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What is a patient finance representative and how to become one
Patient finance representatives are responsible for compiling data, computing fees, and preparing invoices for billing purposes. They interact with computers by setting up functions, entering data, or processing information. They also communicate with supervisors, peers, or subordinates by telephone, in written form, e-mail, or person and provide information to those supervisors.
Patient finance representatives earn a median sum of $35,000 annually or $16 per hour. They perform some duties which include verifying insurance eligibility benefits for services rendered and documenting appropriately. They assist in obtaining referrals and insurance authorizations and prepare daily financial journals with bank deposits and necessary paperwork to send to centralized billing for record purposes.
Patient finance representatives typically hold a bachelor's or associate's degree in business, health care administration, or other related fields. They are expected some years of experience as a patient finance representative or in a similar role. Some employers prefer candidates with the ability to comprehend easily with excellent critical-thinking and communication skills to boot.
Avg. Salary $33,224
Avg. Salary $59,228
Growth rate -4%
Growth rate 0.3%
American Indian and Alaska Native 0.61%
Asian 6.01%
Black or African American 11.46%
Hispanic or Latino 24.98%
Unknown 4.94%
White 52.00%
Genderfemale 87.82%
male 12.18%
Age - 39American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 39Stress level is high
7.1 - high
Complexity level is challenging
7 - challenging
Work life balance is good
6.4 - fair
Patient finance representative career paths
Key steps to become a patient finance representative
Explore patient finance representative education requirements
Start to develop specific patient finance representative skills
Skills Percentages Patients 23.56% Customer Service 20.02% Medical Terminology 6.13% HIPAA 4.45% Patient Accounts 4.22% Complete relevant patient finance representative training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New patient finance representatives learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a patient finance representative based on U.S. Bureau of Labor Statistics data and data from real patient finance representative resumes.Research patient finance representative duties and responsibilities
- Experience in ICD9 and CPT usage.
- Assign appropriate ICD-9 and ICD-10 codes to patients accounts.
- Review account aging reports, make corrections utilizing CPT and ICD-9 standards.
- Maintain patient confidentiality via HIPAA rules and regulations.
Prepare your patient finance representative resume
When your background is strong enough, you can start writing your patient finance representative resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a patient finance representative resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable patient finance representative resume templates
Build a professional patient finance representative resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your patient finance representative resume.
Apply for patient finance representative jobs
Now it's time to start searching for a patient finance representative job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first patient finance representative job
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Average patient finance representative salary
The average patient finance representative salary in the United States is $33,224 per year or $16 per hour. Patient finance representative salaries range between $26,000 and $41,000 per year.
What am I worth?
How do patient finance representatives rate their job?
Patient finance representative reviews
Putting that patient/customet first and directing (directions) that person to their Doctors office and setting or cancelling their appointments, just helping people.
There's nothing to dislike.
Non caring employer's , standing on my feet all day, working weekends, low pay
I like to work with the Claim Submission, Followup on the claim process, work on the denials of the claims by the insurance companies, submit the corrected claims for reprocessing for the prompt payment on the claims by the insurance companies, post the payment received from the insurance companies and maintain an accurate patient's account, communicate with the patients about their accounts for their balance and post the payment received into their account, answer to all the queries from the patients and insurance rep and work with appeals for the claims denied by the insurance companies.
Updated January 8, 2025
