Financial Authorization Associate- Admitting and Throughput- Mount Sinai Hospital- Full Time- Day

Strength Through Diversity

Ground breaking science. Advancing medicine. Healing made personal.

 

Roles & Responsibilities:

 The Financial Authorization Associate I is responsible for the admitting and financial aspects of a patient's registration through the MSH Admitting and Throughput department. The Financial Authorization Associate I validates or obtains insurance benefits for patients, determines patient liability and coordinates and collects payment of uncovered medical expenses. Assists patients with insurance and payment issues, and completion of required forms, and resolves problems as necessary.

1. Obtains and verifies patients’ insurance benefit information from insurance companies or private payers regarding coverage for services.
2. Obtains all necessary payer authorizations and acquires all required referrals for services to be provided.
3. Negotiates modifies rates with carriers.
4. Communicates and inform patients of any potential patient out-of-pocket liability, and works out payment plans as necessary. May provides resources to bridge the gap between insurance coverage and patients’ liability if necessary.
5. Assists patients with questions or problems regarding insurance coverage and other financial matters.
6. Assists in the resolution of any patient billing issues.
7. Maintains and completes all insurance assessment forms and agreements and ensures they are accurate for claims processing.
8. Prepares, collects and analyzes financial stats on all collected payments, which includes but is not limited to, patient liabilities and private room payments. Responsible for the preparation and reporting of daily, weekly, monthly, quarterly and/or yearly financials of the department to Senior Leadership.
9. Performs other related duties.

 

Requirements: 

Education Requirements:
Associate’s degree required in related field of business, finance, healthcare administration, healthcare management. Bachelor’s preferred, with combination of relevant experience and education.

Experience:
1+ year medical insurance experience, including medical office administration or benefit verification. Must have experience speaking with insurance companies and private payers and understanding insurance benefit provisions.

Computer Skills Requirement: MS Office Suite: Intermediate – Advanced

General Skills and Competencies: Excellent customer service skills, Strong written, oral and interpersonal skills, Attention to detail, Finance experience.

Strength Through Diversity

 

The Mount Sinai Health System believes that diversity and inclusion is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize healthcare delivery together.

 

We work hard to recruit and retain the best people, and to create a welcoming, nurturing work environment where you have the opportunity and support to develop professionally. We share the belief that all employees, regardless of job title or expertise, have an impact on quality patient care. 

 

Explore more about this opportunity and how you can help us write a new chapter in our story! 

 

Who We Are

 

Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.

 

Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospitals, including Mount Sinai Beth Israel, Mount Sinai Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai Morningside ( Formerly St Luke’s), and New York Eye and Ear Infirmary of Mount Sinai.

 

The Mount Sinai Health System is an equal opportunity employer. We comply with applicable Federal civil rights laws and does not discriminate, exclude, or treat people differently on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, or gender expression. 

 

EOE Minorities/Women/Disabled/Veterans

 

Strength Through Diversity

The Mount Sinai Health System believes that diversity, equity, and i