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.
How to Become a Finance Counselor
What is a Finance Counselor
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.
What Does a Finance Counselor Do
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.
How To Become a Finance Counselor
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.
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Finance Counselor Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Finance Counselor can determine their career goals through the career progression. For example, they could start out with a role such as Billing Specialist, progress to a title such as Accounts Receivable Specialist and then eventually end up with the title Accountant And Office Manager.
Finance Counselor Jobs You Might Like
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Average Salary for a Finance Counselor
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12 Finance Counselor Resume Examples
Build a professional finance counselor resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 12+ resume templates to create your finance counselor resume.
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Doris Lane Finance Counselor |
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Olivia Long Finance Counselor Experience Finance Counselor2019 - Present YMCA of Greater Indianapolis•Indianapolis, IN
Patient Finance Representative2016 - 2019 Riverview Health•Indianapolis, IN
Benefits Representative2013 - 2016 Aerotek•Indianapolis, IN
Skills Phone CallsBenefit FormsFinancial AidVeteransDelinquent AccountsPatient CareGreeting PatientsCounselInsurance CompaniesAbsence Education Bachelor's Degree Business2005 - 2008 Liberty University•Lynchburg, VA |
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Learn How To Write a Finance Counselor Resume
At Zippia, we went through countless Finance Counselor resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Finance Counselor Resume Examples And TemplatesAnd if you’re looking for a job, here are the five top employers hiring now:
Choose From 10+ Customizable Finance Counselor Resume templates
Zippia allows you to choose from different easy-to-use Finance Counselor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Finance Counselor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Find the best Finance Counselor job for you
Finance Counselor Jobs You Might Like
- High Paying Finance Counselor Jobs - $61K and Up
- Work From Home Finance Counselor Jobs
- Entry Level Finance Counselor Jobs
- Part Time Finance Counselor Jobs
- Actively Hiring
- No Degree Finance Counselor Jobs
Top Colleges for Finance Counselors
1. University of Pennsylvania
Philadelphia, PA • Private
2. University of Minnesota - Twin Cities
Minneapolis, MN • Private
3. Howard University
Washington, DC • Private
4. Northwestern University
Evanston, IL • Private
5. Pennsylvania State University
University Park, PA • Private
6. Stanford University
Stanford, CA • Private
7. University of Southern California
Los Angeles, CA • Private
8. Harvard University
Cambridge, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. Boston University
Boston, MA • Private
Find the best Finance Counselor job for you
Finance Counselor Jobs You Might Like
- High Paying Finance Counselor Jobs - $61K and Up
- Work From Home Finance Counselor Jobs
- Entry Level Finance Counselor Jobs
- Part Time Finance Counselor Jobs
- Actively Hiring
- No Degree Finance Counselor Jobs
Online Courses For Finance Counselor That You May Like
Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...
Learn Financial Modeling for Project Finance and Infrastructure Valuation ( DCF and IRR )...
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
Top Skills For a Finance Counselor
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.6% of Finance Counselors listed Insurance Companies on their resume, but soft skills such as Analytical skills and Math skills are important as well.
Best States For a Finance Counselor
Some places are better than others when it comes to starting a career as a Finance Counselor. The best states for people in this position are New York, Washington, California, and Minnesota. Finance Counselors make the most in New York with an average salary of $63,306. Whereas in Washington and California, they would average $54,472 and $51,682, respectively. While Finance Counselors would only make an average of $51,519 in Minnesota, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
$63,306
Avg. Salary
2. Washington
$54,472
Avg. Salary
3. North Dakota
$46,170
Avg. Salary
How Do Finance Counselor Rate Their Jobs?
Top Finance Counselor Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Finance Counselors and discovered their number of Finance Counselor opportunities and average salary. Through our research, we concluded that Cleveland Clinic was the best, especially with an average salary of $42,362. R1 Rcm follows up with an average salary of $37,632, and then comes Orlando Health with an average of $44,687. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Finance Counselor. The employers include Aspirus, AECOM, and Centura Health
Finance Counselor Videos
