Financial Clearance Specialist

Welcome to the Yale New Haven Health System, where we are dedicated to providing exceptional healthcare services to our community. We are currently seeking a highly motivated and detail-oriented individual to join our team as a Financial Clearance Specialist. As a Financial Clearance Specialist, you will play a crucial role in ensuring that our patients receive the best possible care by verifying insurance coverage and obtaining necessary authorizations. This position requires strong communication and problem-solving skills, as well as a thorough understanding of insurance policies and medical terminology. If you are looking for a fulfilling career in the healthcare industry, we would love to have you on our team.

1. Verify insurance coverage for patients and obtain necessary authorizations.
2. Communicate effectively with patients, insurance companies, and healthcare providers to ensure accurate and timely financial clearance.
3. Utilize knowledge of insurance policies and medical terminology to accurately assess patient coverage and potential financial responsibilities.
4. Collaborate with other departments, such as billing and coding, to ensure proper documentation and billing procedures.
5. Identify and resolve any issues or discrepancies in insurance coverage or authorization processes.
6. Work closely with patients to explain insurance coverage and potential out-of-pocket expenses.
7. Maintain patient confidentiality and adhere to all HIPAA regulations.
8. Stay up-to-date on changes in insurance policies and regulations to ensure compliance.
9. Provide excellent customer service to patients and other stakeholders.
10. Adhere to departmental policies and procedures to maintain efficiency and accuracy in financial clearance processes.
11. Assist in training new team members and provide ongoing support to colleagues.
12. Collaborate with other members of the healthcare team to improve processes and enhance patient experience.
13. Maintain accurate records and documentation of financial clearance processes.
14. Participate in meetings and trainings to stay informed about company policies and procedures.
15. Perform other related duties and responsibilities as assigned.

According to JobzMall, the average salary range for a Financial Clearance Specialist in New London, CT, USA is $36,000 to $50,000 per year. This can vary depending on the specific company, level of experience, and other factors.

YNHH is the 1,541-bed teaching hospital for Yale School of Medicine. Connecticut’s leading healthcare system, consisting of Bridgeport, Greenwich, Lawrence + Memorial, Yale New Haven and Westerly hospitals, and Northeast Medical Group, a physician foundation of primary care and medical specialists.