and problem solving.

Social/Environmental Requirements:

  • Work requires close attention to task for work to be accurately completed.
  • Work is varied every day and the employee needs to be adaptable to respond to these changes and use independent judgment and manage priorities.
  • No substantial exposure to adverse environmental conditions.

Sensory Requirements:

  • Close work (paperwork, visual examination), Color vision/perception, Visual monotony, Visual clarity.

Financial Clearance Specialist - Exeter Hospital employer: Beth Israel Lahey Health, Inc.

Beth Israel Lahey Health, Inc. is an outstanding employer that prioritises employee well-being and professional growth, offering flexible evening and day shifts in the vibrant community of Plymouth. With a strong commitment to teamwork and a supportive work culture, employees benefit from a collective bargaining agreement that ensures fair treatment and opportunities for advancement in the healthcare field.

Beth Israel Lahey Health, Inc.

Contact Details:

Beth Israel Lahey Health, Inc. Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Financial Clearance Specialist - Exeter Hospital

Tip Number 1

Network like a pro! Reach out to people in the healthcare finance field, especially those at Exeter Hospital. A friendly chat can open doors and give you insider info on the role.

Tip Number 2

Prepare for the interview by brushing up on your knowledge of medical necessity and authorisation processes. Show us you know your stuff and can hit the ground running!

Tip Number 3

Practice your communication skills. You’ll need to explain complex information clearly, so get comfortable discussing financial clearance topics with friends or family.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows us you’re serious about joining the BILH team.

We think you need these skills to ace Financial Clearance Specialist - Exeter Hospital

Insurance Eligibility Verification
Medical Necessity Determination
Authorization Requirement Identification
Payer Communication
Revenue Cycle Coordination
Documentation Skills
Microsoft Applications Proficiency

Some tips for your application 🫡

Tailor Your Application:Make sure to customise your CV and cover letter for the Financial Clearance Specialist role. Highlight your relevant experience and skills that match the job description, especially around insurance eligibility and medical necessity.

Showcase Your Skills:Don’t forget to mention your advanced Microsoft skills and any experience with CPT, HCPCS, or ICD coding. We love seeing candidates who can demonstrate their technical know-how in their applications!

Be Clear and Concise:When writing your application, keep it straightforward. Use clear language to communicate your qualifications and experiences. Remember, we appreciate good written communication skills!

Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re keen on joining our team!

How to prepare for a job interview at Beth Israel Lahey Health, Inc.

Know Your Stuff

Make sure you brush up on your knowledge of insurance eligibility, medical necessity, and authorisation processes. Familiarise yourself with Common Procedural Terminology (CPT) and the coding systems mentioned in the job description. This will show that you're not just interested in the role but also understand the technical aspects involved.

Practice Makes Perfect

Rehearse common interview questions related to financial clearance activities. Think about scenarios where you've had to solve problems or make decisions based on policies. Practising your responses will help you articulate your experience clearly and confidently during the interview.

Showcase Your Tech Skills

Since advanced skills in Microsoft applications are essential, be prepared to discuss your experience with tools like Excel and Access. You might even want to bring examples of complex documents or analyses you've created in the past to demonstrate your proficiency.

Be a Team Player

Highlight your ability to work collaboratively with others. Share examples of how you've contributed to team success in previous roles, especially in situations that required communication with various stakeholders. This will resonate well with the interviewers looking for someone who can fit into their team culture.