Accounts Payable/Receivable Supervisor is responsible for supervising and guiding the day-to-day operational activities of an organization's accounts receivable and accounts payable functions. Maintains and reconciles the accounts payable and accounts receivable ledger to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Supervisor implements standard operating procedures to maintain accurate financial records and control reports. Monitors collection period and sends follow-up inquiries regarding payments for the organization. Additionally, Accounts Payable/Receivable Supervisor negotiates with past-due accounts to resolve all payment issues in a timely manner. Prepares and evaluates applicable accounting reports to identify trends, inefficiencies, and opportunities for cost-savings or process improvements and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Accounts Payable/Receivable Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be an Accounts Payable/Receivable Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)
Coordinates all relevant data collection necessary to obtain proper reimbursement to the organization from individuals and third party payers. This includes billing and collection of accounts receivable, counseling of indigent patients and interpretation of third party regulations.
Responsibilities
• Provide effective daily supervision of the work unit. • Coordinate and control work flow. • Monitor productivity through various reports and through direct observation of staff. • Compile, maintain and submit various management reports. • Determine methods and direct resolution of problem accounts. • Maintain effective communication between the assigned unit and other units, departments and outside organizations. • Ensure that employees are kept up to date on issues affecting operations. • Interpret insurance policy provisions for claim adjudication. • Interpret and apply credit and collection laws and regulations to Patient Accounts activities. • Interpret and communicate to staff billing procedures contained in the Medicare Claims Processing Manual, UB-04 Billing Manual, and other billing manuals and contracts as required. • Recommend policy and procedure changes and implement such changes. • Make decisions and solve problems as they relate to the assigned area of responsibility. • Exceptional situations are referred to Accounts Receivable Manager • Maintain an ongoing professional relationship with other departments in order to accomplish daily objectives • Act as a liaison to CAMC subsidiaries as needed. • Reinforce employee understanding of work integration with other departments throughout the institution.
Knowledge, Skills & Abilities
1. Maintain and document all applicable required education. 2. Demonstrate positive customer service and co-worker relations. 3. Comply with the company's attendance policy. 4. Participate in the continuous, quality improvement activities of the department and institution. 5. Perform work in a cost effective manner. 6. Perform work in accordance with all departmental pay practices and scheduling policies, including but not limited to, overtime, various shift work, and on-call situations. 7. Perform work in alignment with the overall mission and strategic plan of the organization. 8. Follow organizational and departmental policies and procedures, as applicable. 9. Perform related duties as assigned.
Education
Associate degree in Business or related field w/ 2 years of experience in a hospital or business office environment with specific exposure to identified area of expertise.
6 - 12 months supervisory experience n a hospital business office environment.
Credentials
• No Certification, Competency or License Required
Work Schedule: Days
Status: Full Time Regular
Location: General Hospital
Location of Job: US:WV:Charleston