Insurance verification specialists are healthcare professionals who make sure patients are properly insured before they are admitted into the hospital. You are to contact the patient's insurance company and confirm if the patient's insurance covers the medical care services to be provided by the hospital.
Some other duties of an insurance verification specialist include explaining insurance coverages to patients, verifying or updating patient information, filling out billing documentation, and keeping records. Also, you will be required to help patients figure out ways to pay for services not covered by their insurance company and provide or advise them on different financing options to pay for the medical care.
A high school diploma or a bachelor's degree in a related field is needed to get this job. You must also have working experience with insurance companies, must be detail-oriented, and be able to focus and work well with others. Annually, you will make an average of $32,845 or $16 every hour.
There is more than meets the eye when it comes to being an insurance verification specialist. For example, did you know that they make an average of $15.79 an hour? That's $32,845 a year!
Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.
There are certain skills that many insurance verification specialists 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 initiative, self-confidence and analytical skills.
If you're interested in becoming an insurance verification specialist, one of the first things to consider is how much education you need. We've determined that 23.4% of insurance verification specialists have a bachelor's degree. In terms of higher education levels, we found that 2.4% of insurance verification specialists have master's degrees. Even though some insurance verification specialists 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 an insurance verification specialist. When we researched the most common majors for an insurance verification specialist, we found that they most commonly earn associate degree degrees or bachelor's degree degrees. Other degrees that we often see on insurance verification specialist resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become an insurance verification specialist. In fact, many insurance verification specialist jobs require experience in a role such as customer service representative. Meanwhile, many insurance verification specialists also have previous career experience in roles such as medical assistant or cashier.