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Patient Financial Associate Jobs in Massachusetts

... financial responsibilities including copays, deductibles, coinsurance, balances, and self-pay ... Associate Degree or Healthcare-related certificate 1-2 years of hospital registration, patient ...

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Patient Financial Associate information

Is healthcare finance a good career?

A career as a Patient Financial Associate involves managing patient billing, insurance claims, and financial counseling, requiring strong communication and attention to detail. Healthcare finance roles are generally stable with opportunities for advancement and often require familiarity with billing software and healthcare regulations. It can be a rewarding career for those interested in healthcare administration and financial management.

What is the difference between Patient Financial Associate vs Medical Billing Specialist?

AspectPatient Financial AssociateMedical Billing Specialist
CredentialsHigh school diploma; some roles may require certificationHigh school diploma; certification often preferred
Work EnvironmentHospitals, clinics, healthcare officesMedical offices, billing companies, healthcare facilities
Primary ResponsibilitiesPatient account management, insurance verification, billing assistanceProcessing claims, coding, submitting bills to insurers
OverlapYes, both handle billing and insurance processesYes, both involve billing and insurance claims

The Patient Financial Associate and Medical Billing Specialist roles share responsibilities related to billing and insurance. However, the Patient Financial Associate focuses more on patient interactions, account management, and financial counseling, while the Medical Billing Specialist primarily handles claim processing and coding. Both roles are essential in healthcare revenue cycle management and often work closely within healthcare settings.

What are some typical challenges patient financial associates face when helping patients understand their insurance coverage and billing statements?

Patient Financial Associates often encounter challenges when explaining complex insurance policies and billing details to patients who may be unfamiliar or overwhelmed by healthcare terminology. Navigating discrepancies between insurance claims and actual coverage, addressing denied claims, and clarifying patient responsibilities for out-of-pocket costs require strong communication and problem-solving skills. It's common to work closely with both patients and insurance representatives to resolve issues and ensure accurate billing, all while maintaining empathy and professionalism. Effective Associates develop strategies to simplify information and provide reassurance throughout the process.

What are the key skills and qualifications needed to thrive as a patient financial associate, and why are they important?

To thrive as a Patient Financial Associate, you need a solid understanding of medical billing, insurance processes, and healthcare finance, often supported by a relevant associate degree or equivalent experience. Familiarity with hospital information systems, billing software, and coding systems like ICD-10 and CPT is typically required. Strong attention to detail, problem-solving skills, and effective communication are vital soft skills for this role. These competencies ensure accurate billing, prompt reimbursement, and positive patient interactions, which are critical for the financial health of healthcare organizations.

What does a patient financial associate do?

A Patient Financial Associate is responsible for helping patients navigate the financial aspects of their healthcare. They assist with billing, insurance verification, payment processing, and answering questions about charges or coverage. Their goal is to ensure patients understand their financial responsibilities and help resolve any billing issues. Patient Financial Associates often work closely with both patients and insurance companies to facilitate smooth payment processes.
What are the most commonly searched types of Patient Financial jobs in Massachusetts? The most popular types of Patient Financial jobs in Massachusetts are:
What cities in Massachusetts are hiring for Patient Financial Associate jobs? Cities in Massachusetts with the most Patient Financial Associate job openings:

Senior Patient Financial Services Specialist

Hebrew SeniorLife

Roslindale, MA • On-site

$18.75 - $25/hr

Other

Re-posted 14 days ago


Hebrew SeniorLife rating

9.3

Company rating: 9.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz


Job description

Patient Financial Services Specialist

The Patient Financial Services Specialist is responsible for both long-term care and hospital settings. This role requires specialized expertise in Massachusetts Medicaid (MassHealth), including application, renewal, and compliance processes, as well as a strong understanding of reimbursement models for custodial care, skilled nursing facilities (SNF), and managed care programs. The ideal candidate will serve as a key liaison between patients, families, clinical teams, admissions, MassHealth and payers to ensure timely coverage, guarantor education, and financial compliance.

