Patient Financial Services Director Salary in Vernon Hills, Illinois

To get your salary data, use the search bar below or browse by job, city, or state.
loading...

Job title is required

loading...

Job location is required.

Average Salary for Patient Financial Services Director in Vernon Hills, Illinois

The average salary of a(n) Patient Financial Services Director in Vernon Hills, Illinois is $157,547.

The average hourly rate of a(n) Patient Financial Services Director in Vernon Hills, Illinois is $75.74.

The average bonus of a(n) Patient Financial Services Director in Vernon Hills, Illinois is $17,677.00.

Job Description:

Plans and directs business office operations of the medical facility to ensure that revenue management functions meet customer and organizational requirements. Plans and directs business office operations to include such functions as admitting, patient registration, billing, collections, and insurance claims. Typically requires a college degree in business and related managerial experience. Assists in coordinating and maintaining patient financial services programs to ensure compliance with current payments, rules, and regulations that impact the medical center and/or physician's billing and collections process. Monitors and ensures compliance with Medicare and Medicaid documentation guidelines. Monitors and evaluates current reimbursement/payment rules and ensures that legislative and regulatory changes impacting medical billing are anticipated and communicated to the clinical faculty, staff, and departmental billing personnel. Develops techniques for effective analyses of billing and collections efforts. Oversees resolution of third party denials and assists with reimbursement appeals and problems. Prepares financial reports and analyses to show progress or adverse trends and makes appropriate recommendations or conclusions. Assists in identification of new technologies that will improve departmental operations. Develops departmental strategies to meet cash projection formulas, reduce days in Accounts Receivable, and reduce denials. Ensures compliance with State and Federal law, compliance plans, HIPAA, and JCAHO guidelines. Prepares and manages the departmental budget. Hires, develops, and motivates a qualified Patient Financial Services staff. May provide assistance to physicians in determining appropriate use of codes for maximizing reimbursement of physician services. Less

Plans and directs business office operations of the medical facility to ensure that revenue management functions meet customer and organizational requirements. Plans and directs business office operations to include such functions as admitting, patient registration, billing, collections, and insurance claims.... More

How helpful is this page?

Are you a(n) Patient Financial Services Director?

Get a more personalized salary report now. Get Report

Average Salaries for Similar Jobs in Vernon Hills, Illinois

View Salaries for Patient Financial Services Director in Other Cities

Job Openings by Indeed job search

Results for Patient Financial Services Director in Vernon Hills, Illinois

Dir Sr IT Delivery (Merchandising & Supply Chain) - Deerfield, IL

WALGREENS

And, we remain a trusted wellness provider offering convenient access to important health services, such as immunizations and an array of pharmacy services that...

View job on Indeed.com

Senior Director, Business Integration - Deerfield, IL

WALGREENS

And, we remain a trusted wellness provider offering convenient access to important health services, such as immunizations and an array of pharmacy services that...

View job on Indeed.com

Director, IT (Program Management) - Deerfield, IL

Walgreens

And, we remain a trusted wellness provider offering convenient access to important health services, such as immunizations and an array of pharmacy services that...

View job on Indeed.com

Manager Rehab Services - Rehab Services - Lake Forest, IL

Northwestern Medicine

Monitors clinical services with regard to outcomes, service provision, referral patterns and potential for new growth....

View job on Indeed.com

Director of Operations - AMITA Health Medical Group - Arlington Heights, IL

Alexian Brothers Medical Group

The Director of Operations develops and participates in activity based management including activities designed to facilitate exceptional patient care,...

View job on Indeed.com

Discover How Much You
Should Be Paid

Work in Compensation or HR?    x