Financial counselors are employed in hospitals to provide patients with cost estimates before they are admitted. They assist patients with financial applications and arrangements. Similarly, they determine health insurance benefits, conditions, and requirements by contacting providers. Also, financial counselors review and verify patients' financial information to determine their status. They act as a liaison between the hospital and the patient to oversee payment collection. Additionally, they document results, conduct measures, and prepare outcome reports. Besides that, they ensure compliance with relevant rules, regulations, and policies.
To qualify for this job, you must possess a high school diploma or its equivalent. You must also have two or more years of experience in a related discipline. You must be proficient in Microsoft Office. Similarly, you must be familiar with medical terminology, billing practices, and coding. Core skills for this position include communication, maths, people, and organization skills. Financial counselors make about $39,920 per year. This varies from $30,000 to $54,000.
There is more than meets the eye when it comes to being a Finance Counselor. For example, did you know that they make an average of $19.82 an hour? That's $41,224 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.
There are certain skills that many Finance Counselors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Math skills and Sales skills.
If you're interested in becoming a Finance Counselor, one of the first things to consider is how much education you need. We've determined that 46.7% of Finance Counselors have a bachelor's degree. In terms of higher education levels, we found that 7.4% of Finance Counselors have master's degrees. Even though most Finance Counselors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Finance Counselor. When we researched the most common majors for a Finance Counselor, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Finance Counselor resumes include High School Diploma degrees or Master's Degree degrees.
You may find that experience in other jobs will help you become a Finance Counselor. In fact, many Finance Counselor jobs require experience in a role such as Customer Service Representative. Meanwhile, many Finance Counselors also have previous career experience in roles such as Administrative Assistant or Account Representative.