Senior Patient Financial Services Specialist
Hebrew SeniorLife · Boston, Massachusetts, United States · 1 mo ago
Accounting$54k–$81k/yrFull-time
Position Responsibilities
- Complete and submit MassHealth applications and renewals accurately and timely
- Aid 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
- 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
- Cookordinate transitions between payers (e.g., Medicare to Medicaid; Private to Medicaid)
- Ensure accurate payer source assignment and billing readiness
- Cookordinate with billing as needed
- 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
- 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
- Cookordinate with interdisciplinary teams (admissions, social workers, clinical, billing, etc.)
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