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Patient Financial Associate Jobs in Chicago, IL (NOW HIRING)

Financial Counselor

Chicago, IL

$19.50 - $25.50/hr

Review patient accounts for outstanding balances, document all interactions, and inform patients or ... Associate's degree in Accounting, Business Administration, or related field * Experience in a ...

Patient Service Representative

Gary, IN · On-site

$17.50 - $22.25/hr

Register new patients and accurately update demographic, financial, insurance, and clinical ... Associate degree in healthcare administration, business, or related field preferred. * Experience:

New

... patient financial responsibilities. The Admissions Registration Specialist I will perform all ... Associates Degree in Accounting or Business Administration • Experience within a hospital or ...

... patient financial responsibilities. The Admissions Registration Specialist I will perform all ... Associates Degree in Accounting or Business Administration • Experience within a hospital or ...

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Patient Financial Associate information

See Chicago, IL salary details

$14

$32

$69

How much do patient financial associate jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for patient financial associate in Chicago, IL is $32.93, according to ZipRecruiter salary data. Most workers in this role earn between $21.30 and $35.43 per hour, depending on experience, location, and employer.

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 Chicago, IL? The most popular types of Patient Financial jobs in Chicago, IL are:

Patient Financial Services Representative

Insight

Chicago, IL • On-site

$18/hr

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted 23 hours ago


Job description

FTE: Full time-9:00 a.m.-5:00 p.m.
WE ARE INSIGHT: At Insight Hospital and Medical Center Chicago, we believe there is a better way to provide quality healthcare while achieving health equity. Our Chicago location looks forward to working closely with our neighbors and residents, to build a full-service community hospital in the Bronzeville area of Chicago; creating a comprehensive plan to increase services and meet community needs. With a growing team that is dedicated to delivering world-class service to everyone we meet, it is our mission to deliver the most compassionate, loving, expert, and impactful care in the world to our patients. Be a part of the Insight Chicago team that provides PATIENT CARE SECOND TO NONE! If you would like to be a part of our future team, please apply now!
Position Summary
The Patient Financial Services Representative supports hospital revenue cycle operations by performing patient billing, insurance follow-up, and financial counseling activities. This role ensures timely and accurate reimbursement for hospital services while providing a positive, patient-centered financial experience.
The representative works closely with patients, clinical departments, and payers to support Medicaid eligibility, billing, and financial assistance programs, helping ensure access to care for diverse and underserved patient populations.
Key Responsibilities
Hospital Revenue Cycle Operations
• Process inpatient and outpatient hospital billing, including claim submission and follow-up
• Perform payment posting, adjustments, and account reconciliation
• Monitor assigned hospital accounts receivable and follow up on unpaid or underpaid claims
• Investigate and resolve claim denials, coding issues, and billing discrepancies
• Ensure timely account resolution in accordance with hospital billing guidelines
Medicaid & Insurance Support
• Verify insurance coverage and Medicaid eligibility for hospital patients
• Assist with Medicaid enrollment, applications, and redeterminations for admitted and outpatient patients
• Submit and track Medicaid and third-party claims, including corrections and appeals
• Identify denial trends and escalate issues impacting reimbursement
Patient Financial Counseling
• Explain hospital billing processes, insurance coverage, and patient financial responsibility
• Assist patients in applying for charity care, financial assistance, and presumptive eligibility programs
• Collect required documentation and ensure completeness of applications
• Set up payment plans in accordance with hospital policies
Customer Service
• Respond to patient and guarantor inquiries regarding hospital bills and insurance claims
• Provide clear, compassionate communication, especially in high-stress hospital situations
• Resolve routine issues and escalate complex cases to supervisors
Compliance & Documentation
• Maintain compliance with hospital policies, HIPAA, and federal/state regulations
• Ensure accurate and complete documentation in hospital billing systems
• Support audit activities by maintaining proper records and following internal controls
Collaboration
• Coordinate with patient access, registration, case management, utilization review, and clinical departments
• Communicate with insurance companies and Medicaid representatives to resolve account issues
• Support discharge planning by addressing financial clearance and eligibility needs
Qualifications
Education
• High school diploma or equivalent required
• Associate's or bachelor's degree in healthcare administration, Business, or related field preferred
Experience
• 1-3 years of experience in hospital patient financial services, billing, or revenue cycle operations
• Experience with inpatient and outpatient hospital billing preferred
• Familiarity with Medicaid eligibility and hospital-based financial assistance programs
Skills
• Knowledge of hospital billing systems and electronic health records (EHR)
• Strong understanding of insurance processes, including Medicaid and Medicare
• Excellent customer service and communication skills in a healthcare environment
• Ability to manage multiple accounts and meet productivity standards
• Attention to detail, accuracy, and problem-solving abilities
• Ability to work in a fast-paced hospital setting
Benefits:
  • Paid Sick Time - effective 90 days after employment
  • Paid Vacation Time - effective 90 days after employment
  • Health, vision & dental benefits - eligible at 30 days, following the 1st of the following month
  • Short and long-term disability and basic life insurance - after 30 days of employment

The duties are to be performed in a highly confidential manner, in accordance with the mission, values and behaviors of Insight Hospital and Medical Center.
Employees are further expected to provide high quality of care, service and kindness toward all patients, staff, physicians, volunteers and guests.

Disclaimer:
The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of functions, tasks, duties, responsibilities and requirements of employees so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of Insight Hospital and Medical Center.