Accounts Receivable Manager manages accounts receivable functions to ensure compliance with internal controls and accounting policies. Oversees collection activities such as sending follow-up inquiries, negotiating with past-due accounts, and keeping track of cash receipts. Being an Accounts Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Develops and implements controls and policies to ensure accurate and compliant receivable records. Additionally, Accounts Receivable Manager verifies customer credit limits and applicable payment terms. Audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Exceptional candidates will also have meaningful experience in supervising transactional workflows in the full revenue cycle including but not limited to insurance verification, preauthorization, charge posting, payment posting, contractual adjustments, insurance follow-up and patient collections.
Experience in navigating both the clinical and billing areas of EHR systems, medical coding and billing, KPI/Dashboard/Scorecard development and reporting, operational analysis assessment, strategy development for maximizing revenue and cash collection realization, and tactical execution of related sensible policies and procedures. Ensures the accuracy, the timeliness and appropriateness of billing and collections functions and results.
DCH Standards:
Bachelor’s Degree in Business, Finance, Accounting or Health Management preferred.
Two years supervisory experience required.
Strong analytical skills required.
Good communication skills.
Must obtain CPAR certification.
Knowledge of health care revenue cycle is preferred.
Must be able to read, write legibly, speak, and comprehend English.
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