Position Responsibilities:

  • MassHealth (Medicaid) Eligibility & Maintenance
    • Complete and submit MassHealth applications and renewals accurately and timely
    • Assist patients, families and guarantors in gathering required financial documentation
    • Resolve eligibility issues, denials, and coverage gaps
    • Stay current with Massachusetts Medicaid regulations and policy changes
    • Track and manage all resident MassHealth renewal dates on a rolling 12-month cycle
    • Initiate renewal process upon receipt of MassHealth notices; monitor deadlines and follow up on outstanding documentation
  • Financial Coordination
    • Verify insurance coverage and benefits across multiple payers in conjunction with admissions
    • Collect, review, and organize required financial documents (bank statements, income verification, asset records, social security records, etc.)
    • Determine ability to pay privately vs. eligibility for assistance programs
    • Coordinate transitions between payers (e.g., Medicare to Medicaid; Private to Medicaid)
    • Ensure accurate payer source assignment and billing readiness
    • Coordinate with billing as needed
  • Patient & Family Support
    • Educate patients, families and guarantors on coverage options, financial responsibility, and eligibility requirements
    • Provide guidance on spend-down requirements, asset documentation, patient paid amounts and compliance
    • Serve as a point of contact for financial inquiries and concerns
    • Help residents and family understand how to pay for care
    • Make complex financial systems understandable
    • Maintain accurate and up-to-date resident financial files
  • Compliance & Documentation
    • Maintain accurate, complete, and audit-ready financial records
    • Ensure compliance with Federal and Massachusetts Medicaid regulations
    • Support internal and external audits related to billing and eligibility
    • Identify and escalate potential eligibility issues for MassHealth (excess assets, missing documentation, etc.)
  • Accounts Receivable
    • Follow up on unpaid claims, resolve discrepancies, and ensure timely payments
    • Monitor and track accounts receivable, ensuring all payments are received timely
    • Work with residents, families, and external agencies to resolve any billing issues or payment delays
  • Systems & Reporting
    • Maintain tracking systems (spreadsheets or software) for MassHealth renewal timelines and outcomes
    • Support audits and internal reviews related to eligibilities and reimbursement
    • Generate reports on upcoming MassHealth renewals, MassHealth Pending and submission statuses, etc.
  • Collaboration
    • Communicate with state agencies, managed care organizations, and third-party payers
    • Communicate MassHealth renewal requirements, deadlines, and status updates clearly and professionally
    • Participate in interdisciplinary care and discharge planning as needed
    • Provide financial insight that impacts discharge planning or long-term placement
    • Coordination with interdisciplinary teams (admissions, social workers, clinical, billing, etc.)

Core Competencies:

Analytical thinking and problem-solving, Regulatory and policy expertise, Compassionate patient interaction, Organizational and time management skills, Adaptability in a complex reimbursement environment, Problem solving and critical thinking, Time management skills

Qualifications:

Education & Experience: Associate's or Bachelor's degree in Healthcare Administration, Finance, or related field (preferred) 2–5+ years of experience in: Patient financial services, case management, or healthcare billing Massachusetts Medicaid (MassHealth) eligibility and applications Long-term care and hospital reimbursement Experience with financial document review and case management preferred

Required Knowledge & Skills: Deep understanding of: MassHealth application and renewal processes Long-term care (custodial) reimbursement structures SNF reimbursement (including Medicare Part A and Medicaid coordination) Managed care reimbursement models and authorization requirements Medicaid eligibility rules (income/assets, 5-year lookback) Strong knowledge of insurance verification and billing workflows Excellent attention to detail and documentation accuracy Ability to manage multiple cases and deadlines simultaneously Strong communication and interpersonal skills

Preferred Skills: Experience with electronic medical records (EMR) and billing systems Familiarity with Massachusetts long-term care regulations and compliance standards Meditech experience desirable. Other nursing home software experience will be considered Proficiency in Microsoft Excel Effective communication skills with families and external agencies. Strong organizational and documentation skills

Remote Type: On-site

Salary Range: $54,022.04 - $81,033.59


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