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Supervisor, Accounts Receivable

2 weeks ago

Guindy Chennai Tamil Nadu, India Ventra Health, Inc. Full time

About Us:
Ventra is a leading business solutions provider for facility-based physicians practicing anesthesia, emergency medicine, hospital medicine, pathology, and radiology. Focused on Revenue Cycle Management, Ventra partners with private practices, hospitals, health systems, and ambulatory surgery centers to deliver transparent and data-driven solutions that solve the most complex revenue and reimbursement issues, enabling clinicians to focus on providing outstanding care to their patients and communities.
- ** Come Join Our Team**- As part of our robust Rewards & Recognition program, this role is eligible for our Ventra performance-based incentive plan, because we believe great work deserves great rewards.**Help Us Grow Our Dream Team — Join Us, Refer a Friend, and Earn a Referral Bonus**

Job Summary:
Essential Functions and Tasks:

- Lead and manage a team of accounts receivable specialists, providing guidance, support, and coaching to ensure high performance and productivity.
- Develop and implement strategies to optimize the accounts receivable process, reduce aging of accounts, and improve cash flow.
- Monitor key performance indicators (KPIs) and metrics related to accounts receivable, such as days in accounts receivable (AR days), denial rates, and cash collection ratios, and take proactive measures to address any deviations from targets.
- Oversee the billing and claims processing functions, ensuring that claims are submitted accurately and timely, and that any issues or errors are promptly addressed and resolved.
- Manage payment posting activities, reconciling payments received with billed charges, and identifying and addressing any discrepancies or variances.
- Coordinate denial management efforts, analyzing denial trends, implementing corrective actions, and appealing denials as necessary to maximize revenue recovery.
- Collaborate with other departments, such as coding, billing, and compliance, to ensure alignment and consistency in revenue cycle processes and workflows.
- Stay informed about changes and updates in healthcare regulations, payer policies, and industry trends related to accounts receivable management, and implement necessary changes to ensure compliance and optimization.
- Conduct regular team meetings and performance reviews, providing feedback, recognition, and development opportunities to team members.
- Foster a positive and collaborative work environment, promoting teamwork, accountability, and continuous improvement.
- Serve as a point of contact for escalated issues and inquiries from internal stakeholders, external partners, and patients related to accounts receivable matters.
- Keep accurate records of accounts receivable activities, performance metrics, and outcomes, and generate reports as needed to track progress and measure success.

Education and Experience Requirements:

- Bachelor's degree in any related field.
- Minimum of 6 years of experience in healthcare revenue cycle management, with a focus on accounts receivable.

Knowledge, Skills, and Abilities:

- Previous leadership experience, preferably in a healthcare setting.
- In-depth knowledge of medical billing processes, reimbursement methodologies, and regulatory requirements.
- Strong understanding of healthcare payer policies and claims adjudication processes.
- Excellent communication and interpersonal skills, with the ability to effectively lead and motivate a team.
- Strong analytical and problem-solving abilities, with a focus on driving results and achieving objectives.
- Proficiency in healthcare revenue cycle management software and systems.
- Certified Professional Coder (CPC) or Certified Revenue Cycle Representative (CRCR) certification is a plus.
- Willingness to stay updated on industry trends and best practices through continuing education and professional development opportunities.

Compensation:

- This position is also eligible for a discretionary incentive bonus in accordance with company policies.

Ventra Health:
**Equal Employment Opportunity (Applicable only in the US)**

**Recruitment Agencies**
Ventra Health does not accept unsolicited agency resumes. Ventra Health is not responsible for any fees related to unsolicited resumes.

**Solicitation of Payment**

Please be aware that there have been reports of individuals falsely claiming to represent Ventra Health or one of our affiliated entities Ventra Health Private Limited and Ventra Health Global Services. These scammers may attempt to conduct fake interviews, solicit personal information, and, in some cases, have sent fraudulent offer letters.

**Statement of Accessibility