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Financial Counselor

Torrance Memorial Medical Center
Torrance Memorial Medical Center Salary
Torrance, CA Full Time
POSTED ON 3/1/2025
AVAILABLE BEFORE 4/25/2025
Under general supervision, the Financial Counselor is responsible for assisting patients in resolving their medical liabilities, assisting patients in applying for financial assistance, helping them identify a path toward resolving their balances and identifying other funding sources (Medi-cal), Qualifying Acts of Violence, Workers Compensation, and etc.) and/or charity care. This role involves communicating with patients both in person and over the phone and requires a high level of customer service.
      • Screens, schedule appointments and coordinates assignments of accounts to Health Advocates for determination of Medi-cal, Social Security, Qualifying Acts of Violence and Workers Compensation Benefits..
      • Reviews and processes applications for patients who are applying for charity care/assistance programs; verifies patient information and documentation and works to identify funding sources.
      • Works with patients and families to communicate eligibility requirements and follows up to obtain missing documentation needed to complete applications..
      • Ensures that applications are screened and processed accurately, efficiently, and within specified timeframes for applicable programs. 
      • Regularly follows up on the status of applications to identify any barriers and works to resolve issues, provides letter of determination to approved patients..
      • Initiates collections attempt on arranged payment plans or services/flat-fees that were discounted.
      • Logs, documents, and maintains monthly charity care activity statistics; reconciles data and ensures complete and accurate record-keeping; regularly submits charity care data to business office manager.
      • Organizes, files, and maintains charity care applications to ensure appropriate access for organization staff and external auditors as necessary.
      • Performs presumptive charity care eligibility screening on all accounts with potential for bad debt placement, in accordance with organization criteria for presumptive charity care.



      Department Specific Competencies

      • Stays informed of updated insurance requirements and reimbursement practices.
      • Reviews in the hospital system true self-pay encounters and releases to bill the patients.
      • Assists patients by setting up payment plans or providing guidance on Financial Assistance program.

       


      Experience

      Number of Years ExperienceType of Experience
       3Health Care Revenue Cycle, Insurance, Billing or Financial Counseling
       Minimum of three (3) years' experience in a Health Care Revenue Cycle, Insurance, Billing or Financial Counseling.

      Compensation Range

      $25.64 - $38.82 / Hour

      Salary : $26 - $39

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